SMFG Plans $1.1 Billion Investment in Yes Bank, Boosting Stake Further
Japan’s second-largest bank Sumitomo Mitsui Financial Group (SMFG) is planning to invest another $1.1 billion in Yes Bank. SMFG had already invested $1.6 billion...
Indian Overseas Bank Earns ISO 31000:2018 Tag, Leads Public Sector in Risk Management Standards
Indian Overseas Bank (IOB) celebrated Risk Awareness Day on March 2, 2026. On this day, the bank showed its strong commitment to improving how...
New Leadership at RBI: Sonali Sen Gupta Appointed as New Executive Director
Sonali Sen Gupta has been promoted to the position of Executive Director (ED) at the Reserve Bank of India (RBI), with her appointment becoming...
RBI Governor Asked Banks to Improve Services and Reduce Grievances
RBI governor Sanjay Malhotra, while speaking at the annual conference of the RBI Ombudsmen has asked all the Banks and the Financial Institution to...
HDFC Bank Unveils New Imperia Eligibility Rules: What Premium Customers Need to Know
Starting October 1, 2025, HDFC Bank will revamp its Imperia premium banking programme by adding a new eligibility option: maintaining a Total Relationship Value...
“I Was Forced to Leave”: Citigroup Senior Manager Alleges Sexual Harassment by Top Executive
Julia Carreon was a senior manager at Citigroup (Citi).She has filed a case (lawsuit) against the bank. She says that while working there, a...
Mall Construction Triggers Canara Bank Building Collapse in Agra, No Injuries Reported
A part of a Canara Bank branch building in Agra suddenly collapsed because construction work was happening nearby for a mall.
When people heard rumors...
Texas Banking Shakeup: Prosperity Bank’s $2B Stellar Acquisition
Prosperity Bancshares agreed to acquire Stellar Bancorp in a $2 billion cash-and-stock deal announced January 28, 2026, creating Texas's second-largest bank by deposits. This...
Finance Minister Urges Banks to Enhance Lending While Ensuring Profitability
Finance Minister Nirmala Sitharaman held an annual review meeting on Friday, June 27, with the heads of public sector banks (PSBs). She met with the...
HSBC Commits $1 Billion to Indian Startups Through Loans and Credit Lines
HSBC, a major international bank, is investing $1 billion to help startups in India grow. This funding will be provided through its innovation banking...
