Latest Stories

RBI imposes restrictions on Mumbai-based Bank, caps withdrawal amount

On Monday Reserve Bank of India imposed several directions to Raigad Sahakari Bank Mumbai. These constraint include an upper limt on withdrawal cap of ₹15,000 per customer, cause of decline in the...

RBI needs global support to regulate the cryptocurrency ban

The Reserve Bank of India has been prominent with its views on digital assets like cryptocurrency. The RBI will need global support to regulate the cryptocurrency ban. Today, Finance Minister Nirmala Sitharaman...

How to Activate SBI Whatsapp Banking

SBI has publicize its plans to introduce WhatsApp based banking to its customers. The SBI chairman Dinesh Khara made an announcement while launching some retail initiatives. The chairman introduce their plans to...

Government plans to start next round of public sector bank mergers

The government plans to begin the next round of public sector bank mergers after analysing a comprehensive study that has been commissioned on the outcome of combination in state-run banks, a senior...

IBA seeks bids from advisory firms for designing leadership development programme for PSBs

Industry body IBA (Indian Bank association) has invited bids from advisory firms and institutes to design and deliver a leadership development programme for public sector banks (PSBs) to prepare a pipeline of...

DBS Bank India acquires a 9.9% stake in NBFC Svakarma

DBS Bank India Ltd. has acquired a 9.9% stake in Svakarma Finance. Svakarma Finance is a non-deposit-taking, non-Banking Finance company. DBS Bank aims to deliver financial solutions to micro-enterprises through direct lending...

The Finance Ministry reviews public sector banks’ performance in FY22

The Finance Ministry reviewed the operations of all the public sector banks (PSBs) for FY22 on Monday. The Finance Ministry deeply observed the implementation status of various government-sponsored financial inclusion, MSME, and agricultural...

RBI lifts an 11-month ban on the issue of new cards by MasterCard and surges the limit of e-mandates for transactions up to INR...

The RBI has lifted the 11-month ban on the issue of new cards by MasterCard. It was initially proposed due to the compromised regulatory compliances on data storage guidelines. The RBi...

A Nationalised Bank Employee is exempted from Rotational Transfer by the Allahabad High Court

The Allahabad High Court recently rejected the transfer order of a Central Bank of India employee as his wife is permanently disabled with 100% disability. The bench of Justice Rajesh Singh Chauhan...

The World Bank cuts India’s Economic Growth Forecast to 7.5pc for FY23

On Tuesday, the World Bank cut down India's Economic Growth Forecast for FY23 to 7.5%. The World Bank mentioned the reason for such a massive drop as rising inflation, disruptions in the supply...