PSU Banks Quarterly Profit Report: Public sector banks in India recorded a combined profit of ₹49,456 crore in Q2 FY26. Learn about SBI’s contribution, IOB’s high growth, sector trends and key banking current affairs for competitive exam preparation. PSU Banks Clock ₹49,456 Crore Profit in Q2 FY26 India’s public sector banks (PSBs) delivered another strong…
IndusInd Bank appoints Viral Damania as new CFO amid leadership changes. Learn about the banking governance update, key takeaways, and its significance for investors and exams. IndusInd Bank Appoints Viral Damania as CFO Amid Leadership Overhaul Introduction to the Appointment IndusInd Bank has appointed Viral Damania as its new Chief Financial Officer (CFO), effective September…
Mashreq Bank becomes the first UAE-based bank to receive IFSCA approval for setting up a branch in GIFT City, marking a major milestone in India-UAE financial cooperation. Mashreq Becomes the First UAE Bank to Enter GIFT City Introduction Mashreq Bank, a prominent financial institution from the United Arab Emirates (UAE), has secured in-principle approval from…
EPFO withdrawal limit update: The EPFO has increased the advance withdrawal auto-settlement cap to ₹5 lakh, enabling faster, paperless claim processing within 3 days for over 7 crore members. 📝 EPFO Raises Advance Withdrawal Limit to ₹5 Lakh for Faster Fund Access What’s the Change? The Employees’ Provident Fund Organisation (EPFO) has increased the auto‑settlement…
SBI Raises ₹50,000 Crore Through AT1 Bonds at 7.98% Overview of SBI’s Fundraising Initiative The State Bank of India (SBI), one of India’s largest public sector banks, has successfully raised ₹50,000 crore through Additional Tier 1 (AT1) bonds. These bonds were issued at an attractive coupon rate of 7.98%, aimed at bolstering the bank’s capital…
RBI Appoints R. Lakshmi Kanth Rao as Executive Director The Reserve Bank of India (RBI) has recently announced the appointment of R. Lakshmi Kanth Rao as its new Executive Director. This move comes amidst a crucial phase for the central bank, as it navigates through various economic challenges and policy decisions. R. Lakshmi Kanth Rao…
Vijay Shekhar Sharma Steps Down from Paytm Payments Bank Board Vijay Shekhar Sharma, the founder of Paytm, has announced his resignation from the board of directors of Paytm Payments Bank. This decision comes amidst a strategic realignment within the company and broader changes in the digital payments landscape. In a recent development, Vijay Shekhar Sharma,…
ICICI Bank Secures RBI Nod for Sandeep Batra’s Re-appointment as Executive Director ICICI Bank recently received the coveted approval from the Reserve Bank of India (RBI) for the re-appointment of Sandeep Batra as its Executive Director. This strategic move reaffirms the bank’s commitment to maintaining leadership continuity and leveraging Batra’s wealth of experience. Batra, with…
Sovereign Gold Bond Scheme – Issue Price Fixed at Rs 5,926 per gram Introduction: The Sovereign Gold Bond (SGB) Scheme, a government initiative aimed at encouraging investments in gold, has fixed the issue price for the latest tranche at Rs 5,926 per gram. This move comes as a significant development in the gold market and…
