The directions have been issued with a view to strengthening the...
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Indian households turn investors, bank deposits surge: SBI report
"Indian households across states are turning from savers to...
Protect customers from the menace of rising digital frauds: Malhotra
Sanjay Malhotra,Governor,Reserve Bank of India "A key element of...
Scheduled commercial banks allowed to become sponsors of Pension Funds
This will enhance competition and safeguard subscriber’s interests. The proposed framework seeks to address existing regulatory constraints that had limited bank participation till now. By introducing a clearly defined eligibility criteria based on net worth, market...
PSB consolidation to gain momentum in 2026 as govt eyes big world-class banks
As far as the insurance sector is concerned, the year saw the passage of the landmark Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, from Parliament, paving the way for 100 per cent FDI in the sector. New Delhi: Consolidation in public sector banks...
RBI postpones 2nd phase of quicker cheque clearing mechanism
In the second phase, the banks are required to clear cheques within three hours of realisation in the cheque truncation system. "Implementation of Phase 2 is being postponed, until further notice, to allow more time for banks to streamline their operations," the...
Loans against gold jewellery recorded triple-digit growth rates since February 2025: RBI Bulletin
A sharp rise in gold-backed lending in recent months points to a significant shift in household financial behaviour, as families increasingly tap into idle gold assets to meet consumption and liquidity needs amid evolving economic conditions, it said. Mumbai: Bank...
Over 1000 banks, third party apps, payment firm join DoT’s Digital Intelligence Platform
The Department of Telecom said that the players that have joined Digital Intelligence Platform (DIP) have started fraud risk indicators that have helped in preventing potential financial losses of approximately Rs 660 crore across the banking ecosystem New Delhi:Over...
RBI board approves risk-based deposit insurance framework for banks
"It is proposed to introduce risk-based deposit insurance premium with the currently applicable flat rate of premium as the ceiling. This will incentivise sound risk management by banks and reduce premium to be paid by better rated banks,'' Sanjay Malhotra, governor,...
Shriram Finance to sell 20 pc stake to Japanese firm MUFG Bank for Rs 39 618 cr
This collaboration combines Shriram Finance's established domestic franchise and extensive distribution network with MUFG Bank's global expertise and financial strength. The fund infusion will significantly enhance SFL's capital adequacy, strengthen its balance sheet,...
New logo unveiled for Regional Rural Banks to build unified brand identity
This reform marks a crucial step toward building stronger and more efficient RRBs. Presently, 28 RRBs continue to serve the nation through an extensive network of over 22,000 branches in more than 700 districts. New Delhi:On the principle of "One State One RRB", the...
HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its group companies have received permission to invest in IndusInd Bank.These include HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management, and...
BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%
The deal involves France’s biggest bank selling its 25% stake in AG Insurance to Ageas for 1.9 billion euros while simultaneously investing 1.1 billion euros into Ageas through its insurance subsidiary BNP Paribas Cardif, based on an agreed price of 60 euros per...