The PNB Fraud worth Rs.11,400 crore: How it Happened?
India's second biggest Public Sector Unit, Punjab National Bank detected fraud transactions worth Rs.11,400 crore ($1.77 billion) at one of its Mumbai Branches. This...
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 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...
Government to Hold Two-Day ‘Manthan’ Meeting with PSBs on Sept 12–13, Plans Future Roadmap...
The Indian government is holding a special two-day meeting with public sector banks (PSBs) on September 12 and 13, called "Manthan". This is the...
RBI Plans to Simplify Claim Process for Deceased Bank Customers
The RBI has released a draft circular titled "Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025"...
RBI ALLOWED BHARAT BILL PAYMENT SYSTEM TO PROCESS CROSS-BORDER
To senior citizens whose children live abroad The Reserve Bank of India has given a good news. As the problem that senior citizens living...
Six Leading Investment Banks to Handle SBI’s ₹25,000 Crore QIP
State Bank of India (SBI), the country’s largest and most valuable government-owned bank. It now wants to raise up to ₹25,000 crore to support...
IndusInd Bank’s Internal Audit Chief Jyoti Prasad Ratho, Retires
IndusInd Bank has officially announced that Jyoti Prasad Ratho who was in charge of internal audit, has retired and is no longer part of...
Priscilla Muthoora Thakoor Appointed as First Female Governor of the Bank of Mauritius
On 25 September 2025, Dr Priscilla Muthoora Thakoor was appointed Governor of the Bank of Mauritius, for a three‑year term from 29 September 2025....
IndusInd Bank hired Pankaj Sharma as the Head of Business Transformation.
According to a report by Moneycontrol, IndusInd Bank, a private bank in India, has hired Pankaj Sharma as the Head of Business Transformation.. This...