From 1 August 2025, new rules for the Unified Payments Interface (UPI) have officially come into effect. The National Payments Corporation of India (NPCI) has made new rules to improve how UPI...
IndusInd Bank has officially announced that Jyoti Prasad Ratho who was in charge of internal audit, has retired and is no longer part of the bank’s senior management team (also known as...
According to a Reuters report Deutsche Bank is thinking about selling its retail banking operations in India and has asked both Indian and international banks to place their bids. If the sale...
On July 31, the Enforcement Directorate (ED) has, for the first time, conducted a search operation in the Andaman and Nicobar Islands. he operation was linked to a suspected financial fraud at...
Recently, a new Board of Directors was elected to lead the Visakhapatnam Cooperative Bank (VCB). This team came together and selected J.V. Satyanarayana Murthy as the Chairman and Chalasani Raghavendra Rao as...
Canara Bank Managing Director and CEO, K Satyanarayana Raju, in a telephonic interview with Anupreksha Jain of Business Standard, said that the bank plans to recruit individuals who are proficient in local...
Hari Gopalkrishnan is appointed as a new Chief Technology Officer. He has worked at Bank of America since 2011. Before that, Hari held senior tech positions at Citigroup. Hari Gopalkrishnan is appointed...
By the end of June 2025, RBI stated that all banks in India including public sector and private banks together held ₹67,003 crore in unclaimed deposits. Out of this, Public sector banks...
Canara Bank has given more loans to priority sectors (like farming, small businesses, etc.) than required under the Priority Sector Lending (PSL) rules in the current quarter (July to September 2025). These...
Zubin Mody, who was the Chief Human Resources Officer (CHRO) has resigned after serving the company for two decades. He submitted his resignation on July 25, 2025 and will take effect on...
