Latest Stories

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" and is seeking public and stakeholders feedback until...

ICICI Bank Hikes Minimum Balance to ₹50,000 for New Customers; Existing Customers Unaffected

ICICI Bank has increased the monthly average balance (MAB) requirements for new savings account holders, starting from August 1, 2025. In Metro or Big Cities new customers must maintain a monthly average...

ICICI Bank To Pay Over ₹1 Crore in SIM Swap Cyberfraud Case

On 31 July 2025, the tribunal (legal panel) ordered Vodafone and ICICI Bank to jointly pay over Rs 1.20 crore (compensation + penalties) to an Ahmedabad-based company named Collective Trade Links Private...

Indian Banking Sector Q1 FY2025-26 Results: An Overview

The Indian banking sector delivered a mixed performance in the first quarter of FY26 (April-June 2025), with most major banks reporting profits despite facing challenges from margin pressures and asset quality concerns....

Regulatory Breach Costs ICICI Bank ₹75 Lakh as RBI Tightens Oversight

The Reserve Bank of India (RBI) has imposed a hefty penalty of ₹75 lakh on ICICI Bank Limited for non-compliance with key regulatory guidelines related to property valuation and the opening of current...

Punjab and Sind Bank Recruitment for Physiotherapists 2025 – Submit Applications Offline

The Punjab and Sind Bank has issued a notification regarding the hiring of a Physiotherapist. Candidates who meet the eligibility requirements and are interested in the details of the vacancy may review...

AU Small Finance Bank Set to Grow Bigger with RBI’s Universal Bank Approval

AU Small Finance Bank has received special permission from the Reserve Bank of India (RBI) to become a universal bank. This means the bank can now offer a full range of banking...

The Bank of England Cuts Interest Rates to a Two-Year Low: What It Means for the Global Economy

The Bank of England has recently cut its benchmark interest rate to the lowest level seen in two years, a move that is reverberating across global markets and currency exchanges. This policy...

RBI Keeps Repo Rate Unchanged in Latest MPC Meeting

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) met from August 4 to August 6 and made an important decision about interest rates. The MPC decided not to...

Tamil Nadu Cooperative Institutions / District Central Cooperative Bank Recruitment 2025 Notification

The Tamil Nadu Cooperative Institutions / District Central Cooperative Bank has initiated the online application process for various positions throughout the state. Prior to submitting applications for these positions, applicants should possess...