RBI Grants In-Principle Approval for Fino Payments Bank’s Conversion to a Small Finance Bank
The Reserve Bank of India (RBI) has given Fino Payments Bank permission (called “in-principle approval”) to start the process of becoming a Small Finance...
Jio Payments Bank to Implement MLFF Toll System on Gurugram-Jaipur Route
Jio Financial Services, through its subsidiary Jio Payments Bank, has won a government contract to install a new, high-tech toll collection system at two...
Recycled Bank Papers Turn Into Chaat Plates: Triggered Alarming Data Privacy Concerns
A man posted a photo online showing street food being served on a paper plate that appeared to be made from old bank documents....
Japanese Banks and Firms Begin Evacuations from Middle East Amid Iran Tensions
Japan’s largest banks are among the first global companies to evacuate staff from Dubai and other key financial centers in the Middle East, following...
UP Cyber Fraud: ₹58 Crore Scam via Rented Accounts, 5 Accused Arrested
Police in Balrampur district caught a big cyber fraud gang and arrested 5 criminals. This gang was running online scams across India. This gang...
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...
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...
HDFC Bank Places Two Senior Executives on Gardening Leave Amid Internal Investigation
According to Bloomberg, HDFC Bank , India’s biggest private bank, is investigating two of its senior employees because some customers said the bank mis-sold...
HDFC Bank issues India’s first Electronic Bank Guarantee (e-BG)
In partnership with National E-Governance Services Limited (NeSL), HDFC Bank, India's largest private sector bank, issued the country's first Electronic Bank Guarantee (e-BG).
Using the...
With Inflation Easing, Russian Central Bank Reduces Rate by 200 Basis Points
The Russian central bank has cut its main interest rate by 2% ( 200 basis points), bringing it down to 18%. This move was...
