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World Bank Group Arm Set to Invest $60 Million in Visakhapatnam Sanitation Project

The International Finance Corporation (IFC) is giving financial help to the city of Visakhapatnam in India. They are investing up to USD 60 million (about Rs 498 crore) in Greater Visakhapatnam Municipal...

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 gold reserves. China’s Gold Reserves Rise to 74.02...

Canara Bank Securities Trainee Recruitment Notification 2025 – Apply by 06 Oct

The CBSL has released the notification for the CBSL Trainee Recruitment 2025, announcing openings for Trainee positions. The recruitment for Trainee positions at Canara Bank Securities in 2025 is now open. Individuals...

FSIB Nominates PNB Executive Director Kalyan Kumar for Union Bank of India MD & CEO Role

Mr. Kalyan Kumar who is currently the Executive Director of Punjab National Bank (PNB), has been proposed as the new MD & CEO of Union Bank of India. Mr. Kalyan Kumar was...

RBI’s Key Banking Rule Reforms Throughout 2025

The Reserve Bank of India (RBI) implemented a series of significant banking rule reforms throughout 2025. These regulatory updates affected various aspects of the financial system including digital payments, cooperative banks, NBFCs,...

RBI Reschedules Money Market Holiday as Eid Holiday Shifted to September 8 in Mumbai

The Government of Maharashtra has officially rescheduled the public holiday for Eid‑e‑Milad in Mumbai city and its suburbs, moving it from Friday, September 5, 2025 to Monday, September 8, 2025. This decision was made to ease the...

FSIB Nominates Bank of Baroda Executive Director Lalit Tyagi for Central Bank of India MD & CEO Role

Bank Of Baroda Executive Director Mr. Lalit Tyagi has been proposed as MD and CEO of Central Bank of India, replacing the earlier recommendation of Mr. Kalyan Kumar for that role. He...

Citibank Appoints Kaustubh Kulkarni as Co-Head of Investment Banking

Citibank has given Kaustubh Kulkarni a big new job as co-head of its investment banking team. He’ll be in charge of the business in countries like Japan, China, South Korea, Australia, and...

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 Bandhan Bank based on its financial position as...

ICICI Bank Appointed Anish Madhavan as Global Chief Compliance Officer, Effective 29 August 2025

ICICI Bank has announced a leadership change in its compliance function. Subir Saha, Group Chief Compliance Officer (GCCO) of ICICI Bank, has taken early retirement. His retirement takes effect from the close...