Govt Breaks Tradition: Private Professionals Can Now Lead Public Sector Banks
For the first time in India, professionals from private banks are now allowed to apply for top leadership positions in government-owned banks. This includes...
Will the Longevity of Yes Bank get a Yes or No?
The Yes Bank Crisis had a major impact on the
Indian economy and financial market, even the stock market of India witnessed a
great shift in...
RBI Fines PhonePe ₹21 Lakh for Violating PPI Norms
The Reserve Bank of India (RBI) recently imposed a penalty of ₹21 lakh on PhonePe for breaking certain rules related to digital wallets (also...
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....
Woodford scandal: MPs call for FCA investigation
It is expected that Bob Blackman, chair of the all-party parliamentary group on personal banking and fairer financial services, will send a letter to...
World Bank extends unconditional loan of $250 million for SALT project in Andhra Pradesh
The World Bank (WB) has extended an unconditional loan of $250 million to the Supporting Andhra's Learning Transformation (SALT) project in recognition of the...
Rupee collapse to record low against US dollar
Indian rupee reached a record low in trading in the early hours of trade today amid a sharp rise in crude oil prices around...
Public sector banks to open 316 branches in financial inclusion drive
In order to promote financial inclusion, Indian public sector banks plan to open approximately 300 physical branches by the end of 2022, according 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...
The New Development Bank (NDB) to open its first regional office in India
The Shanghai-based multilateral bank of the Brics countries, The New Development Bank (NDB), is set to open its first regional office in India at...