Citibank Appoints Kaustubh Kulkarni as Co-Head of Investment Banking
Citibank has given Kaustubh Kulkarni a big new job as co-head of its investment banking team. He’ll be in charge of the business in...
NCIB Criticizes HDFC Bank Over Agent Misconduct, Says Bank Equally Responsible
NCIB Strongly criticized HDFC bank over a viral audio clip in which a woman is allegedly verbally abusing a CRPF (Central Reserve Police Force)...
RBI Returns Jana Small Finance Bank’s Universal Bank Application Over Eligibility Shortfall
Jana Small Finance Bank (Jana SFB) had applied to the Reserve Bank of India (RBI) to become a universal bank like larger banks such...
SMBC Acquires 20% Stake in Yes Bank, Becomes Largest Shareholder
Sumitomo Mitsui Banking Corporation (SMBC), a big bank from Japan, has bought a 20% share in Yes Bank, an Indian private bank. SMBC bought...
RBI Imposes ₹61.95 Lakh Penalty on Kotak Mahindra Bank for Regulatory Non-Compliance
The Reserve Bank of India (RBI) fined Kotak Mahindra Bank ₹61.95 lakh because the bank did not fully follow some banking rules. During an...
₹2,434 Crore Loan Fraud: PNB Alerts RBI on SREI Promoters
Late on Friday evening, December 26, 2025, PNB informed the Reserve Bank of India (RBI) that it detected a loan fraud of ₹2,434 crore....
UP Tax Department Slaps ₹3.3 Crore GST Penalty on Yes Bank
Yes Bank has been fined ₹3.30 crore by the Uttar Pradesh GST department. This fine is related to GST matters for the financial year...
China’s Central Bank Buys Gold for 10th Consecutive Month in August
China’s central bank (called the People’s Bank of China) bought more gold in August, marking 10 months in a row of adding to its...
RBI Issues New Guidelines For Loans Against Silver, Effective April 1, 2026
The Reserve Bank of India (RBI) has announced new rules that will make it easier for people and businesses to take loans using silver...
HDFC Bank Places Two Senior Executives on Gardening Leave Amid Internal Investigation
According to Bloomberg, HDFC Bank , India’s biggest private bank, is investigating two of its senior employees because some customers said the bank mis-sold...
