Banking

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...

NSDL Payments Bank Added to RBI’s Second Schedule

In a notable advancement for India’s banking ecosystem, the Reserve Bank of India (RBI) has officially included NSDL Payments Bank Limited in the Second Schedule of the Reserve Bank of India Act, 1934. This inclusion, notified on June 19, 2025,...

HSBC Faces Backlash After Exiting Net-Zero Banking Alliance

In July 2025, HSBC, one of the world’s largest banking institutions, triggered strong criticism from climate-conscious clients and stakeholders by withdrawing from the Net-Zero Banking Alliance (NZBA), the world’s largest industry group committed to aligning banking practices with climate goals....

Historical Evolution of Indian Banks: Nationalisation and Mergers

The journey of India’s banking sector since independence has seen major changes that shaped the way banks operate today. The transformation mainly happened due to two big factors: nationalisation and mergers. From the late 1960s onwards, the government began to nationalise banks to make banking more accessible to the public. This...

HSBC’s Exit from the Net Zero Banking Alliance

HSBC, one of the world’s largest banks and a founding member of the Net Zero Banking Alliance (NZBA), has become the first UK lender to withdraw from the coalition committed to aligning the sector’s activities with net zero greenhouse gas...