RBI Assures No Cause for Concern, Confirms IndusInd Bank’s Strong Capitalisation
The Reserve Bank of India (RBI) assured IndusInd Bank depositors of the bank's financial stability, following speculation about its financial health and confirmed that...
RBI’s new measures to improve liquidity in the banking system
The Reserve Bank of India (RBI) has announced new steps to ease the tight liquidity (cash) situation in banks. It will carry out OMO...
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...
IDBI Bank Privatisation Nears Completion: A Transformative Shift in India’s Banking Sector
The Indian government is on the brink of finalising one of its most significant financial reforms—the privatisation of IDBI Bank. Reports indicate that the...
ICICI Bank To Pay Over ₹1 Crore in SIM Swap Cyberfraud Case
On 31 July 2025, the tribunal (legal panel) ordered Vodafone and ICICI Bank to jointly pay over Rs 1.20 crore (compensation + penalties) to...
Finance Ministry Meets PSB Chiefs Over Q1 Results, SBI Tops with ₹44,218 Crore Profit
On Wednesday, Finance Ministry held a meeting with the heads of public sector banks to review their financial performance for the first quarter (April–June)...
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...
RBI Fines PhonePe ₹21 Lakh for Violating PPI Norms
The Reserve Bank of India (RBI) recently imposed a penalty of ₹21 lakh on PhonePe for breaking certain rules related to digital wallets (also...
Chennai Private Bank Employees Arrested for Embezzling Over ₹8 Crore
Three employees of a private bank in Anna Nagar, Chennai have been arrested by the Central Crime Branch (CCB). The accused are Deputy Manager...
HDFC Bank Launches Project HAKK (Hawai Anubhavi Kalyan Kendra) to assist IAF Veterans
HDFC Bank signed an agreement (MoU) with the Indian Air Force through the office of the Assistant Chief of Air Staff – Accounts &...