IDBI Bank Disinvestment Process Is Ongoing said, Arunish Chawla
During an interview with ET Now Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM) shared the update about IDBI...
FSIB Nominates PNB Executive Director Kalyan Kumar for Union Bank of India ...
Mr. Kalyan Kumar who is currently the Executive Director of Punjab National Bank (PNB), has been proposed as the new MD & CEO of...
Saraswat Bank Announces Merger With New India Co-Operative Bank
Saraswat Co-operative Bank, India’s biggest urban co-operative bank, has announced it will merge New India Co-operative Bank which is currently facing financial distress. This...
What is EASE 4.0?
Ease 4.0 (Enhanced Access and Service Excellence) is launched on 25th August 2021 by Finance Minister Nirmala Sitharaman. It is a reform agenda for...
RBI Penalizes Bandhan Bank ₹44.7 Lakh for Rule Violations
The Reserve Bank of India (RBI) has fined Bandhan Bank ₹44.7 lakh because the bank did not fully follow certain rules and regulations.
RBI inspected...
No Financial Trouble Behind Karnataka Bank Top-Level Resignations: Assures CH Venkatachalam
CH Venkatachalam, the General Secretary of the All India Bank Employees Association (AIBEA), said that the recent resignations of the Managing Director (MD) and...
RBI’s latest guidelines on inoperative accounts and unclaimed deposits in banks
RBI has announced new rules to make it easier for people to reactivate old/inactive bank accounts or claim unclaimed money. RBI said that these...
RBI plans to ask banks to follow stricter rules for gold loans
Gold loans in India have been growing rapidly, increasing by 50% since September 2024, which is faster than the growth of overall loans. As...
Rs 36 Lakh Penalty on Citibank and IDBI, imposed by RBI
Two banks, IDBI and Citibank, will pay the penalty for violating RBI norms. RBI said that they imposed the penalty as the banks failed...
China’s Central Bank Buys Gold for 10th Consecutive Month in August
China’s central bank (called the People’s Bank of China) bought more gold in August, marking 10 months in a row of adding to its...
