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...
HDFC Bank De-listed for Business Transactions by Punjab Government
The Punjab government has cut ties with HDFC Bank and has stopped doing any business transactions. This means no government department in Punjab is...
India Defies Global Trends, Sustains Strong Economic Growth: World Bank Report
The World Bank report states India’s economy to grow by 6.5% in FY26 and 6.7% in FY27. Despite global challenges, India is expected to...
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...