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...
Deutsche Bank Plans Full Exit from Retail Banking in India
According to a Reuters report Deutsche Bank is thinking about selling its retail banking operations in India and has asked both Indian and international...
J.V. Satyanarayana Murthy Elected As The New Chairman Of Visakhapatnam Cooperative Bank
Recently, a new Board of Directors was elected to lead the Visakhapatnam Cooperative Bank (VCB). This team came together and selected J.V. Satyanarayana Murthy...
Canara Bank Plans to Hire People Proficient in Local Languages, Says MD & CEO
Canara Bank Managing Director and CEO, K Satyanarayana Raju, in a telephonic interview with Anupreksha Jain of Business Standard, said that the bank plans...
Bank of America Appoints Hari Gopalkrishnan as Chief Technology Officer
Hari Gopalkrishnan is appointed as a new Chief Technology Officer. He has worked at Bank of America since 2011. Before that, Hari held senior...
Unclaimed Deposits in Indian Banks Climb to ₹67,003 Crore
By the end of June 2025, RBI stated that all banks in India including public sector and private banks together held ₹67,003 crore in...
Canara Bank to Sell priority sectors Loans and List Two Subsidiaries in Q2 FY26
Canara Bank has given more loans to priority sectors (like farming, small businesses, etc.) than required under the Priority Sector Lending (PSL) rules in...
Zubin Mody Resigns as CHRO of IndusInd Bank After 20 Years
Zubin Mody, who was the Chief Human Resources Officer (CHRO) has resigned after serving the company for two decades. He submitted his resignation on...
With Inflation Easing, Russian Central Bank Reduces Rate by 200 Basis Points
The Russian central bank has cut its main interest rate by 2% ( 200 basis points), bringing it down to 18%. This move was...
