Banking

India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking

In a landmark step towards inclusive and secure digital banking, the India Post Payments Bank (IPPB) has launched a nationwide Aadhaar-based face authentication feature for customer transactions. Developed under the Unique Identification Authority of India (UIDAI) framework, this innovation is...

Why July 2025 Was a Historic Month for UPI Transactions?

India’s Unified Payments Interface (UPI), the backbone of the nation’s digital payment ecosystem, set a new record in July 2025, clocking 1,947 crore transactions worth ₹25.1 lakh crore. The surge reflects the growing popularity of UPI as both consumers and...

Key Provisions of the Banking Laws (Amendment) Act, 2025 Come Into Effect from August 1

From August 1, 2025, several provisions of the Banking Laws (Amendment) Act, 2025 officially come into force, bringing major changes to India’s banking governance framework. The legislation, notified on April 15, 2025, introduces 19 amendments across five major banking legislations,...

Personal Loans, Agriculture, and Industry Hit Hard — What RBI’s Data Reveals

India’s bank credit growth slowed to 10.2% in June 2025, falling from 13.8% in June 2024, according to the Reserve Bank of India (RBI). The decline was seen across all major sectors — agriculture, industry, services, and personal loans. Agriculture...

RBI Eases AIF Investment Norms for Banks, NBFCs

The Reserve Bank of India (RBI) has announced a significant relaxation in its rules governing how much banks and non-banking financial companies (NBFCs) — together referred to as regulated entities (REs) — can invest in Alternative Investment Funds (AIFs). Under...

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...