Beware! Fake Bank Calls for Credit Limit Increase Are Scams
Fraudsters are posing as bank officials to trick credit card users into sharing OTP & CVV. Learn 5 crucial tips to protect yourself from this rising financial scam in India.
Category : Banking
RBI approves Vikram Sahu as Bank of America India CEO
The Reserve Bank of India has approved Vikram Sahu's appointment as CEO of Bank of America N.A. in India. Get the latest corporate news and updates here.
UPI Reshapes India's Spending: Groceries to Gold
A Mint analysis reveals UPI's explosive growth, with daily transactions soaring 6x in value. Discover how small payments for groceries & eating out are driving India's cashless shift.
RBI Holds Repo Rate at 5.5%, Focus on Inflation & Growth
RBI's MPC keeps repo rate unchanged at 5.5% in December review. Experts see a cautious pause despite low inflation, with a potential cut in Q4 FY26. Full analysis inside.
HSBC India Expands in Gujarat with Vadodara Branch
HSBC India strengthens its Gujarat presence by launching a new branch in Vadodara. The move aims to serve corporate and retail clients, supporting the state's economic growth. Read more.
Chinese Banks Scrap 5-Year High-Yield Deposit Products
Top Chinese banks, including ICBC and AgBank, have removed high-interest 5-year certificates of deposit to cut costs. This move aims to ease pressure on record-low profit margins as lenders support the economy. Learn the implications for savers and the ba
RBI MPC Meeting: Rate Cut Decision Amid Growth & Low Inflation
RBI's MPC meets Dec 3-5 to decide policy amid 8.2% GDP growth & 0.25% inflation. Experts debate rate cut likelihood. Governor Sanjay Malhotra to announce decision Friday.
RBI Monetary Policy Meeting Begins, Outcome on Friday
The RBI's Monetary Policy Committee begins a crucial 3-day meeting to decide on interest rates. The policy announcement on April 5 will impact loans, savings, and the economy. Read for key expectations.
Rupee holds near 90/dollar as shaky sentiment weighs
The Indian rupee is expected to open near 90 per dollar on Dec 3, with fragile sentiment and capital flows overshadowing a softer US dollar. The currency hit a record low of 89.9475 on Tuesday. Read the full analysis.
Bank Holiday in Goa Today for Feast of St. Francis Xavier
Banks in Panaji, Goa, are closed on Wednesday, December 3, 2025, for the Feast of St. Francis Xavier. Check the city-wise operational status and available digital banking services.
Loan-Deposit Rate Gap Squeezes Bank Margins, RBI Told
PSU bank chiefs warn RBI of a 70-bps margin squeeze as loans reprice instantly with repo rate cuts, but deposit rates lag. Key asymmetry threatens profitability.
Gujarat Deputy CM Calls for Bank-Police Coordination on Cyberfraud
Gujarat Deputy CM Harsh Sanghavi demands faster bank response to cybercrime helpline 1930, seeks nodal officers & joint committee to freeze fraudulent funds and protect citizens.
Bokaro DC Criticises Banks Over Failed Scheme Targets
Bokaro Deputy Commissioner Ajay Nath Jha reprimands banks for failing to meet targets in key government welfare schemes. Show-cause notices issued for non-performance. Read more.
Global Regulators Scrutinise Hedge Fund Bond Leverage Risks
BOE and BIS warn of financial stability risks from hedge funds' high leverage in repo markets. New rules on minimum haircuts could cap profitability. Read the full analysis.
Bank Clerk Arrested for Misappropriating ₹6.28 Lakh in Berhampur
A 40-year-old bank clerk in Berhampur has been arrested for allegedly misappropriating over ₹6.28 lakh from 26 savings accounts. The fraud was uncovered after customers complained. Read the full details of the case and ongoing police investigation.
SBI, HDFC, ICICI remain D-SIBs, need extra capital: RBI
RBI continues to designate SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), requiring them to maintain higher capital buffers. Details on new CET1 requirements inside.
PFRDA's New NPS Platform to Channel Pension Funds into AIFs
PFRDA chairman S Ramann announces a dedicated NPS fund-of-funds platform to route pension money into AIFs, aiming to provide stable, long-term capital for India's private markets. Discover how this move will reshape domestic capital formation.
IRFC's $300M Loan Marks Return to International Borrowing
Indian Railway Finance Corporation signs a major $300 million loan with Japan's SMBC at GIFT City. This strategic move aims to cut borrowing costs and fund key railway infrastructure projects. Read more.
Moody's reaffirms ICICI Bank's Baa3 rating, stable outlook
Moody's reaffirms ICICI Bank's Baa3 rating, citing robust financials, strong asset quality, and profitability. Read the full analysis of India's second-largest private bank.
Harmanpreet Kaur Joins PNB as Brand Ambassador
Indian cricket captain Harmanpreet Kaur partners with Punjab National Bank as its first female brand ambassador and launches the new PNB RuPay Metal Credit Card Luxura. Discover the exclusive benefits.
New Govt Credit Model to Boost Digital Lending for MSMEs
The Indian government's new digital credit assessment model for MSMEs aims to streamline lending, reduce bank delays, and boost financial inclusion. Learn how this initiative works.
Banking Complaints Jump 13% Under RBI Ombudsman Scheme
Consumer complaints to RBI Ombudsman rose 13.55% in FY25, with banks facing most grievances. Learn the top complaint categories and how to file your complaint.
RBI MPC Decision: Rate Cut or Hold Amid Strong Growth?
As RBI's MPC meets Dec 3-5, experts debate a repo rate cut. India's GDP hit 8.2% in Q2 FY26, while CPI inflation fell to 0.25% in October. Will RBI prioritize growth or caution?
No EPS-95 Pension Hike Soon Due to Fund Deficit
The Labour Ministry confirms the Employees' Pension Scheme (EPS-95) fund has an actuarial deficit, dashing hopes for a pension increase from Rs 1,000. Read the full details here.
SBI SO Recruitment 2025: 1042 Vacancies, Apply by Dec 23
State Bank of India announces 1042 Specialist Officer vacancies. Apply online from Dec 2 to Dec 23, 2025. Check eligibility, fee, and selection process details here.
SBI SO 2025: 996 Vacancies, Apply by Dec 23
State Bank of India has started online registration for SBI Specialist Officer Recruitment 2025 for 996 posts. Apply at sbi.bank.in/careers before December 23. Check eligibility and steps here.
Nashik raises Rs 200 crore via bonds for Kumbh Mela 2027
Nashik Municipal Corporation's bond issue for Simhastha Kumbh Mela 2027 oversubscribed 3.95 times, raising Rs 200 crore. NSE MD highlights investor confidence in municipal bonds. Read more.
UPI Sees 22% Growth, Hits ₹26.32 Lakh Cr in November
UPI transactions surged 22% YoY to ₹26.32 lakh crore in November 2024. NPCI data shows daily average of 682 million transactions. RBI advances UPI-Europe TIPS integration for cross-border payments.
Mallya Questions FM's Statement on Loan Recovery
Fugitive businessman Vijay Mallya has publicly questioned Finance Minister Nirmala Sitharaman's claim of Rs 1,692 crore recovery from him. He demands proof and transparency in the government's statements.
SBI SO Recruitment 2025: 1042 Vacancies, Apply by Dec 23
State Bank of India announces 1042 Specialist Officer vacancies. Online applications open from Dec 2 to Dec 23, 2025. Check eligibility & apply now!
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