RBI Imposes ₹61.95 Lakh Penalty on Kotak Mahindra Bank for Regulatory Non-Compliance
The Reserve Bank of India (RBI) fined Kotak Mahindra Bank ₹61.95 lakh because the bank did not fully follow some banking rules. During an...
Centre to Raise Over ₹1,900 Crore by Selling Up to 3% Stake in Indian...
The government owns a large part of Indian Overseas Bank. Now, it plans to sell up to 3% of its shares in the bank...
RBI Sanctions Two Bank Mergers in Gujarat, Effective December 15, 2025
The Reserve Bank of India (RBI) has approved the merger of four cooperative banks in Gujarat. After these mergers, only two banks will remain....
Rs 33 Lakh Digital Arrest Scam Foiled; Elderly Gujarat Woman Saved
An elderly woman went to a Bank of Baroda branch in Ahmedabad feeling very scared and upset. She asked the bank staff to break...
ICICI Bank Plans to Maintain 51% Ownership Across All Its Listed Subsidiaries
ICICI Bank owns several companies that are listed on the stock market. The bank wants to keep at least 51% ownership in all three...
IDFC FIRST Bank Launches Its Latest Innovation: The FIRST WOW! Black Credit Card
IDFC FIRST Bank has introduced a new credit card called FIRST WOW! Black.It is an upgraded version of the earlier FIRST WOW! credit card...
RBI Grants In-Principle Approval for Fino Payments Bank’s Conversion to a Small Finance Bank
The Reserve Bank of India (RBI) has given Fino Payments Bank permission (called “in-principle approval”) to start the process of becoming a Small Finance...
Staggering Breach: Marquis Hack Puts Millions of Bank Customers at Risk
Marquis, a company that provides software and marketing tools to hundreds of banks and credit unions, was hacked in August 2025 through a security...
RBI Tightens Rules for Foreign Banks on Reporting Large Loans
The Reserve Bank of India (RBI) has tightened rules on how foreign banks operating in India must measure and report their large exposures (big...
Centre Starts Divestment in Bank of Maharashtra; 6% Stake Up for Sale at ₹54...
The Government of India is selling a part of its stake in Bank of Maharashtra through an Offer for Sale (OFS). This is a...