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 Approves Merger of Ashok Leyland’s Subsidiary, Hinduja Leyland Finance, with NDL Ventures
RBI approves to a merger between Hinduja Leyland Finance (HLF) and another company in the same group, called NDL Ventures. Both HLF and NDL...
Public Outrage Over ICICI Bank’s Increased Minimum Balance Requirement
A group called 'Bank Bachao Desh Bachao Manch', which helps to protect the rights of regular bank users, has written a letter to the...
RBI Plans to Simplify Claim Process for Deceased Bank Customers
The RBI has released a draft circular titled "Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025"...
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...
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...
