Banking

How Much 11 PSBs Collected as Penalty for Low Bank Balances In FY21-FY25?

Between FY21 and FY25, eleven public sector banks (PSBs) in India collected nearly ₹9,000 crore as penalty charges from customers who failed to maintain the minimum balance in their savings accounts. The data was shared by the Finance Ministry in...

SEBI and Stock Exchanges Revise Surveillance Framework for Small-Cap Firms

The Securities and Exchange Board of India (SEBI), in collaboration with stock exchanges, has announced a revision to the Enhanced Surveillance Mechanism (ESM) for companies with a market capitalisation below ₹1,000 crore, effective from July 28, 2025. The move aims...

RBI Approves Warburg Pincus Investment in IDFC First Bank

The Reserve Bank of India (RBI) has granted approval to Warburg Pincus, a prominent global private equity firm, to acquire up to 9.99% stake in IDFC First Bank. The ₹4,876 crore investment is expected to enhance the bank’s capital base...

Public Sector Banks Flag 1,629 Cases Worth ₹1.62 Trillion

Public sector banks (PSBs) in India have flagged 1,629 corporate entities as wilful defaulters, with unpaid dues amounting to ₹1.62 trillion as of March 31, 2025. This data, shared by the Union Finance Ministry in Parliament, highlights growing concerns over...

SBI Adjudged World’s Best Consumer Bank 2025 by Global Finance Magazine

The State Bank of India (SBI) has been named the World’s Best Consumer Bank for 2025 by the reputed Global Finance magazine, recognizing the bank’s customer-centric innovations and strong digital presence. This global recognition reinforces SBI’s commitment to inclusive and...

RBI Conducts Surprise VRR Auction to Infuse ₹50,000 Crore Liquidity (July 2025)

In response to emerging liquidity pressures in the banking system, the Reserve Bank of India (RBI) conducted a surprise Variable Rate Repo (VRR) auction on July 23, 2025, injecting ₹50,000 crore into the system. This move highlights RBI’s dynamic approach...

RBI’s Financial Inclusion Index Shows Robust Growth in FY25

The Reserve Bank of India (RBI) has released the Financial Inclusion Index (FI-Index) for the Financial Year 2025, reporting a notable improvement in overall financial inclusion in the country. The index rose to 67.0, compared to 64.2 in FY24, showing...

Fino Payments Bank Launches “GATI” Savings Account to Boost UPI Adoption in Bengal

Fino Payments Bank has launched a new digital savings account named "GATI" — a term meaning “speed” in several Indian languages — with the aim to deepen UPI transaction penetration in rural and semi-urban areas of West Bengal. By offering...

Public Sector Banks Write Off Over ₹12 Lakh Crore In last 9 Years

In a significant financial disclosure, the Ministry of Finance recently informed the Rajya Sabha that Public Sector Banks (PSBs) have written off more than ₹12 lakh crore in non-performing assets (NPAs) between FY2016 and FY2025. Despite the massive write-offs, efforts...

SBI’s Raise The Amount Of ₹25,000 Crore Via QIP

The State Bank of India (SBI) achieved a historic milestone on July 22, 2025, by successfully executing India’s largest-ever Qualified Institutional Placement (QIP), raising ₹25,000 crore. The QIP was oversubscribed 4.5 times, indicating robust investor confidence in India’s banking sector...