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BANKING AND FINANCE NEWS
Standard Chartered Bank, CCIL IFSC Ltd and IFSCA to launch real-time dollar settlement platformSubscriber Only
September 26, 2025 04:08 IST
The platform will facilitate the real-time settlement of dollar-denominated trades in the GIFT City. Currently, settlement of US dollar-denominated trades takes a few hours.
Digital arrest scam: Even as MHA, RBI act to curb cyber fraud, citizens lose over Rs 2,500 crore in 2 yearsSubscriber Only
September 16, 2025 09:38 IST
Banks, regulators race to contain rising scam
RBI Governor to hold open house for staff to boost functioningSubscriber Only
September 12, 2025 03:58 IST
In the open house, to be held between 10-10:30 am on all working days, employees can interact with the Governor without any prior appointment, according to an internal circular issued to the staff.
SBI, Bank of Baroda and Indian Overseas Bank reduce MCLRSubscriber Only
August 15, 2025 21:58 IST
Introduced on April 1, 2016, MCLR is the minimum interest rate below which banks and non-banking finance companies (NBFCs) cannot lend.
RBI asks banks to clear cheques within hours starting October 4Subscriber Only
August 14, 2025 01:21 IST
Currently, the Cheque Truncation System (CTS) clears cheques in one or two working days, depending on when they are deposited.
EPFO Face Authentication norms: Staffing companies flag issues with implementation of new rules for UAN generationSubscriber Only
August 10, 2025 07:46 IST
The new requirements for FAT pose significant hurdles for staffing companies managing large, dynamic workforces, the ISF said in a letter to the EPFO chief
ICICI Bank sharply hikes minimum monthly balance in accounts to Rs 50,000: Check penalty rates for non-complianceSubscriber Only
August 9, 2025 12:34 IST
ICICI Bank MAB hike: The hike in MAB by ICICI Bank has been steep in all the locations.
HDFC Bank Chairman asks private sector to do heavy lifting, cautions on global uncertaintiesSubscriber Only
August 8, 2025 23:09 IST
“Major economies showed signs of slowing down, with global GDP growth at 3.3 per cent for year 2024. The geopolitical tensions in several parts of the world continue to affect global supply chains and commodity prices,” Chakraborty said.
PSBs have 33,000 vacancies, use 1 lakh contractual and outsourced workersSubscriber Only
August 5, 2025 05:35 IST
Data provided by the finance ministry to the Rajya Sabha in July showed that the number of employees at PSBs had declined by 4% in the last five years: from 7.9 lakh in 2020-21 to 7.58 lakh in 2024-25
Govt to invite financial bids for IDBI stake sale by December: DIPAM SecretarySubscriber Only
August 2, 2025 00:50 IST
Successful bidder to be announced by March 2026
Debt on Plastic: Credit card delinquencies surge 44% to Rs 33,886 crore amid rising consumer spendingSubscriber Only
July 28, 2025 05:20 IST
These trends signal both short-term and long-term stress in the unsecured credit market, especially as consumers lean heavily on plastic for everyday and discretionary spending.
Nagaraju asks banks to raise capital, lend more
July 26, 2025 03:55 IST
'Banks and financial institutions need to explore and expand various avenues of raising capital'
Free UPI has borne good fruits, but cost of service has to be paid: RBI Governor Sanjay MalhotraSubscriber Only
July 25, 2025 22:42 IST
The Indian government has repeatedly rejected talk of a fee being charged on UPI transactions in the future.
RBI repo rate cut transmission: Public sector banks ahead of private lenders in lowering ratesSubscriber Only
July 24, 2025 12:30 IST
The savings deposit rates of some PSBs are prevailing at a historical low, since their deregulation in 2011, the ‘State of Economy’ article published in the RBI’s July bulletin said.
Public sector banks wrote-off Rs 12.08 lakh crore loans since FY16 | check bank-wise dataSubscriber Only
July 23, 2025 19:30 IST
PSB Loan Write Off India: Public sector banks (PSBs) have written off loans worth Rs 12.08 lakh crore since FY16. In a written reply to Rajya Sabha on July 22, MoS for Finance Pankaj Chaudhary said that such write-off does not result in waiver of liabilities of borrowers and therefore, it does not benefit the borrower.
RBI’s record banking system fund infusion is not boosting loan growthSubscriber Only
July 20, 2025 07:49 IST
NOMURA sees loan growth falling to 7-8% by March 2026
RBI bans foreclosure charges on floating rate loans to MSEs: How will it benefit small businesses?Subscriber Only
July 3, 2025 16:47 IST
The RBI said its supervisory reviews have indicated divergent practices amongst regulated entities with regard to levy of pre-payment charges in case of loans sanctioned to MSEs which lead to customer grievances and disputes.
Odisha curbs on HDFC, ICICI and Axis Bank: Pvt lenders under scanner for poor show in govt schemesSubscriber Only
June 26, 2025 06:47 IST
According to a letter issued by Saswata Mishra, Principal Secretary of the Finance Department, Odisha government, the decision was driven by the banks' "consistently poor performance" in key flagship schemes over the past two financial years, along with "generally unsatisfactory banking parameters".
HDFC Bank CEO moves Bombay HC to quash FIR based on Lilavati Trust’s complaint over ‘Rs 2 crore bribe’
June 19, 2025 01:23 IST
The FIR filed by Lilavati Kirtilal Mehta Medical Trust was baseless and malicious, HDFC Bank CEO Sashidhar Jagdishan claimed.
HDFC Bank says it has commenced legal action against Lilavati Trust over loan default issueSubscriber Only
June 12, 2025 05:12 IST
The Trust had last week called for the suspension and prosecution of HDFC Bank MD and CEO Sashidhar Jagdishan, accusing him of involvement in a series of financial frauds concerning the Trust.
India ‘shared deep concerns’ on ADB’s $800-mn loan to PakistanSubscriber Only
June 5, 2025 04:12 IST
ADB on Tuesday approved a $800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan.
EPFO head office flags ‘exceptionally high’ rejection of higher pension applicationsSubscriber Only
May 29, 2025 05:28 IST
EPFO has issued 3.68 lakh demand orders, 34,500 PPOs as of March 31
Student remittances under LRS in FY2025 lowest in five yearsSubscriber Only
May 24, 2025 07:56 IST
Student remittances had peaked at $4.98 billion in FY2019-20, just before the pandemic, when Indian students were flocking to foreign universities in large numbers.
RBI Board reviews Economic Capital Framework; dividend to govt may rise up to Rs 3 lakh croreSubscriber Only
May 16, 2025 04:26 IST
The central board of the RBI is likely to meet on May 23 to determine the dividend amount to be transferred to the government for FY25, in line with the revised Economic Capital Framework.
Audit firm hints at insider trading by former IndusInd Bank officialsSubscriber Only
May 8, 2025 22:36 IST
"Considering that employees had knowledge of incorrect accounting and/or its impact but traded in shares of IBL during the period may also require a determination from an insider trading perspective," it said.
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