Banking

Historical Evolution of Indian Banks: Nationalisation and Mergers

The journey of India’s banking sector since independence has seen major changes that shaped the way banks operate today. The transformation mainly happened due to two big factors: nationalisation and mergers. From the late 1960s onwards, the government began to nationalise banks to make banking more accessible to the public. This...

HSBC’s Exit from the Net Zero Banking Alliance

HSBC, one of the world’s largest banks and a founding member of the Net Zero Banking Alliance (NZBA), has become the first UK lender to withdraw from the coalition committed to aligning the sector’s activities with net zero greenhouse gas...

EximPe Gets RBI Approval for Cross-Border Payment Aggregator License

In a notable development in India's fintech and regulatory landscape, EximPe has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB). This move is expected to bolster cross-border digital...

UPI-PayNow Expanded To 13 More Indian Banks Join Cross-Border Remittance Network

National Payments Corporation of India (NPCI) International will launch the expanded UPI-PayNow linkage, enhancing cross-border remittance services between India and Singapore. With the addition of 13 new Indian banks, the service will now include 19 participating banks, offering greater convenience...

Taiwan’s CTBC Bank to Open New Unit in GIFT City

CTBC Bank, the largest private bank in Taiwan, has applied to open an IFSC Banking Unit (IBU) in GIFT City, Gujarat. The bank recently filed an application with the International Financial Services Centres Authority (IFSCA) and plans to set up...

RBI Fines HDFC Bank and Shriram Finance for Breaking Rules

The Reserve Bank of India (RBI) has fined HDFC Bank and Shriram Finance for violating certain regulatory rules. On July 11, 2025, RBI imposed a penalty of ₹4.88 lakh on HDFC Bank and ₹2.70 lakh on Shriram Finance. These penalties...

Public Sector Banks to Raise ₹45,000 Crore via Share Sale in FY26

In a major financial move, Indian public sector banks will raise about ₹45,000 crore through Qualified Institutional Placement (QIP) of shares in the financial year 2025–26. This was revealed by a government source on Wednesday, July 9, 2025. The move...

Big Government Payments to Go Through RBI e-Kuber From July 16

From July 16, 2025, all Indian government payments above ₹75 crore must be made through the RBI's e-Kuber system. This step aims to bring more transparency, faster processing, and quicker tracking of big payments. The system will help in managing...

RBI Financial Stability Report, June 2025

As the global economy navigates a period of significant uncertainty, India stands out as a beacon of stability and growth. The Reserve Bank of India's latest Financial Stability Report (FSR), released in June 2025, paints a detailed picture of an...

RBI to Auction Government Bonds Worth ₹25,000 Crore

The Reserve Bank of India (RBI) will hold an auction of two government bonds worth ₹25,000 crore on July 11, 2025. This auction will take place through RBI’s e-Kuber platform at its Mumbai office. These types of bonds are known...