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FSIB invites application from pvt sector too for selection of public sector banks’ EDs
Inclusion of candidates from the private sector is a departure from...
AI defining force in risk management, improving operational efficiency, mkt surveillance: SBI Chief
"The next 25 years will not just be about scale, but about...
Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long period of time (and) they will go down even further," Malhotra said in a post-monetary press conference. Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low...
RBI may hire more specialists for cybersecurity controls as digital risks multiply across banking system
The watchdog also seeks to add more officers to its supervision division, with hiring skewed toward specialists in cybersecurity controls as digital risks multiply across the banking system, according to the people. The overhaul is still under consideration and...
Govt mulls allowing 49% FDI in PSU banks
M. Nagaraju, secretary, Department of Financial Services Foreign ownership in State Bank of India - the country’s largest lender - and 11 other state-owned banks is capped at 20%, a legacy restriction rooted in the government’s desire to retain strategic control of...
Axis Max Life Insurance join hands with Muthoot Microfin
Axis Max Life Insurance has entered into a strategic partnership with Muthoot Microfin Limited. The partnership aims to accelerate life insurance penetration in India’s underserved Tier 2 and Tier 3 markets, providing essential financial protection to millions of...
Budget-26-27:Sitharaman proposes Infra Risk Guarantee Fund to strengthen pvt developers’ risk management
"To strengthen the confidence of private developers regarding risks during nfrastructure development and construction phase, I propose to set up an Infrastructure Risk Guarantee Fund to provide prudently calibrated partial credit guarantees to lenders," New...
Budget-26-27:Govt to set up high-level committee on banking for Viksit Bharat, bolster NBFCs
This group will review the entire banking system and suggest changes to support India’s next stage of economic growth. At the same time, it will focus on financial stability, inclusion, and protecting consumers, said Sitharaman while delivering her 9th consecutive...
Level playing field for savings instruments necessary: SBI Chairman on Budget expectations
CS Setty,Chairman,State Bank of India On the long‑standing demand for parity between bank deposits and other financial instruments, the SBI Chairman said fiscal realities make preferential treatment for deposits difficult despite the need for a level playing field...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to the Germanwatch Global Climate Risk Index 2025, which tracked events between 1993 and 2022.During this period, India experienced over 400 extreme weather events, resulting in at least 80,000 deaths and...
Bank unions to go on nationwide strike on January 27 to press for 5-day work week
Most of the public sector banks have already informed their customers about the disruption in banking services if the strike materialises New Delhi:Bank employee unions have decided to go on a nationwide strike on January 27 to press for a long-pending demand for a...
RBI issues norms for internal ombudsman in banks, NBFCs
The directions have been issued with a view to strengthening the internal grievance redress mechanism within regulated entities and ensuring a speedy and meaningful resolution of customer complaints by enabling a review by an apex-level authority within the entities,...