RBI Approves Balaji Nuthalapadi as Interim CEO of Equitas SFB
The Reserve Bank of India (RBI) has approved Balaji Nuthalapadi as the Interim Managing Director and CEO of Equitas Small
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Banking News
IFC Extends $150 Million Credit Line to SBI
The International Finance Corporation (IFC) has extended a $150 million credit line to State Bank of India (SBI), marking IFC’s
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PSBs Could Attract Up to ₹30,000 Crore in Foreign Inflows
Public sector banks (PSBs) could attract up to ₹30,000 crore in foreign investment if the permitted foreign investment cap is
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Federal Bank Empanelled on MCA SPICe+ Portal for New Companies
Federal Bank has been empanelled on the Ministry of Corporate Affairs (MCA) SPICe+ portal, enabling newly incorporated companies to open
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Kotak Mahindra Bank Gets CCI Approval to Acquire Deutsche Bank India Business
Kotak Mahindra Bank has received approval from the Competition Commission of India (CCI) for its proposed acquisition of the Deutsche
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Banks Work on Coordinated Response to Rising Cyber Risks
India’s banking industry is working on a coordinated response to rising cybersecurity risks, with banks exploring a structured mechanism for
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India Achieves Near-Universal Banking Coverage
India has achieved near-universal access to banking services, with 99.92% of inhabited villages now covered by banking facilities, according to
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IDBI Bank Strike on November 2–3; Customers Advised to Use Digital Channels
IDBI Bank advised customers to use its digital banking channels during the bank strike scheduled for November 2 and 3,
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PNB, Canara Bank Revise FD Rates; Senior Citizens Can Earn Up to 7.25%
Punjab National Bank and Canara Bank have revised their fixed deposit interest rates, with senior citizens eligible for higher rates
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Banks Raise Deposit Rates as Liquidity Tightens
Indian banks are beginning to raise deposit rates as liquidity conditions tighten following the Reserve Bank of India’s recent rate
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