Fewer bank fraud cases occurred in FY26 but involved substantially larger amounts, latest RBI data showed.
Bank credit to industry surges 15.1% at end-April compared to 7% a year ago, RBI’s latest data showed.
Allegations are made of Rs 45 crore disguised payment routed through HDFC Bank's marketing department to a Maharashtra govt agency in a bid to attract large deposits.
RBI approves reappointment of Sandeep Bakhshi as ICICI Bank’s CEO for a further period of two years, with effect from 4 Oct.
RBI’s payout comes in wake of govt fighting against inflated import bill due to surge in crude prices, widening current account deficit, weakening rupee and foreign fund sell-offs.
RBI imposes penalty of Rs 31.80 lakh on Yes Bank for non-compliance with certain provisions on 'Know Your Customer'.
Federal Bank is acquiring Standard Chartered’s select portfolio of up to 450,000 retail credit cards in India for an undisclosed amount.
Bank of Baroda MD & CEO Debadatta Chand and Rajneesh Karnatak, head of Bank of India, get three-year extension; UCO Bank MD and CEO Ashwani Kumar yet to get govt approval.
Sushanta Kumar Mohanty has been appointed as executive director of for a three-year term; he was earlier CGM at Bank of Baroda.
RBI offers operational flexibility to NBFCs; allows them to open branches without prior approval in most cases while imposing certain conditions for deposit taking entities based on net-owned funds.
Punjab National Bank reaches landmark of sanctioning digital loans worth Rs 1 lakh crore; launches 22 loan products to mark its 132nd Foundation Day.
RBI proposes changes in methodology for identifying upper layer NBFCs; lays down asset-size-based approach with threshold of Rs 1 lakh crore.
RBI’s directives include immediate customer intimation and and faster reconciliation of nostro accounts to reduce delays in crediting funds to beneficiaries.
In a bid to curb frauds in digital payments, RBI proposes several safeguard measures, including lagged credit for authorised push payments.
RBI holds repo rate at 5.25% for 2nd consecutive time; Governor Sanjay Malhotra says interest rates may remain low for long time on back of benign inflation and strong macroeconomic fundamentals.
