MUFG to Acquire 20% Stake in India’s Shriram Finance for Rs 39,600 Crore
Japan’s largest bank group, MUFG Bank, is investing a huge amount of money—₹39,618 crore (about $4.4 billion) in Shriram Finance, an Indian non-banking finance...
Fire Breaks Out at SBI Branch: Short Circuit Destroys Bikes, Computers and Key Documents
A fire broke out early Saturday morning at a branch of the State Bank of India located in Janghai Bazaar under the Saraimamera police...
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...
ICICI Bank Appointed Anish Madhavan as Global Chief Compliance Officer, Effective 29 August 2025
ICICI Bank has announced a leadership change in its compliance function. Subir Saha, Group Chief Compliance Officer (GCCO) of ICICI Bank, has taken early...
Government May Sell Up to 20% Stake in 5 PSU Banks
Government's Plan for PSU Bank Stake Sale - The Indian government plans to sell up to 20% of its stake in five public sector...
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...
Government Considers Increasing FDI Limits in Public Sector Banks to Boost Capital Inflows
A report said that the Indian government is thinking about letting more foreign investment into public sector banks (PSBs). Right now, foreign investors can...
UFBU Announces Nationwide Bank Strike in India on 27th January
UFBU has issued a press release on January 22, 2026, calling for an all-India bank strike on January 27 to demand a five-day work...
RBI Proposes New Rules to Prevent Mis-selling of Financial Products by Banks
The Reserve Bank of India (RBI) has proposed new rules to stop banks from mis-selling financial products like insurance and mutual funds. Mis-selling means...
Orissa Government De-Empanels HDFC, ICICI and Axis Bank Over Poor Performance
On June 21, the Orissa government removed three private banks HDFC Bank, ICICI Bank, and Axis Bank from its list of empanelled banks over...