RBI launched the CDBC Pilot Project this November
The central bank, the Reserve Bank of India, has launched a pilot project on Central Bank Digital Currency (CDBC). The platform on which the...
Punjab & Sind Bank Officers Call Nationwide Strike on May 19 Over Policy Disputes
In a significant move that could shake up banking operations across India, over 5,000 officers of Punjab & Sind Bank are planning a one-day...
MTNL Defaults on ₹8,300 Crore Debt Owed to Multiple Lenders
MTNL (Mahanagar Telephone Nigam Limited), the state run telecom company has failed to repay loans to multiple banks. These loan defaults happened between August...
India Post Payments Bank (IPPB) IPO Could Launch by March 2026
India Post Bank will go public soon. India Post Payments Bank (IPPB) plans to launch its IPO by next year. Meanwhile, discussions are being...
Major GST reform shuns over 177 items from 28% slab
Goods and Services Tax (GST) council has declared a major change in the tax slab rates on over 177 items that were imposed 28%...
India-Pakistan Tensions Rise; Finance Minister Meets with Financial Sector Heads
On 9th May, 2025 Finance Minister Nirmala Sitharaman held a meeting to review the cybersecurity readiness of banks and financial institutions. The goal is...
RBI Fined HDFC Bank and Punjab & Sind Bank for Violating KYC Norms
RBI has imposed penalties on two banks for not following proper Know Your Customer (KYC) guidelines. RBI
want to enforce strict regulatory rules in...
RBI Approved a Hike in ATM Interchange Fees
RBI raised ATM interchange fees by Rs 2 for financial transactions (like cash withdrawals) and Rs 1 for non-financial transactions (like balance inquiries). This...
HDFC Bank Hits A Milestone, With Its Market Value Crossing ₹15 trillion For The...
HDFC became the third Indian Company after crossing the ₹15-trillion market capitalisation mark for the first time on Tuesday. In last six trading days,...
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...