Eight lakh employees of public sector banks participated in strike demanding 5-day work week; cheques worth Rs 4 lakh crore held up for clearance.
Arijit Basu has been appointed for a 3-year term, starting 31 January; Sunil Mehta’s term as IndusInd Bank Chairman ends on 30 January.
Competition Commission of India approves Emirates NBD Bank’s proposal to acquire majority stake in RBL Bank.
This will be Sandeep Bakhshi’s second extension, starting from 4 Oct 2026; he will remain as ICICI Bank MD & CEO until 3 Oct 2028.
RBI directs ICICI Bank to make additional provisions on its agri priority sector loan book following supervisory review; loans worth Rs 20,000-25,000 crore inaccurately classified.
The changes, to come into effect from 1 April 2027, will involve banks computing foreign exchange risk capital requirements on a continuous basis, RBI said.
Reserve Bank of India grants in-principle approval to Japan’s Sumitomo Mitsui Banking Corporation for setting up a wholly owned subsidiary in India.
Aim is to strengthen internal grievance redress mechanism within regulated entities; also to ensure speedy resolution of customer complaints.
India’s retail inflation rose to a three-month high in December and could further inch up; widely expected to stay well within RBI’s target.
Bank of Baroda, SBI, Yes Bank and RBL Bank have approached CIC objecting to disclosure of list of defaulters and NPA, penalties and inspection reports; RBI terms records "liable to be disclosed" under RTI Act.
RBI Governor Sanjay Malhotra urges chiefs of NBFCs to maintain sound underwriting standards and closely monitor asset quality.
United Forum of Bank Unions has threatened to go on a nationwide strike, demanding implementation of 5-day week.
Unsecured loans form over 70% of fintechs' total loan book and more than half of them are extended to borrowers under 35 years of age, RBI said in its Financial Stability Report.
Increase in digitalisation of payments has reduced the customers' requirement of transacting with ATMs, RBI’s report on Trend and Progress of Banking in India for FY25 said.
Punjab National Bank reports to RBI borrowing fraud of SREI Equipment Finance and SREI Infrastructure amounting to Rs 1,240.94 crore and Rs 1,193.06 crore, respectively; bank has made full provisions.
