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Orissa Government De-Empanels HDFC, ICICI and Axis Bank Over Poor Performance

On June 21, the Orissa government removed three private banks HDFC Bank, ICICI Bank, and Axis Bank from its list of empanelled banks over poor performance in government schemes and general banking...

RBI Plans New Intelligence Platform (DPIP) to Strengthen Digital Payment Security

The Reserve Bank of India (RBI), and the country’s biggest public and private banks are working together  to create a smart system called the Digital Payment Intelligence Platform (DPIP). This new system...

Did You Know? Chanda Kochhar Once Suggested an HDFC–ICICI Merger, Says Deepak Parekh”

HDFC Ltd was India’s first big housing finance company, started in 1977. Interestingly, ICICI (which later became ICICI Bank) helped set up HDFC in the beginning. Years ago, before the merger of...

Despite Climate Warnings, Big Banks, Including SBI, Poured $869 Billion into Fossil Fuels in 2024

Climate experts recorded 2024 as the hottest year ever, highlighting the need for immediate Climate Action. Still in 2024, the world’s 65 largest banks gave $869 billion to companies that work with...

HDFC Bank’s Subsidiary, HDB Financial Services, Announces IPO Launch on June 25

HDB Financial Services, which is owned by HDFC Bank, is launching its Initial Public Offering (IPO) on June 25, 2025. This IPO is expected to be the largest ever in India’s non-banking...

Indian Funds in Swiss Banks Surge to ₹37,600 Crore, More Than Tripling in a Year

In 2024, Indians put about 3.5 billion Swiss francs (around ₹37,600 crore) into Swiss banks. This is the highest amount since 2021 and more than three times the ₹11,200 crore deposited in...

why is Canara Bank Trending in Google?

Canara Bank recently implemented significant changes impacting a large number of customers. As a result, it has become one of the most searched topics on Google this week The following changes have been...

HDFC Bank CHRO, Vinay Razdan Resigned, Effective June 18, 2025.

Vinay Razdan, the Chief Human Resource Officer (CHRO) of HDFC Bank, has resigned. His resignation is effective from the end of business hours on June 18, 2025. The bank shared the news...

Jio Financial Services Acquires Full Ownership of Jio Payments Bank by Purchasing SBI’s ₹104.5 Crore Stake

Jio Financial Services (JFS), led by Mukesh Ambani, bought over 7.9 crore shares of Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI). Earlier, Jio Financial Services held 82.17% of...

Yes Bank Bags ₹78 Crore, Thanks to Security Receipts

YES BANK has received ₹78 crore from its investment in security receipts. This represents a substantial boost to the bank's cash inflow. On June 17, 2025 YES BANK made the announcement under...