The funds will be used by the Jio Finance to "finance its business operations”

Basel III monitoring exercise

Two bank regulators and the head of the Senate Banking Committee have called to put an end to a regulatory focus on reputational risk this month.

The case was registered against the former branch manager of SBI's Ramakrishnanagar Branch in Karimganj

As hundreds of U.S. bank branches have been marked for closure this year, some concern has been raised as to what this means for Americans, particularly those with limited access to the internet and online banking.

Shadow banking goes from hedge funds to peer lending and mobile payments

SBI's C S Setty was on Friday elected as the chairman of Indian Banks' Association.

US president Donald Trump has signed executive orders to ‘modernise how the government handles money’ and centralise a ‘fragmented’ federal disbursements bureaucracy to tackle fraud.

As India’s war on cash wages on, mobile wallets continue to reap the rewards.

The latest regulations mandate banks, Payment Service Providers (PSPs), and third-party UPI service providers like PhonePe, GPay, and Paytm to adhere to specified measures concerning numeric UPI IDs.

The app offers a secure user experience with biometrics and controls and will continue being adaptable to their customers’ needs and to the market conditions.

The RBI on Friday held a conference for the large-sized NBFCs in Chennai, where over 200 participants were present

The RBI on Friday held a conference for the large-sized NBFCs in Chennai, where over 200 participants were present

While customers are parking funds in higher-yielding fixed deposits or other equity market instruments, the efficiencies in corporate- and government-backed companies have led to a fall in banks’ CASA ratio.

While customers are parking funds in higher-yielding fixed deposits or other equity market instruments, the efficiencies in corporate- and government-backed companies have led to a fall in banks’ CASA ratio

This collaboration aims to utilise PSB Alliance’s digital platform to provide end-to-end, paperless financing solutions for participants in the supply chain

A bank can charge its customers up to ₹23 per transaction (currently ₹21) if his transactions exceed the mandatory free transactions at either its own or another bank’s ATM, RBI said in a circular.

Hitesh Mehta, accused in the Rs 122-crore embezzlement case at New India Cooperative Bank, will undergo a brain-mapping test for further investigation. Despite undergoing a lie detector test, little information was gleaned, prompting this next step. Seven individuals have been arrested so far, with others still at large.

IndusInd Bank denies media reports suggesting the RBI asked its CEO and Deputy CEO to step down due to accounting issues. The bank, which revealed a significant overvaluation of its derivatives portfolio, has appointed external investigators to probe the matter. IndusInd asserts that the claims and information circulating are entirely inaccurate and misleading.

IndusInd Bank has appointed Grant Thornton to conduct a forensic review of accounting lapses detected this month and to investigate potential fraud or internal misstatements. The bank disclosed a 2.35% overvaluation of its derivatives portfolio, violating Reserve Bank of India rules

The recent modifications to the Performance-Linked Incentive (PLI) program for top bank executives made by the Department of Financial Services (DFS), which is part of the Finance Ministry, have been vehemently challenged by the All India Bank Employees' Association (AIBEA). According to the union, the new formula is unjust, goes against earlier agreements, and causes conflict among workers.

AIBEA issued Clarification on 5 Day Banking, What happened in meeting?

RBI Governor Sanjay Malhotra has urged Urban Cooperative Banks (UCBs) to be mindful of their responsibilities, particularly given the trust reposed in them by the depositors.

Bandhan Bank has declared a strategic alliance with Salesforce to drive its digital transformation process and improve customer loan experience.