SBI World’s Best Consumer Bank 2025 awarded by Global Finance for digital banking, financial inclusion, and customer-centric innovations in India. 🏦 State Bank of India (SBI) Named ‘World’s Best Consumer Bank 2025’ by Global Finance The State Bank of India (SBI) has been honored with two prestigious awards by Global Finance: ‘World’s Best Consumer Bank…
AU Small Finance Bank universal license news: RBI approves AU SFB as India’s first small finance bank to become a universal bank, expanding its services and market reach. AU Small Finance Bank Gets RBI Nod for Universal Bank Status: A Landmark Achievement RBI Grants Universal Bank License to AU Small Finance Bank The Reserve Bank…
IndusInd Bank New CEO 2025: Rajiv Anand appointed as MD & CEO effective August 25 following RBI approval. Learn about his background, the ₹2,000 crore forex crisis, and key challenges ahead for the private lender. IndusInd Bank Appoints Rajiv Anand as New Managing Director & CEO IndusInd Bank has officially appointed Rajiv Anand as its…
RBI Financial Stability Report June 2025 reveals low NPA ratio, record-high CRAR, and key monetary easing measures. Must-know details for bank, UPSC, and SSC exam aspirants. 📊 RBI’s Financial Stability Report – June 2025: A Deep Dive Overview of the Report The Reserve Bank of India (RBI) released its biannual Financial Stability Report (FSR) in…
Indian Banks’ Profitability Soars with Low NPAs and Strong Credit Growth Introduction to Indian Banks’ Financial Growth The Indian banking sector has witnessed an unprecedented surge in profitability, marked by a decline in Non-Performing Assets (NPAs) and robust credit growth. This positive trend underscores the resilience and improved health of the financial institutions in the…
RBI Approves Temasek Unit’s Stake Hike in AU Small Finance Bank Introduction to the News The Reserve Bank of India (RBI) has approved the proposal for Temasek Holdings, a Singapore-based investment firm, to increase its stake in AU Small Finance Bank. Temasek, through its subsidiary, has sought to raise its stake from the existing 15%…
RBI Clears Kotak Mahindra Bank’s Digital Onboarding Ban – A Game-Changer for Banking Sector Introduction to the News The Reserve Bank of India (RBI) has officially lifted the ban on Kotak Mahindra Bank’s digital onboarding process. The ban was imposed in 2022 due to concerns over certain regulatory issues with the bank’s procedures for onboarding…
Public Sector Banks Record Net Profit of Rs 85,520 Crore in First Half FY2024-25 Introduction: Public Sector Banks’ Strong Financial Performance In the first half of the fiscal year 2024-25, public sector banks (PSBs) in India have reported a significant surge in their net profits. According to recent data, these banks collectively recorded a net…
Deutsche Bank Infuses ₹5,113 Crore to Boost India Operations Deutsche Bank, one of the leading global financial institutions, has announced a substantial investment of ₹5,113 crore to enhance its operations in India. This move comes as part of the bank’s strategy to strengthen its position in the Indian market, which has been growing rapidly in…
Canara Bank Aims for ₹60,000 Crore Recovery in H2 FY25 Introduction to Canara Bank’s Recovery TargetCanara Bank, one of India’s largest public sector banks, has set an ambitious target to recover ₹60,000 crore in the second half of the fiscal year 2024-25 (H2 FY25). This strategic initiative is part of the bank’s broader objective to…
