Punjab National Bank tops the list with Rs 1,577.87 crore during the last three financial years; PSBs collect Rs 3,388 crore from SMS charges, with Union Bank of India at the top.
Govt is considering and inter-ministerial consultation is on for raising FDI cap in state-run banks to 49% from existing 20%, said Financial Services Secretary Nagaraju.
Govt is looking at setting up a high-level committee that examines the entire banking sector so it can provide recommendations to help plan for banking in 2047, Finance Minister Nirmala Sitharaman said.
Mobile phones, leather goods, cancer medicines and travel abroad set to become cheaper; alcohol and luxury watches to cost more.
UPI generates transactions worth a record Rs 28.33 lakh crore in January, up 21% from Rs 27.97 lakh crore a month ago.
GDP growth for FY27 to come on the back of domestic demand despite global volatility; growth for FY26 is estimated at 7.4%.
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.
