Two banks, IDBI and Citibank, will pay the penalty for violating RBI norms. RBI said that they imposed the penalty as the banks failed to follow certain rules and regulations.
As per...
United Forum of Bank Unions (UFBU) announced that a adjourned conciliation meeting took place today morning. UFBU said that the meeting was based on our demands and issues. The positive discussion took...
Shri Indranil Bhattacharyya is appointed as a New Executive Director by RBI, starting March 19, 2025. Highlighted points of the announcement:
Role of Shri Indranil Bhattacharyya:
As ED Shri Indranil Bhattacharyya will oversee the...
RBI governor Sanjay Malhotra, while speaking at the annual conference of the RBI Ombudsmen has asked all the Banks and the Financial Institution to stop calling their customers repeatedly for KYC submission....
The United Forum of Bank Unions (UFBU) has confirmed for a nationwide strike on March 24 & 25 after Indian Banks' Associations (IBA) failed to ressolve the issue demanded. The strike will...
After accepting government backed savings schemes like Public Provident Fund and Sukanya Samriddhi Account now HDFC Bank is ready to add Seniors Citizens Saving Scheme (SCSS) in its portfolio. HDFC Bank will...
Yes Bank launched its Goods and Services Tax (GST) payment facility on Friday, March 14, 2025, enhancing its digital banking services. The service is authorised by the Government of India.
How New...
Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya (SCSVMV) Deemed to be University inaugurated the Central Bank of India sponsored FinTech Lab on Wednesday, March 12, 2025.
Highlights of the Inauguration Ceremony:
- The ceremony started with...
The Reserve Bank of India (RBI) assured IndusInd Bank depositors of the bank's financial stability, following speculation about its financial health and confirmed that IndusInd Bank remains well-capitalised and financially stable, with...
As of March 2025, several major banks, including HDFC Bank, Bank of Baroda, Punjab National Bank (PNB), Canara Bank, and IDBI Bank, have revised their lending rates. These changes can impact loans...
