Stay up-to-date on the latest Banking current affairs news and developments with our comprehensive coverage. Our Banking Current Affairs category covers the latest trends, policies, and regulations shaping the banking industry. Stay informed on the latest developments in finance, fintech, and digital banking. Follow our category for daily updates and expert analysis on the issues that matter most to the banking community.
State Bank of India Raises $500 Million via Five-Year Bonds Introduction: SBI’s $500 Million Bond Issuance The State Bank of India (SBI), one of India’s largest public sector banks, has successfully raised $500 million through the issuance of five-year bonds. This move highlights SBI’s robust financial standing and its efforts to diversify funding sources. The…
Karnataka Bank Launches Innovative Financial Products for Students Introduction: A New Initiative for Student Welfare Karnataka Bank, a prominent player in India’s banking sector, has recently introduced a set of innovative financial products tailored specifically for students. These offerings are aimed at assisting young minds in managing their finances and achieving their educational goals with…
Deposit Growth Matches Credit Amid Lending Slowdown: An Analysis of India’s Financial Landscape In recent months, India has experienced a notable shift in the dynamics between deposit growth and credit growth in the banking sector. According to reports, deposit growth has now matched the pace of credit growth amidst a slowdown in lending activities. This…
SBI Seeks $1.25 Billion in 2024’s Largest Dollar-Denominated Loan Introduction to SBI’s $1.25 Billion Loan Request In a significant development in the global financial sector, the State Bank of India (SBI) is seeking a loan of $1.25 billion in the largest dollar-denominated loan transaction of 2024. This move is a part of SBI’s strategy to…
Amaravati Capital Project Gets ₹13,500 Crore Loan from World Bank and ADB The Amaravati capital project, a significant infrastructure initiative in Andhra Pradesh, has received a major financial boost with a ₹13,500 crore loan from the World Bank and the Asian Development Bank (ADB). This development is part of the state’s ongoing efforts to build…
RBI Maintains SBI, HDFC Bank, and ICICI Bank as D-SIBs (Domestic Systemically Important Banks) Introduction On November 13, 2024, the Reserve Bank of India (RBI) announced that it has maintained the status of State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). These banks, being crucial to the…
RBI’s New Framework for Converting FPI Holdings to FDI The Reserve Bank of India (RBI) recently introduced a new framework to facilitate the conversion of Foreign Portfolio Investment (FPI) holdings into Foreign Direct Investment (FDI). This move aims to attract more long-term investments into the Indian economy and support the growth of businesses. Under this…
PSBs Post Strong H1 FY25 Growth Driven by Reforms & Technology Public Sector Banks (PSBs) in India have reported significant growth in the first half (H1) of the fiscal year 2025, fueled by several key factors such as structural reforms, technological advancements, and improved operational efficiency. The robust performance of these banks marks a positive…
ADB Approves $200 Million Loan for Uttarakhand Livability Improvement Project The Asian Development Bank (ADB) has approved a significant loan of $200 million to aid the Uttarakhand Livability Improvement Project. This project, aimed at enhancing the livability of cities in the state of Uttarakhand, will address critical infrastructure needs, improve urban services, and focus on…
RBI Updates KYC Rules to Enhance Verification and Security In a recent development, the Reserve Bank of India (RBI) has updated its Know Your Customer (KYC) guidelines to improve verification processes and strengthen security measures in the banking sector. These changes aim to address the increasing need for robust verification methods in the wake of…
