The Office of the Comptroller of the Currency on Tuesday said a February hack of its email systems qualified as a “major incident” and exposed “highly sensitive information.”

‘The current cycle of Indian microfinance appears to be approaching its conclusion, with AQ indicators showing improvement across various MFIs’

This is second such rate cut in as many RBI MPC meets in line with the market expectations which speculated that the rate cut would fall in the range of 25 bps to 50 bps

NPCI allowed to revise transaction limits for person-to-merchant (P2M) payments on the Unified Payments Interface.

The primary focus of CLA scheme is to improve the flow of credit to the unserved and underserved sector of the economy and make available funds to the ultimate beneficiary at an affordable cost, considering the lower cost of funds from banks and greater reach of the NBFCs

The RBI has expressed its displeasure over lapses by Bajaj Finance in its credit card business, and cited the NBFC's inability to maintain internal controls and processes for clients, adding that it has not proactively identified gaps to prevent data leakage.

This expansion takes the total number of empanelled banks to 32, allowing direct payments and improving access for employers.

Thw warning letter was in connection with custody operations

Veteran bankers Dinesh Khara, SS Mundra, and Srinivasan Varadarajan, discuss the impact on deposit growth, rising funding costs, and the need for banks to rethink their business models.

Charlie Javice and Olivier Amar, whose student loan application fintech Frank was purchased by JPMorgan Chase for $175 million in 2021, were found guilty Friday of defrauding the bank by greatly inflating Frank’s customer numbers.

Digital payment users in India experienced issues with online transactions due to intermittent declines linked to banks' financial year-end closing

The country's 3rd largest lender has managed an impressive growth with a drastic drop in attrition.

ATM interchange fees have increased, benefiting larger banks with extensive networks, while smaller banks face higher costs. Explore how banks can optimize ATM networks and manage fees for profitability.

India’s banking sector is facing an unusual dilemma—one that threatens profitability and long-term sustainability.

Ensuring data privacy & compliance for banks to align with global standards like GDPR & DPDPA

Accountants warn of complacency as AI supercharges cyber threats to banks

SBI mobile banking services experienced disruptions for the second time in March due to technical issues.

Non-bank lending, a growing yet often misunderstood sector, provides valuable services outside traditional regulatory frameworks, but comes with its own perils.

As artificial intelligence continues to reshape mortgage industry, are brokers ready?

The IRS' crime fighting arm —IRS Criminal Investigation— is announcing a new program intended to improve how it interacts with financial institutions.

UN financial agency report released by RBI calls for enhanced supervision of individual loans

.Deadline of 6 banks’ special fixed deposit ends on March 31, 2025

State-run banks are grappling with elevated levels of bad loans in their credit card portfolios.

That could in turn threaten a precarious U.S. economy — and open further opportunities for alternative lenders