Banking

RBI Launches Inflation Survey Across 19 Indian Cities

The Reserve Bank of India (RBI) has launched the September 2025 round of its Inflation Expectations Survey of Households (IESH) across 19 cities in India. This quarterly survey seeks to capture the public’s perception of current and future price movements,...

India Post Payments Bank Posts ₹134 Cr Profit in 2025

India Post Payments Bank (IPPB) has achieved a remarkable milestone by posting a net profit of ₹134 crore in the current financial year. With a customer base crossing 12 crore, annual revenues exceeding ₹2,000 crore, and a compound annual growth...

RBI Reviews Liquidity Framework to Strengthen Rate Control

The Reserve Bank of India (RBI), in its 2025 review of the Liquidity Management Framework, released key recommendations through its Internal Working Group (IWG). The review aims to refine operational tools for managing liquidity more efficiently, strengthening RBI’s control over...

RBI Clears SMBC’s 24.99% Stake in Yes Bank

In a landmark decision for India’s financial sector, the Reserve Bank of India (RBI) has granted approval to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% stake in Yes Bank. This move, initially structured as a 20%...

SBI Launches Collateral‑Free ₹4 Lakh Loan for Agniveers

On the occasion of India’s 79th Independence Day, the State Bank of India (SBI) launched a thoughtful personal loan scheme tailored for Agniveers—those serving under the short‑term Agnipath recruitment programme—and simultaneously updated its IMPS transaction fee structure. These moves are...

SBI to Impose Nominal Charges on Online IMPS Transfers Above ₹25,000 from August 15

In a move impacting digital banking transactions, the State Bank of India (SBI) has revised its IMPS (Immediate Payment Service) fee structure. Effective August 15, 2025, SBI will impose nominal charges on online IMPS transactions exceeding ₹25,000, a change that...

NPCI to Discontinue UPI P2P ‘Collect Requests’ from October 1 to Curb Fraud

In a major move aimed at strengthening the security of digital payments, the National Payments Corporation of India (NPCI) has announced that peer-to-peer (P2P) 'collect requests' on UPI will be discontinued from October 1, 2025. The decision affects all member...

ICICI Bank Reduces Minimum Balance Requirement After Public Outrage

ICICI Bank, India’s second-largest private lender, has revised its minimum average balance (MAB) requirement for new savings account holders after facing widespread criticism. The bank had recently raised the MAB from ₹10,000 to ₹50,000 for new customers in urban areas,...

Bank of Baroda Introduces Global UPI Services via bob इ Pay App

In a significant move to enhance the scope of digital payments, Bank of Baroda has rolled out international UPI features on its official app, bob इ Pay. This update enables cross-border UPI transactions, making it easier for resident Indians and...

PSU Banks Write Off Rs 5.82 Lakh Crore in Bad Loans (FY21–FY25) Amid Ongoing Recovery Efforts

In a recent parliamentary disclosure, Minister of State for Finance Pankaj Chaudhary revealed that Public Sector Banks (PSBs) in India wrote off a staggering ₹5.82 lakh crore in bad loans over the five-year period from FY 2020‑21 to FY 2024‑25, while still...