CAG Report: Many IPPB Accounts Opened Without Checking Mobile Numbers
A report by the government auditor, the Comptroller and Auditor General of India (CAG), has found several problems in India Post Payments Bank (IPPB)....
UPI Gets an Update: New Rules Come Into Effect from August 1, 2025
From 1 August 2025, new rules for the Unified Payments Interface (UPI) have officially come into effect. The National Payments Corporation of India (NPCI)...
Bank of Baroda Introduces Global Women NRE & NRO Savings Account
Bank of Baroda becomes the first public sector bank in India to introduce a new savings account specifically for women NRIs. Beena Vaheed, the...
Banking Alert: SBI, HDFC & Kotak to Face Service Disruptions on Sept 21 Due...
Several large Indian banks including SBI, HDFC Bank, and Kotak Mahindra Bank have announced that they will carry out scheduled maintenance on September 21, 2025....
RBI Eases Regulations, Making NBFC Growth Faster and Simpler
The Reserve Bank of India has introduced new rules for Non-Banking Financial Companies, making it easier for them to expand their operations.
Earlier, NBFCs had...
Canara Bank to Sell priority sectors Loans and List Two Subsidiaries in Q2 FY26
Canara Bank has given more loans to priority sectors (like farming, small businesses, etc.) than required under the Priority Sector Lending (PSL) rules in...
HDFC Bank Faces ₹91 Lakh Fine from RBI for Compliance Lapses
The Reserve Bank of India (RBI) reviewed HDFC Bank’s internal operations as of March 31, 2024, and discovered that the bank had violated several...
United Forum of Bank Unions Wrote Maharashtra CM Seeking Security of Bankers
The United Forum of Bank Unions (UFBU) wrote a letter to Maharashtra CM Devendra Fadnavis to ensure the security of banking officials after some...
MCLR Hike: Canara Bank Revises Lending Rates Effective Thursday
Canara Bank has decided to increase the interest rates it charges on some loans. The bank will raise its MCLR (Marginal Cost of Funds...
SEBI Issues Notice to Bank of America Over Alleged Insider Trading Violations in 2024...
India’s markets regulator SEBI says a Bank of America (BofA) unit broke insider-trading rules while handling a big share sale in 2024. BofA was...
