HDFC CEO Sashidhar Jagdishan Accused of Financial Fraud by Lilavati Medical Trust
Lilavati Kirtilal Mehta Medical Trust, a well-known hospital trust, has accused the CEO of HDFC Bank of being involved in a fraud worth ₹14...
Government Eyes IPOs for Five Regional Rural Banks by FY27
The Government of India is planning to list at least five Regional Rural Banks (RRBs) on the stock exchange by the end of the...
Punjab & Sind Bank Officers Call Nationwide Strike on May 19 Over Policy Disputes
In a significant move that could shake up banking operations across India, over 5,000 officers of Punjab & Sind Bank are planning a one-day...
Mumbai Cops Arrested 3 for Operating Fake Accounts Under ‘Ladki Bahin’ Scam
Mumbai Police arrested 3 people for a fake bank account scam linked to cyber fraud and money laundering. The accused opened bank accounts in...
India-Pakistan Tensions Rise; Finance Minister Meets with Financial Sector Heads
On 9th May, 2025 Finance Minister Nirmala Sitharaman held a meeting to review the cybersecurity readiness of banks and financial institutions. The goal is...
SMBC (Japanese Financial Giant) in Advanced Discussions to Acquire Significant Stake in Yes Bank.
Japanese financial giant Sumitomo Mitsui Banking Corp (SMBC) is in the final stages of discussions to acquire a major stake in Yes Bank. The...
‘One State One RRB’ Policy Comes Into Effect From Today
New banking reform i.e. ‘One State, One RRB’ policy officially enforced on on May 1, 2025. Total 26 RRBs merged in 11 states and...
After Arun Khurana, Deputy CEO Resignation, IndusInd Bank CEO Sumant Kathpalia Resigns
Sumant Kathpalia, CEO and Managing Director of IndusInd Bank, resigned at the end of the workday on April 29, 2025. He worked as a...
Arun Khurana, Deputy CEO of IndusInd Bank Resigned on Monday
On April 28, 2025 Arun Khurana, Deputy CEO and Whole-Time Director of IndusInd Bank, resigned from the post. His resignation comes after a discrepancy...
World Bank Lowered India’s Growth Prediction for 2025-26 to 6.3%.
The World Bank revised India’s expected economic growth for 2025-26 from 6.7% to 6.3% which is 0.4% (or 40 basis points) lower than their...