ICICI Bank To Pay Over ₹1 Crore in SIM Swap Cyberfraud Case
On 31 July 2025, the tribunal (legal panel) ordered Vodafone and ICICI Bank to jointly pay over Rs 1.20 crore (compensation + penalties) to...
Indian Banking Sector Q1 FY2025-26 Results: An Overview
The Indian banking sector delivered a mixed performance in the first quarter of FY26 (April-June 2025), with most major banks reporting profits despite facing...
AU Small Finance Bank Set to Grow Bigger with RBI’s Universal Bank Approval
AU Small Finance Bank has received special permission from the Reserve Bank of India (RBI) to become a universal bank. This means the bank...
The Bank of England Cuts Interest Rates to a Two-Year Low: What It Means...
The Bank of England has recently cut its benchmark interest rate to the lowest level seen in two years, a move that is reverberating...
RBI Keeps Repo Rate Unchanged in Latest MPC Meeting
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) met from August 4 to August 6 and made an important decision...
Rajiv Anand Appointed as New CEO of IndusInd Bank; Shares Jump 5%
On Monday, IndusInd Bank officially announced that Rajiv Anand has been appointed as the new Chief Executive Officer (CEO) of the bank. His leadership...
How Much Do PSUs Spend on Recovery Agents? SBI Refuses to Disclose
Several PSUs Banks in India engage private recovery agents to recover unpaid loans from borrowers. These agents are often accused of using harsh and...
ICICI Bank Imposes UPI Transaction Charges on Payment Aggregators, Raises Fintech Concerns
Introduced charges for UPI payments done through Payment Aggregators (PAs) like Razorpay, PayU, Pine Labs, etc. that help merchants accept digital payments. These charges...
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)...
IndusInd Bank’s Internal Audit Chief Jyoti Prasad Ratho, Retires
IndusInd Bank has officially announced that Jyoti Prasad Ratho who was in charge of internal audit, has retired and is no longer part of...