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CS Setty has been approved by the FSIB to become the new chairman of SBI

CS Setty appointed as the next Chairman of SBI The Financial Services Institutions Bureau (FSIB) on Saturday recommended Challa Sreenivasulu Setty, one of the managing...

Bandhan Bank Launches Online Direct Tax Collection Facility

Bandhan Bank begins online collection of direct taxes Bandhan Bank announced on Friday the launch of an online facility for the collection of direct taxes,...

RBI imposes ₹29.60 lakh monetary penalty on HSBC limited for non-compliance with credit card operations

RBI imposes monetary penalty on HSBC Limited The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹29.60 lakh on The Hongkong and...

Yes Bank cuts 500 jobs to reduce costs, with more layoffs expected in the coming weeks: Reports

Yes Bank Undertakes Layoffs Amid Restructuring Efforts Yes Bank has laid off 500 employees as part of an internal restructuring initiative, with further layoffs anticipated...

Bandhan Bank strengthens transition process with RBI appointment of Additional Director

Bandhan bank hopes director onboarding will strengthen transition Bandhan Bank has expressed confidence that the onboarding of an additional director appointed by the Reserve Bank...

RBI Levies Fine on This Co-operative Bank; your account may have in it

RBI in action The RBI has, by an order dated June 21, 2024, imposed a monetary penalty of ₹25,000 on The Hirasugar Employees' Co-operative Bank...

HDFC Bank Launches ‘SmartWealth’ App to Transform Digital Investment

HDFC Bank Unveils 'SmartWealth' App to Empower Investors HDFC Bank has introduced a new digital investment platform, 'SmartWealth', designed to revolutionize the wealth creation journey...

SBI to Open 400 New Branches in FY25, Announces Chairman Dinesh Khara

Sbi News update: As part of its network expansion plan, the State Bank of India (SBI) intends to open 400 branches across the country in...

MUFG penalized by Japan’s financial regulator, Reports Kyodo

Japan's Financial Regulator Penalizes MUFG and Joint Ventures for Client Confidentiality Breaches Japan’s Financial Services Agency (FSA) has penalized Mitsubishi UFJ Financial Group Inc.’s (MUFG)...

World Bank Group Launches WBG Academy to Equip Future Leaders with Development Expertise

Launch of Academy to Transform the Knowledge Agenda at the World Bank Group The World Bank Group (WBG) has unveiled a new platform, the WBG...

RBI governor Shaktikanta Das urges banks to end mindless pursuit of profit

RBI governor Shaktikanta Das speeches: Banks and non-banking financial companies (NBFCs) should avoid taking "unacceptable risks" in their pursuit of growth and must implement robust...

SBI Chairman Urges Government to Provide Tax Relief on Interest Income to Boost Savings and Fund Projects

SBI Chairman Advocates Tax Relief on Interest Income in Upcoming Budget Dinesh Kumar Khara, Chairman of SBI, called for tax relief on interest income to...

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About 92 percent of Indian executives cite security vulnerabilities as the primary obstacle to responsible AI usage: Deloitte report

According to the AI at a crossroads: Building trust as the path to scale report by Deloitte Asia Pacific, about 92 percent of Indian executives...

Economic risks remain top-of-mind with extreme weather, natural disasters and talent shortage concerns in the region

Economic downturns, such as recessions and stagnation, alongside concerns around the increasing frequency of weather events,  natural disasters and  labour and talent shortages, remain...

Eco-friendly paper disposal producer Aaradhya disposal industries files DRHP with NSE emerge

Aaradhya Disposal Industries Limited, a manufacturer and exporter of high-quality eco-friendly paper products, announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge....

Swiss Re targets a net income of more than USD 4.4 billion for 2025

Swiss Re's Group Chief Executive Officer Andreas Berger said: "We have taken decisive actions in 2024 to increase the resilience of our business. We achieved...