Banking

  • Some Lenders still Continuing with Libor Contracts, says RBI

    With the end near for the London Interbank Offered Rate (Libor), the Reserve Bank of India (RBI) told banks and other financial institutions to stop using the benchmark as soon as possible and mandatorily by December 31 and move to any...

    Published On January 10th, 2023
  • SBI MF Gets RBI’s Nod to Buy 10% Stake in Equitas Small Finance Bank

    The Reserve Bank of India gave its approval to SBI Funds Management Ltd to acquire up to 9.99% stake in Equitas Small Finance Bank through the schemes of SBI Mutual Fund, the bank said in an exchange filing. Franklin Templeton...

    Published On January 7th, 2023
  • SEBI Issues debt broker License to Zerodha-backed GoldenPi Technologies

    Zerodha-backed GoldenPi Technologies has become the first online bond platform provider to receive a debt brokerage license from market regulator Securities and Exchange Board of India (Sebi). The Bengaluru-based fintech firm expects this development to spur greater trust in online...

    Published On January 7th, 2023
  • Axis Bank Partners with OPEN to Launch a Fully Digital Current Account

    Axis Bank has partnered with OPEN to provide a fully native digital current account journey for its customers including SMEs (small and medium enterprises), freelancers, homepreneurs, influencers and more. This has been the bank’s first-ever partnership with a fintech player...

    Published On January 7th, 2023
  • Cards, Mobile, Net banking top Complaint Areas at Banking Ombudsman: RBI

    Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO), said an RBI report. The coverage of RBIOS was extended to include the non-scheduled Urban Cooperative Banks (UCBs) with...

    Published On January 6th, 2023
  • HDFC Bank collaborates with Microsoft as part of its digital transformation

    HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the next phase of its digital transformation journey and unlocking business value by transforming the application portfolio, modernizing the data landscape and securing the enterprise with Microsoft Cloud....

    Published On January 4th, 2023
  • Banks Report High Credit Growth with Indian Economy Showing Stability

    It is estimated that the Indian economy grew by 9.7% in the first half of 2022-23, significantly higher than China's 2.2%, the UK's 3.4% and the USA's 1.8%. The local banking sector is often a proxy to the trends in...

    Published On January 4th, 2023
  • SBI Clerk Score Card 2022 Out, Check Prelims Score Card Here Directly

    SBI Clerk Score Card OUT SBI Clerk Score Card 2022: State Bank of India released the SBI Clerk Prelims Results and SBI Clerk Score Card on the official website on 2nd January 2023. The SBI Clerk Prelims Exam 2022 was...

    Published On January 3rd, 2023
  • RBI Keeps SBI, ICICI, HDFC as Domestic Systemically Important Banks

    The Reserve Bank of India said SBI, ICICI Bank, HDFC Bank remain domestic systemically important banks (D-SIBs). D-SIBs are those interconnected entities whose failure can impact the whole of the financial system and create instability. In addition to the usual capital...

    Published On January 3rd, 2023
  • List of Domestic Systemically Important Banks of 2021 released by RBI

    Domestic Systemically Important Banks of 2021 The list of Domestic Systemically Important Banks (D-SIBs) for 2021 was released by the Reserve Bank of India (RBI). The RBI continues to classify SBI, ICICI Bank, and HDFC Bank as Domestic Systemically Important...

    Published On January 3rd, 2023