RBI Reduced Repo Rate To 6%, Decision Taken After Monetary Policy Committee (MPC) Meeting
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, bringing it down from 6.25% to 6%. For the...
Axis Bank Places Bid to Acquire 66.28% Stake in CreditAccess Grameen
Axis Bank is planning to buy CreditAccess Grameen, which is one of India’s largest microfinance companies. The main owner of the company, CreditAccess India...
Government Eyes IPOs for Five Regional Rural Banks by FY27
The Government of India is planning to list at least five Regional Rural Banks (RRBs) on the stock exchange by the end of the...
Big Cyber Fraud Gang Busted: 7 Arrested Including Bank Manager, bank Staffs and B.Tech
The Bhubaneswar–Cuttack Police have caught a big cyber fraud gang that cheated people online and stole money from victims across different states using Telegram,...
World Bank cuts India’s growth forecast to 6.5%
As rising commodity prices and debt troubles hit economies in South Asia, the World Bank cut the growth forecast for India for this financial...
Finance Ministry Calls PSB Chiefs for Q1 Financial Performance Review Meet on August 20
The Finance Ministry has called a meeting with the heads of public sector banks (PSBs) on Wednesday, August 20, to review their financial performance...
FASTag KYC Simplified: Seamless Activation from February 1
The National Highways Authority of India (NHAI) has streamlined FASTag issuance for private vehicles starting February 1, 2026, eliminating post-activation KYC hurdles. Banks now...
Rupee collapse to record low against US dollar
Indian rupee reached a record low in trading in the early hours of trade today amid a sharp rise in crude oil prices around...
Deutsche bank and Fiserv launch vert, Germany’s newest payments company
In collaboration with Fiserv, Deutsche Bank launched Vert, which provides small and midsized businesses with comprehensive payment acceptance and banking services.
Vert blends traditional banking...
Government Removes Pankaj Dwivedi as Executive Director of Union Bank of India
Pankaj Dwivedi was appointed as the Executive Director (ED) of Union Bank of India in March 2024. However, that appointment has now been cancelled...