SBI Hiring 6,500 to Boost Digital Banking with YONO 2.0
SBI plans to add 6,500 employees to migrate customers to digital channels via YONO 2.0, aiming to double mobile banking users to 200 million by 2026. Read more.
Category : Banking
Galaxy Health to Launch Travel Insurance, Targets ₹400 Cr GWP
Galaxy Health Insurance announces its foray into travel insurance. MD & CEO G. Srinivasan reveals a ₹400 crore Gross Written Premium target by FY27 and launches a new integrated health product.
SBI Targets 20 Crore Mobile Banking Users via Yono 2.0
State Bank of India plans to expand its mobile banking base to 20 crore customers in two years with Yono 2.0. The bank's digital-first 'phygital' strategy includes 10,000 floor managers for support.
Festive Demand & GST Rationalisation Lift Retail Credit: Report
Retail credit in India surged in Q3 FY25, driven by festive spending and optimism around GST rationalisation. Discover the key growth sectors and economic outlook.
Education Loan NPAs Fall to 2% in Public Sector Banks
Gross NPAs in education loans from public sector banks have significantly reduced to 2%, as per the Finance Ministry. Discover the key factors behind this improvement and its impact on students.
Federal Bank's 1600th outlet opens in Delhi's Mansarovar Garden
Federal Bank inaugurated its 1600th branch in New Delhi, marking a strategic push into North India's growing SME and NRI banking markets. The new Mansarovar Garden outlet features modern tech.
RBI Approves Fino Payments Bank's Conversion to Small Finance Bank
The RBI grants in-principle approval for Fino Payments Bank to convert into a small finance bank, marking a historic first. This move will allow it to offer lending services and expand its portfolio. Read more about the implications.
RBI's ₹1.5 Lakh Crore Liquidity Boost May Need Q4 Top-Up
RBI plans ₹1.5 lakh crore liquidity infusion via bonds & forex swaps to aid rate cut transmission. Analysts warn more may be needed in Q4 if rupee pressure persists. Read the full analysis.
TN Govt Removes Collateral for Loans Under ₹4 Lakh
Tamil Nadu's new money lending rules remove collateral for loans under ₹4 lakh and up to ₹10 lakh for SHGs, aiming to empower low-income groups and women entrepreneurs. Discover how this policy change fosters financial inclusion.
India's Forex Reserves Fall to $686.2 Billion
India's foreign exchange reserves fell by $1.8 billion to $686.2 billion as of Nov 28, 2025. While gold reserves rose, foreign currency assets saw a significant decline. Get the full breakdown here.
SBI Mortgage Loans Cross Rs 9 Lakh Crore Milestone
State Bank of India's mortgage loan portfolio surpasses Rs 9 lakh crore. Driven by strong retail, agriculture, and MSME growth, SBI raises its FY26 credit growth guidance to 14%. Read more for details on the bank's strategy.
RBI Policy Resets Market Cycle, Aids Fixed Income
The RBI's December policy subtly reset India's interest-rate and liquidity framework, creating a more constructive environment for fixed income investors. Discover the key shifts and strategic opportunities.
India's Forex Reserves Fall to $686.23 Billion
India's foreign exchange reserves declined by $1.88 billion for the week ending November 29, 2024, settling at $686.23 billion. Explore the key factors behind the drop and its implications for the economy.
RBI's growth gamble: Rate cut & ₹1 trillion liquidity boost analysed
Did RBI's MPC, chaired by Governor Sanjay Malhotra, overlook inflation risks with a surprise rate cut & ₹1 trillion liquidity injection? Analysis of the policy bazooka fired in a volatile global climate.
4 Bank Holidays Next Week: Check State-Wise List
Banks will be closed for four days next week from 8-14 Dec 2025, but only in specific states. Check the full list of holidays for SBI, PNB, HDFC, ICICI and online banking options.
India's Forex Reserves Fall to $686.227 Billion
India's foreign exchange reserves declined by $1.88 billion for the week ending July 5, 2024, settling at $686.227 billion. The drop was primarily due to a decrease in foreign currency assets, though gold reserves saw an increase. Get the full analysis he
PNB Cuts Lending Rate to 8.10% After RBI Repo Rate Cut
Punjab National Bank slashes its Repo Linked Lending Rate (RLLR) by 25 basis points to 8.10%. Find out how this impacts your home loan EMIs and the broader banking sector.
Karnataka Winter Session: Cooperatives Seek Urgent Govt Action
Cooperative societies in Karnataka appeal to MLAs for urgent policy decisions on loans, taxes, and governance during the Belagavi winter session. Read their key demands.
India's Financial Inclusion Index Rises to 67.0 in March 2025
India's financial inclusion drive is reshaping the economy, with the RBI index hitting 67.0. Jan Dhan accounts now total 57 crore, and digital payments surge. Read about the next phase.
Axis Bank files ₹11.74 cr fraud case against Hyderabad firm
Axis Bank accuses Keerthi Srinivasa Solutions of ₹11.74 crore loan fraud. Forensic audit reveals fund diversion via fake invoices. Hyderabad police investigating.
Orissa HC Quashes 4% Foreclosure Fee on MSME Loan
Orissa High Court rules banks cannot charge for loan foreclosure, protecting MSME rights. Landmark verdict orders document release, waives unfair fee. Read the full judgment details.
Fino Bank pivots to secured loans after RBI SFB nod
Fino Payments Bank, now an SFB, plans a strategic shift towards secured lending like property loans, avoiding unsecured risks. Read about its merchant-focused growth plan.
IBPS RRB Clerk Prelims 2025 Analysis: Check Details
IBPS RRB Clerk Prelims 2025 exam analysis is here. Check section-wise difficulty level, good attempts, and expected cut-off trends for the Office Assistant exam held on December 6.
Mangaluru Bank Manager Accuses 15 of Rs 104.7 Crore Fraud
A Canara Bank manager in Mangaluru files a police complaint, alleging a Rs 104.7 crore loss due to fraudulent loan sanctions by 15 individuals. Read the full investigation details.
RBI slashes repo rate to 5.25% in surprise move
The RBI cut the repo rate to 5.25% despite strong GDP growth, a move hailed as exceptional by SBI. Explore the details and global context of this rare decision.
SBI Report: Time for Markets to Show Maturity Post RBI
An SBI report states the RBI has successfully managed liquidity. Now, financial markets must demonstrate maturity and adjust to new realities for stable growth.
RBI cuts repo rate by 25 bps, home loans to get cheaper
The RBI cut the repo rate to 5.25%, its first reduction since June 2025. Home loan rates may hit record lows, with EMIs set to drop significantly. Explore the full impact on growth and inflation.
RBI surprises with 25 bps rate cut, ups GDP forecast to 7.3%
The Reserve Bank of India cut the repo rate by 25 basis points to 5.25%, defying pause expectations. It revised GDP growth forecast upward to 7.3% while lowering inflation projection to 2%. Read the full analysis.
Monte Paschi CEO Gets Board Support Amid Acquisition Probe
Monte dei Paschi's board unanimously reaffirms confidence in CEO Luigi Lovaglio as Milan prosecutors investigate the bank's takeover of Mediobanca. Read the latest developments.
Warren Urges Scrutiny of Private Credit Market Risks
US Senator Elizabeth Warren warns private credit market failures are 'tip of the iceberg', urges regulators to conduct stress tests. Read more on the growing risks to the financial system.
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