Govt Orders Banks to Release PLI Despite CLC Advice
Recent reports indicate the Indian government, through the Department of Financial Services (DFS), has directed public sector banks (PSBs) to proceed with crediting Performance...
RBI Proposes New Rules to Prevent Mis-selling of Financial Products by Banks
The Reserve Bank of India (RBI) has proposed new rules to stop banks from mis-selling financial products like insurance and mutual funds. Mis-selling means...
Kotak Mahindra Bank CTO Quits Within a Year Amid Frequent Top-Level Exits
Bhavnish Lathia has resigned from his job as Chief Technology Officer (CTO) of Kotak Mahindra Bank less than one year after joining. He said...
Blackstone Cleared to Invest Up to 9.99% in Federal Bank After RBI Approval
Federal Bank has got permission from the RBI to let Blackstone, a big global investment company, buy nearly 10% of the bank. Blackstone will...
IndusInd Bank Set to Hire Piramal Finance Retail Lending Chief
Jagdeep Mallareddy, who is currently the head of retail lending at Piramal Finance, will soon join IndusInd Bank. He will be in charge of...
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...
Kotak & Federal Bank Chase Deutsche Bank’s India Retail Exit
Kotak Mahindra Bank and Federal Bank are in advanced talks to acquire Deutsche Bank's India retail and wealth management portfolios, valued at around $2.5...
Texas Banking Shakeup: Prosperity Bank’s $2B Stellar Acquisition
Prosperity Bancshares agreed to acquire Stellar Bancorp in a $2 billion cash-and-stock deal announced January 28, 2026, creating Texas's second-largest bank by deposits. This...
Budget 2026 Banking Reforms Spark Market Turmoil
Union Budget 2026-27 introduced sweeping financial reforms including a high-level committee for banking review, NBFC restructuring, and MSME credit boosts, triggering a sharp sell-off...
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...