Ex-World Bank Economist Poonam Gupta, Appointed as New RBI Deputy Governor
On April 2, 2025 RBI appointed Dr Poonam Gupta as the new RBI Deputy Governor (DG) for three years from the date of joining....
Executives Urge RBI To Lower CRR To Ease Banking System Liquidity
A pre-policy review consultation meeting was held on March 31, 2025, in Mumbai with bank treasury officials and asset managers. In the meeting executives...
Yes Bank Faces A Tax Demand Notice of Rs 2209 Crore
Yes Bank confirmed that it has received a demand notice from Income Tax Department for the assessment year 2019-2020. The Income tax department reopened...
China Banks To Raise 520 Billion To Boost Financial Strength
State banks of China are raising massive funds up upto Rs 520 billion yuan to boost the financial strength of the country. The Chinese...
Despite Being Eid-Ul-Fitar, Banks To Remain Operational From March 29 to March 31
In circular issued on Monday, RBI said that banks will be operational for a special cheque-clearing session till 31st March, 2025. Since March 30...
SBI Chairman CS Setty As the New Chairman of IBA
The managing committee of Indian Bank's Association (IBA) has elected CS Setty as the new Chairman. Setty wil serve IBA as the chairman until...
Deutsche Bank Chairman: Germany To Get €1 trillion ($1.1 trillion) For Free
In a panel discussion organized by the Institute of International Finance, Deutsche Bank AG Chairman Alexander Wynaendts, said that Germany will receive an additional...
RBI Fined HDFC Bank and Punjab & Sind Bank for Violating KYC Norms
RBI has imposed penalties on two banks for not following proper Know Your Customer (KYC) guidelines. RBI
want to enforce strict regulatory rules in...
Growing Uncertainty Drives Wealthy Americans to Open Swiss Bank Accounts
Rich Americans are transferring large sums of money out of the country. This money is being transferred to countries like Switzerland, Jersey and Guernsey....
RBI Approved a Hike in ATM Interchange Fees
RBI raised ATM interchange fees by Rs 2 for financial transactions (like cash withdrawals) and Rs 1 for non-financial transactions (like balance inquiries). This...