State Bank of India to sell its full stake in Jio Payments Bank
On 04 March 2025, the Board of Jio Financial Services approved the acquisition of 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State...
IDFC First Bank To Receive ₹7,500 Cr Investment from Global Investors Warburg Pincus &...
A big Investment for IDFC First Bank is coming in as two global investors, Warburg Pincus & Abu Dhabi Investment Authority (ADIA), are investing...
RBI Grants In-Principle Approval for Fino Payments Bank’s Conversion to a Small Finance Bank
The Reserve Bank of India (RBI) has given Fino Payments Bank permission (called “in-principle approval”) to start the process of becoming a Small Finance...
RBI’s latest guidelines on inoperative accounts and unclaimed deposits in banks
RBI has announced new rules to make it easier for people to reactivate old/inactive bank accounts or claim unclaimed money. RBI said that these...
Finance Minister Urges Banks to Enhance Lending While Ensuring Profitability
Finance Minister Nirmala Sitharaman held an annual review meeting on Friday, June 27, with the heads of public sector banks (PSBs). She met with the...
AU Small Finance Bank hit their 52-week lows in intraday trade
On Wednesday, February 19, 2025, several stocks hit their 52-week lows in intraday trade on the BSE. AU Small Finance Bank experienced a notable...
AU Small Finance Bank Celebrates Independence Day with the Inauguration of 51 New Branches...
AU Small Finance Bank, on the path to becoming a Universal Bank has announced it will open 51 new branches across India on August...
Cent eeZ – A New Futuristic Mobile App from Central Bank of India
Central Bank of India launched a new mobile enhanced and futuristic app Cent eeZ for Android and Apple phone users. This will be the...
Senior Citizen Wins ₹5 Lakh Compensation in ATM Card Fraud Case Against Bank
The Maharashtra State Consumer Disputes Redressal Commission in Mumbai ordered Bank of India to pay ₹5 lakh compensation to a 65-year-old woman because of...
RBI plans to ask banks to follow stricter rules for gold loans
Gold loans in India have been growing rapidly, increasing by 50% since September 2024, which is faster than the growth of overall loans. As...
