As India enters a busy festive week centered around Diwali, bank branches across the country will observe regional closures based on the holiday schedule published […]
Category: Banking
Digital Expansion Planned for 24/7 Outward Remittances via Mobile and Net Banking
IndusInd Bank has entered into a strategic partnership with JP Morgan Payments to significantly enhance its outward remittance services, enabling retail and corporate customers to […]
Rising Forward Premiums and Reserve Requirements Squeeze Bank Margins
The Reserve Bank of India’s (RBI) newly implemented Foreign Exchange Risk Reserve (FERR) framework has significantly increased the cost for commercial banks to hedge dollar […]
SBI Mutual Fund Reports ₹1,797 Crore Operating Profit for H1 FY27
SBI Funds Management Ltd, the asset manager for SBI Mutual Fund, has demonstrated solid business expansion as its quarterly average assets under management (QAAUM) grew […]
Strategic Privatization Returns to Focus as Government Exceeds Disinvestment Target
The Indian government’s strategic disinvestment program has regained strong momentum following the Cabinet Committee on Economic Affairs’ (CCEA) landmark approval of a 30.48 per cent […]
Axis Bank Brings Apple Pay to India’s Credit Card Users
Axis Bank has launched Apple Pay for its credit card customers in India across both Visa and Mastercard networks, becoming the first Indian bank to […]
Indian Bank Targets New Businesses and Global Markets for Growth
Indian Bank is progressing with plans to enter the life insurance and asset management sectors and is expected to seek board approval soon, Managing Director […]
Bank of India Gets ‘BBB’ Rating from S&P, Outlook Stable
S&P Global Ratings has assigned Bank of India (BoI) a ‘BBB’ long-term issuer credit rating and an ‘A-2’ short-term rating, citing the bank’s adequate capitalisation, […]
SBI Card, Google Pay Partner to Offer Reward-Focused Credit Card for Digital Users
Google Pay and SBI Card have launched the Google Pay Flex SBI Card, a new co-branded credit card designed to offer enhanced rewards and flexible […]
DCB Bank Posts Highest-Ever Quarterly Profit as Stock Rallies on Strong Results
Shares of DCB Bank surged nearly 10 per cent in Monday’s intra-day trading after the private sector lender reported its highest-ever quarterly profit after tax […]