RBI approved the re-appointment of Sumant Kathpalia as MD & CEO of IndusInd Bank.
IndusInd Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as Managing Director and CEO for one...
ICICI Bank Lowers Minimum Balance Requirement from ₹50,000 to ₹15,000
On August 13, 2025, ICICI Bank changed its minimum balance rules for savings accounts. Previously for metro and big cities it was ₹50,000 but...
RBI appoints Dr Ajit Ratnakar Joshi as new Executive
The Reserve Bank of India (RBI) announced on March 5, 2025, that Dr. Ajit Ratnakar Joshi has been appointed as its new Executive Director...
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...
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...
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 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....
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...