Banking

Bank of Maharashtra Receives RBI Approval to Establish Branch in GIFT City

The Reserve Bank of India (RBI) has granted permission to the Bank of Maharashtra (BoM) to set up a branch in Gujarat International Finance Tec-City (GIFT City). This strategic move aims to enhance BoM's offshore banking operations from India, aligning...

SEBI Enhances Corporate Governance with New RPT Portal

In a bid to enhance corporate governance and ensure better transparency in the Indian securities market, the Securities and Exchange Board of India (SEBI) has launched a dedicated portal for Related Party Transactions (RPT). This move is aimed at streamlining...

Indian Banks’ Margins to Drop 10 Bps in FY26

Indian banks are set to experience a decline in their net interest margins (NIMs) by an estimated 10 basis points in the financial year 2025-26, as per a report by Fitch Ratings. This forecast follows the Reserve Bank of India's...

Axis Bank Pledges ₹104 Crore to Ashoka University for Research Growth

In a major boost to interdisciplinary research in India, Axis Bank has committed ₹104 crore to Ashoka University over the next four years. The funding aims to strengthen the university’s PhD and Post-Doctoral programs while enhancing its research capabilities in...

RBI Approves Temasek Unit’s Stake Hike in AU Small Finance Bank

The Reserve Bank of India (RBI) has granted approval to Zulia Investments, a subsidiary of Temasek Holdings, to increase its stake in AU Small Finance Bank to up to 7%. This move highlights Temasek's growing interest in India's financial sector...

RBI Injects ₹2.5 Lakh Crore to Strengthen Banking Liquidity

The Reserve Bank of India (RBI) has announced a significant liquidity infusion of ₹2.5 lakh crore into the banking system through a Variable Rate Repo (VRR) auction. This move is aimed at addressing the current liquidity shortfall in the financial...

Easebuzz Secures RBI Authorization as Online Payment Aggregator

Easebuzz, a leading payment solutions provider, has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). This regulatory approval allows the company to streamline digital transactions, ensuring secure and seamless payment...

RBI Clears Kotak Mahindra Bank’s Digital Onboarding Ban

The Reserve Bank of India (RBI) has removed the restrictions placed on Kotak Mahindra Bank, allowing it to resume onboarding new customers online and issuing fresh credit cards. These restrictions were imposed in April 2024 due to critical shortcomings in...

RBI Allows SFBs to Offer Credit via UPI

In a major step towards expanding digital credit access, the Reserve Bank of India (RBI) has permitted Small Finance Banks (SFBs) to offer pre-sanctioned credit lines through the Unified Payments Interface (UPI). This move is expected to enhance financial inclusion...

Canara Bank Names Dr. Madhavankutty G as Chief Economist

Canara Bank has announced the appointment of Dr. Madhavankutty G as its new Chief Economist, effective January 2025. With over two decades of experience in economic research, banking, and corporate sectors, Dr. Madhavankutty will play a key role in shaping...