Banking

RBI Cracks Down on Digital Lending Apps: Mandatory Reporting from May 13

The Reserve Bank of India (RBI) has issued a significant directive aimed at enhancing transparency and borrower protection in the digital lending ecosystem. As per the new guidelines under the RBI (Digital Lending) Directions, 2025, all regulated entities (REs) must...

SBI, Private Lenders Sell 20% of Yes Bank to Japan’s SMBC for ₹13,482 Cr

In a landmark move marking the largest cross-border deal in the Indian banking sector, State Bank of India (SBI) along with seven private banks have collectively sold a 20% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC)...

RBI Slaps Penalties on SBI and Jana Small Finance Bank for Regulatory Lapses

In a strong regulatory move, the Reserve Bank of India (RBI) has imposed monetary penalties on two banks — State Bank of India (SBI) and Jana Small Finance Bank — for deficiencies in compliance with banking norms. The action underlines...

Public Sector Banks Clock Record ₹1.78 Lakh Crore Profit in FY25

Public Sector Banks (PSBs) in India have posted a record-breaking cumulative profit of ₹1.78 lakh crore in the financial year 2024–25 (FY25), marking a substantial 26% increase over the previous year. Spearheaded by the State Bank of India (SBI), which...

Amex and HSBC Top Credit Card Additions Among Foreign Banks in FY25

In a strong rebound from previous declines, foreign banks such as HSBC and American Express have emerged as leaders in net credit card additions in FY25, according to the latest data from the Reserve Bank of India (RBI). HSBC added...

Japan’s Sumitomo Mitsui in Talks for 51% Acquisition of Yes Bank

In a significant development in the Indian banking sector, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is reportedly in advanced talks to acquire a majority 51% stake in Yes Bank. This move, if finalized, could mark a major foreign direct investment...

SBI Launches Largest Staff Engagement Initiative to Empower Workforce

The State Bank of India (SBI), India’s largest public sector bank, has launched a massive employee engagement and skill development initiative titled ‘Next LEAP’ and ‘SuPer SBI: Great to Greater’ to make its workforce future-ready and boost performance, pride, and...

SBI Reports Q4 Dip in Profit, Plans ₹25,000 Crore Equity Raise in FY26

India’s largest public sector bank, the State Bank of India (SBI), reported a 10% year-on-year decline in its standalone net profit for the fourth quarter of FY 2024–25, amounting to ₹18,643 crore. Despite this dip, the bank registered robust performance...

RBI Launches 3 Key Surveys for Monetary Policy Input

To fine-tune India’s monetary policy based on real-time household sentiments, the RBI has initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital...

RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders

To streamline, digitize, and enhance transparency in the regulatory approval process, the RBI had introduced the PRAVAAH portal in May 2024. Now, to improve compliance and efficiency, the RBI has made it mandatory for all regulated entities to use this...