PSU Banks Recapitalisation Plans to start by February 2018
Last October 2017, the Indian finance ministry had announced Rs.2.11 lac crore recapitalisation plan for public sector banks. The senior official recently told that...
RBI Plans New Intelligence Platform (DPIP) to Strengthen Digital Payment Security
The Reserve Bank of India (RBI), and the country’s biggest public and private banks are working together to create a smart system called the...
Bandhan Bank Q2 FY26 Result: Reports Weak Financial Results, Profit fell about 70%
Bandhan Bank announced financial results for the July–September 2025 quarter (Q2 FY26). Bandhan Bank’s profits fell sharply because of more bad loans and lower...
Viksit Bharat Push: Government Committee May Review Key Banking Sector Issues
The government has formed an important committee to study and review India’s banking system. The committee will look at several issues, to help achieve...
Rupee Falls past 80 Per Dollar For First Time, Recovers After RBI Intervenes
The Indian rupee total hit a record low for seventh straight session straight by falling to 80 per US dollar but went on to...
One State One RRB To Be Implemented Soon
The Finance Ministry is ready to implement "One State-One RRB" in which 15 Regional Rural Banks (RRBs) operating in various states will be merged....
United Forum of Bank Unions Wrote Maharashtra CM Seeking Security of Bankers
The United Forum of Bank Unions (UFBU) wrote a letter to Maharashtra CM Devendra Fadnavis to ensure the security of banking officials after some...
Despite Climate Warnings, Big Banks, Including SBI, Poured $869 Billion into Fossil Fuels in...
Climate experts recorded 2024 as the hottest year ever, highlighting the need for immediate Climate Action. Still in 2024, the world’s 65 largest banks...
HDFC Bank Hit by DFSA Sanctions in Dubai, No New Clients Allowed at DIFC...
HDFC Bank's DIFC branch (located in the Dubai International Financial Centre) has been restricted by the Dubai Financial Services Authority (DFSA). DFSA took this...
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...