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Punjab National Bank Targets ₹170 Billion Bad Loan Recovery in Fiscal Year 2025
Punjab National Bank (PNB), India's second-largest state-owned lender by assets, has set an ambitious target…
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Kotak Mahindra Bank Acquires Standard Chartered India’s Personal Loan Portfolio for ₹3,330 Crore
In a strategic move to bolster its retail lending segment, Kotak Mahindra Bank has completed…
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Indian Banks Urge RBI to Postpone Implementation of Enhanced Liquidity Norms
In a concerted effort to mitigate potential constraints on lending capacities, several of India's leading…
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RBI Releases NBFC Upper Layer List for 2024-25
The Reserve Bank of India (RBI) has unveiled the list of Non-Banking Financial Companies (NBFCs)…
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AIBOC Announces Two-Day Nationwide Bank Strike in February Over Key Sector Issues
The All India Bank Officers' Confederation (AIBOC), representing the supervisory cadre of bank employees, has…
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TBC Bank Uzbekistan Secures $37 Million Investment to Fuel AI Integration and Product Expansion
TBC Bank Uzbekistan (TBC UZ), the nation's leading digital bank, has announced a $37 million…
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RBI Imposes ₹27.30 Lakh Penalty on IndusInd Bank for Regulatory Non-Compliance
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹27.30 lakh on…
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HDFC Bank Refunds ₹2.9 Crore in Fraud Case: A Wake-Up Call for Banking Security
In a significant development highlighting the vulnerabilities within banking systems, HDFC Bank has refunded ₹2.9…
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Kutch Businessman Denied Bail in ₹150 Crore Bank Fraud Case
A special Prevention of Money Laundering Act (PMLA) court in Mumbai has denied bail to…
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Bomb Threats Target Reserve Bank of India and Major Banks in Mumbai: Investigation Underway
On December 26, 2023, the Reserve Bank of India (RBI) and two prominent private sector…