The government plans to sell 1.55% of SUUTI’s stake in Axis Bank through the...
The government will sell 46.5 million shares, or the whole 1.55% ownership in the private lender Axis Bank, through an OFS for two days...
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...
The Finance Ministry reviews public sector banks’ performance in FY22
The Finance Ministry reviewed the operations of all the public sector banks (PSBs) for FY22 on Monday.
The Finance Ministry deeply observed the implementation status...
UFBU Oppose Finance Minister Nirmala Sitharaman’s Remarks on Privatization of Public Sector Banks
During a recent event at the Delhi School of Economics, the Finance Minister Nirmala Sitharaman seemed to support the idea of privatising banks. This...
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...
ACC Approves Kalyan Kumar as MD & CEO of Central Bank of India
The Appointments Committee of the Cabinet (ACC) officially approved the appointment of Kalyan Kumar as MD & CEO of Central Bank of India on...
Govt Orders Banks to Release PLI Despite CLC Advice
Recent reports indicate the Indian government, through the Department of Financial Services (DFS), has directed public sector banks (PSBs) to proceed with crediting Performance...
RBI approved the re-appointment of Sumant Kathpalia as MD & CEO of IndusInd Bank.
IndusInd Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as Managing Director and CEO for one...
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...
RBI Simplifies Loan Process: Drops ‘No Dues’ Certificate Requirement
The Reserve Bank of India (RBI) has proposed new rules under the Lead Bank Scheme to make it easier for people and businesses to...