Bank Correspondents Association in Tiruchi Appeals to Collector for Commission and Salary Support
Members of the Bank Business Correspondents Association in Tiruchi have asked the District Collector to help them get their commission and basic salary, which...
HDFC Bank Punishes 12 Employees for Wrongly Selling Credit Suisse AT1 Bonds
HDFC Bank punished 12 employees, including senior leader Ashish Parthasarathy, because they were involved in selling risky bonds (called AT1 bonds) to customers in...
MCLR Hike: Canara Bank Revises Lending Rates Effective Thursday
Canara Bank has decided to increase the interest rates it charges on some loans. The bank will raise its MCLR (Marginal Cost of Funds...
AI Threat Concerns Rise: Nirmala Sitharaman Holds Urgent Talks with Bank Heads on Anthropic...
Nirmala Sitharaman held a meeting with top bank officials because of concerns about new Artificial Intelligence (AI) risks. A company called Anthropic has developed...
Axis Bank Places Bid to Acquire 66.28% Stake in CreditAccess Grameen
Axis Bank is planning to buy CreditAccess Grameen, which is one of India’s largest microfinance companies. The main owner of the company, CreditAccess India...
₹4,500 Crore Mega Deal! Kotak Mahindra Bank Likely to Acquire Deutsche Bank’s Retail Operations
Kotak Mahindra Bank is planning to buy the retail (individual customer) business of Deutsche Bank in India for about ₹4,500 crore. As per The...
Himachal Pradesh State Co-operative Bank Wins Centre’s SHG Linkage Award for the Third Time
The Himachal Pradesh State Co-operative Bank received a National Award for its excellent work in connecting Self-Help Groups (SHGs) with banks. This award was...
CAG Report: Many IPPB Accounts Opened Without Checking Mobile Numbers
A report by the government auditor, the Comptroller and Auditor General of India (CAG), has found several problems in India Post Payments Bank (IPPB)....
YES Bank Names Vinay Muralidhar Tonse as MD and CEO for 3 Years
YES Bank has appointed Vinay Muralidhar Tonse as its new Managing Director (MD) and Chief Executive Officer (CEO) for three years. This appointment was...
Reserve Bank of India Cancels Paytm Payments Bank Licence Over Rule Violations
The Reserve Bank of India (RBI), which controls and supervises banks in India, has cancelled the licence of Paytm Payments Bank Limited. This means...
