ICICI Bank Hikes Minimum Balance to ₹50,000 for New Customers; Existing Customers Unaffected
ICICI Bank has increased the monthly average balance (MAB) requirements for new savings account holders, starting from August 1, 2025.
In Metro or Big...
RBI relaxes lending rules for small borrowers and non-bank lenders
The Reserve Bank of India (RBI) has partially reversed its stricter rules on bank loans and has made it easier for small borrowers and...
Yes Bank Legal Head Resigns as ₹3,000 Crore Loan Misuse Case Unfolds
Sanjay Nambiar, who worked as the top legal officer (general counsel) at Yes Bank for almost 15 years has resigned. Currently he will be...
IndusInd Bank Board Approves ₹30,000 Crore Fundraising Plan, via Equity and Debt
IndusInd Bank, a private sector bank, announced on Wednesday to raise up to ₹30,000 crore. This will be done in two parts:
₹10,000 crore...
RBI plans to ask banks to follow stricter rules for gold loans
Gold loans in India have been growing rapidly, increasing by 50% since September 2024, which is faster than the growth of overall loans. As...
RBI performs $10 billion forex swap to boost long-term liquidity.
On February 28, The Reserve Bank of India (RBI) conducted a $10 billion US dollar-rupee swap to inject long-term liquidity into the financial system....
RBI Assures No Cause for Concern, Confirms IndusInd Bank’s Strong Capitalisation
The Reserve Bank of India (RBI) assured IndusInd Bank depositors of the bank's financial stability, following speculation about its financial health and confirmed that...
RBI’s new measures to improve liquidity in the banking system
The Reserve Bank of India (RBI) has announced new steps to ease the tight liquidity (cash) situation in banks. It will carry out OMO...
How to Block Your Axis Bank ATM Card: A Step-by-Step Guide
Customers of Axis Bank can quickly disable their ATM cards. The purpose of this feature is to prevent debit card fraud in the event...
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...