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RBI takes significant measures against Kotak Mahindra Bank! The bank is prohibited from issuing new credit cards and digitally onboarding new customers
RBI takes significant measures against Kotak Mahindra Bank!
Serious deficiencies and non-compliances were observed in the areas of IT inventory management, patch and change management,...
Reliance Q4 Results:Report indicates a 1.8% decrease in profit to Rs 18,951 crore, alongside the announcement of a Rs 10 dividend.
Reliance Q4 Results:
Reliance Industries Limited (RIL) disclosed a 1.8% year-on-year (Y-o-Y) dip in its consolidated net profit (attributed to the company's owners) for the...
HDFC Q4 FY24 result update: net profit of ₹16,512 crore, with retail loans showing impressive growth of 108.9%.
HDFC Q4 FY24 result update:
On April 20, HDFC Bank announced a net profit of Rs 16,512 crore for the January-March quarter of the fiscal...
RBI imposes monetary penalty on NABFINS Limited, Bengalur
RBI in action:
The Reserve Bank of India (RBI) has, by an order dated April 15, 2024, imposed a monetary penalty of ₹10 lakh (Rupees...
The Reserve Bank of India’s proposed regulations for payment aggregators deemed pivotal, timely, and positively received by Experts.
The Reserve Bank of India
Today's latest news from the RBI: The Reserve Bank of India has issued two sets of draft regulations for payment...
Bank of America’s profit declines due to reduced interest payments from customers
Bank of America Quarterly result:
In the first quarter, Bank of America experienced a decrease in profit as its consumer division weakened and it wrote...
Morgan Stanley predicts that there won’t be any rate cuts from the RBI this fiscal year.
Morgan Stanley prediction on RBI monetary policy:
Morgan Stanley's economists anticipate that the Reserve Bank of India's Monetary Policy Committee (MPC) might refrain from lowering...
Turkey’s central bank records a loss of $25 billion for the year 2023
Turkey's central bank
In 2023, the Turkish central bank experienced a loss of 818.2 billion liras ($25 billion), marking a significant shift from previous years...
India’s foreign exchange reserves surged by $2.98 billion to reach a new pinnacle of $648.562 billion at the week’s conclusion.
foreign exchange reserves update
RBI announces a $2.98 billion surge in forex reserves, reaching a new pinnacle of $648.562 billion.In September 2021, the nation's foreign...
UCO Bank, Central Bank of India, and three additional Public Sector Banks (PSBs) have been instructed to increase their public shareholding to 25% by...
Banks news update
UCO Bank, Central Bank of India, and three additional PSBs have been instructed to increase their public shareholding to 25% by AugustThese...
BoB cases of scam related to the BoB World app prompt the Ministry of Finance to advocate for a strengthened KYC process
BoB World app scam:
According to news agency Business Standard:The RBI may advise banks and financial institutions to assess the concentration of Business Correspondents (BCs)...
RBI rejects 2 application for Licensing of Small Finance Banks
RBI in action:
The Reserve Bank of India has turned down two additional requests to establish small finance banks: those from Dvara Kshetriya Gramin Financial...
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HDB financial services Q2FY26 reports strong growth in AUM and loan book
HDB Financial Services Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025, following a Board meeting held...
22nd Edition Connected Banking Summit – Innovation & Excellence Awards 2025
Theme: Empowering the Future of Banking in the Kingdom: Innovation, Transformation,and GrowthThe International Centre for Strategic Alliances (ICSA) proudly announces the 22nd Edition of...
RBI’s draft framework on capital charge for credit risk hints at relief for banks: Report
The Reserve Bank of India’s (RBI) draft framework on the Capital Charge for Credit Risk – Standardised Approach, released on October 7, 2025, is...
HDFC securities’ Diwali 2025 picks: India enters Samvat 2082 at an economic inflection point
As India celebrates Diwali and the beginning of Samvat 2082, HDFC Securities has unveiled its annual MoneyFest Diwali Picks, expressing optimism for the year...