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...
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...
