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...
Kotak Mahindra Bank CTO Quits Within a Year Amid Frequent Top-Level Exits
Bhavnish Lathia has resigned from his job as Chief Technology Officer (CTO) of Kotak Mahindra Bank less than one year after joining. He said...
Lifeline for MSMEs: ₹ 5,000 Cr Equity for SIDBI Approved
MSME Sector Gets a Lifeline! Govt Clears Rs.5,000 Crore Equity Infusion for SIDBI. The Union Cabinet approved a phased Rs 5,000 crore equity infusion...
No More Waiting: RBI Implements Same-Day Clearance Starting October 4
From October 4, 2025, cheques you deposit in banks like HDFC Bank, ICICI Bank and other Indian Banks will be cleared (processed) on the...
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,...
RBI Allows AU Small Finance Bank to Become Universal Bank; NOFHC Requirement Dropped for...
AU Small Finance Bank wants to convert from a Small Finance Bank into a Universal Bank (a full-service bank like big private banks). A...
RBI Fines PhonePe ₹21 Lakh for Violating PPI Norms
The Reserve Bank of India (RBI) recently imposed a penalty of ₹21 lakh on PhonePe for breaking certain rules related to digital wallets (also...
Property Auction by Banks in India – IBAPI (a common platform)
It was quite difficult to search for Banks Property Auction online by login each Bank's website. This was very time consuming and was also...
Conforming loan limit values for 2024 announced by the Federal Housing Finance Agency (FHFA)
A conforming loan limit value (low-cost area) and a baseline ("general") have been issued by the Federal Housing Finance Agency (FHFA) for conventional loans...
Venkatraman Venkateswaran, Appointed As New Executive Director Of Federal Bank
Federal Bank has appointed Venkatraman Venkateswaran as its new Executive Director. He was previously the Group President and Chief Financial Officer (CFO) of the...