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....
SMBC Acquires 20% Stake in Yes Bank, Becomes Largest Shareholder
Sumitomo Mitsui Banking Corporation (SMBC), a big bank from Japan, has bought a 20% share in Yes Bank, an Indian private bank. SMBC bought...
RBI Fines PhonePe ₹21 Lakh for Violating PPI Norms
The Reserve Bank of India (RBI) recently imposed a penalty of ₹21 lakh on PhonePe for breaking certain rules related to digital wallets (also...
Government to Hold Two-Day ‘Manthan’ Meeting with PSBs on Sept 12–13, Plans Future Roadmap...
The Indian government is holding a special two-day meeting with public sector banks (PSBs) on September 12 and 13, called "Manthan". This is the...
RBI Clears SMBC’s Entry into Yes Bank Board with Approval for Two Director Appointments
On September 9, 2025, Yes Bank received a formal letter from the RBI allowing the amendments to its Articles of Association (AoA). Yes Bank...
Ujjivan Small Finance Bank Awaits RBI Decision on Universal Bank License by December
Ujjivan Small Finance Bank wants to upgrade to become a universal bank and applied for the license in February 2024, and are hoping the...
China’s Central Bank Buys Gold for 10th Consecutive Month in August
China’s central bank (called the People’s Bank of China) bought more gold in August, marking 10 months in a row of adding to its...
FSIB Nominates PNB Executive Director Kalyan Kumar for Union Bank of India ...
Mr. Kalyan Kumar who is currently the Executive Director of Punjab National Bank (PNB), has been proposed as the new MD & CEO of...
RBI’s Key Banking Rule Reforms Throughout 2025
The Reserve Bank of India (RBI) implemented a series of significant banking rule reforms throughout 2025. These regulatory updates affected various aspects of the...
FSIB Nominates Bank of Baroda Executive Director Lalit Tyagi for Central Bank of India...
Bank Of Baroda Executive Director Mr. Lalit Tyagi has been proposed as MD and CEO of Central Bank of India, replacing the earlier recommendation...
