banking

India Achieves Near-Universal Banking Access with 99.92% Village Coverage Banking Outlets Reach Almost All Inhabited Villages New Delhi, March 30: Nearly 99.92 percent of inhabited villages across India now have access to a banking outlet within a five kilometre radius, the Parliament was...

GIFT City Banking Assets Cross $106.7 Billion, Mark Sevenfold Growth Since 2020 Strong Expansion in India’s Offshore Banking Ecosystem New Delhi, March 30: Banking assets at GIFT City’s International Financial Services Centre crossed $106.7 billion as of February 2026, marking a more than...

Mumbai, March 24 American bank JP Morgan has appointed HSBC Group veteran Rahul Badhwar as its senior country officer for India.Sjoerd Leenart, JP Morgan's chief executive for Asia Pacific, made the announcement about Badhwar's appointment.Badhwar replaces Kaustubh Kulkarni, the senior...

Unclaimed Financial Assets in India Reach ₹69,239.34 Crore New Delhi, March 24—Unclaimed amounts held by public sector banks, insurers, and mutual funds in India totaled ₹69,239.34 crore as of January 2026 and February-end, according to information provided to the Rajya Sabha on Tuesday...

New Delhi, March 23 DBS Bank India announced the launch of its direct tax payment facility on Monday, following authorization from the Central Board of Direct Taxes (CBDT).The bank will now be able to collect direct tax payments on the TIN 2.0 platform, in addition to its existing capability...

New Delhi, March 23 Shares of HDFC Bank have been on a downward trend, falling by nearly 12 per cent in three days, after its non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics".On Monday, the heavyweight stock plummeted 4.70 per cent to...

EPFO to Automate Recovery of Unclaimed Funds, Targeting Rs 5,200 Crore New Delhi – The Employees’ Provident Fund Organisation (EPFO) is preparing to significantly increase efforts to recover unclaimed funds held in inactive accounts. The organization plans to implement an automated settlement...

HDFC Bank Terminates Three Employees Over DIFC Onboarding Lapses After Chairman’s Resignation Action Taken Following Dubai Branch Compliance Issues New Delhi, March 21: Days after the resignation of HDFC Bank Chairman Atanu Chakraborty over ethical concerns, the bank has terminated three...

HDFC Bank Chairman Atanu Chakraborty Resigns Citing Ethical Concerns First Mid-Term Exit Raises Governance Questions at India’s Second-Largest Lender New Delhi, March 19 In a sudden development, Atanu Chakraborty has resigned as the part-time chairman of HDFC Bank, citing ethical concerns...

Global Banks and Tech Firms Shut Offices Across West Asia as Iran Threatens Economic Targets Rising Tensions Trigger Precautionary Corporate Shutdowns Global banks, consulting firms, and technology companies have begun closing offices and shifting employees to remote work across parts of West...

SBI Launches USD 500 Million Syndicated Term Loan to Advance Women Empowerment New Delhi, March 7: India’s largest lender, State Bank of India (SBI), on Saturday announced the launch of a USD 500 million syndicated term loan facility dedicated to women empowerment, with a greenshoe option, ahead...

HSBC India Profit Rises 11% to $1.9 Billion in 2025, Corporate Banking Leads Growth HSBC India Reports Strong Profit Before Tax Growth in 2025 HSBC India has reported an 11% year on year rise in profit before tax to $1.9 billion in 2025, up from $1.7 billion in the previous year, reflecting...

New Delhi, February 22: YES Bank, the private sector lender that has been steadily rebuilding its financial position, expects to close the current financial year with a Return on Assets of 1 percent, according to its Chief Financial Officer Niranjan Banodkar.The projection marks a significant...

New Delhi, February 17: AU Small Finance Bank on Tuesday announced the launch of its dedicated gold loan branch network, marking a significant step in its broader nationwide expansion strategy in secured retail lending.The move signals the bank’s intent to deepen its footprint in the gold loan...

Transaction to Be Completed by March 31, 2026 New Delhi, February 16: BLS E-Services announced on Monday that it will acquire a 100 percent stake in Atyati Technologies for ₹154 crore in a fully cash transaction.According to a regulatory filing, the acquisition is based on the equity value of...

New Delhi, February 15 – M Nagaraju, Secretary, Department of Financial Services (DFS), has emphasized the need to improve the Credit-GDP ratio – making our financial institutions more agile and exploring new ways of financing on a larger scale in line with the goals of Viksit Bharat (Developed...