Yes Bank stake sale: CCI clears SMBC plan for up to 24.99% holding, Japanese lender set to become top shareholder
The Competition Commission of India (CCI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) proposal to acquire up to a 24.99% stake in Yes Bank. This ...
Bank holiday on August 30: Are banks closed on Saturday? Check state-wise full list
Indian bank operations will proceed normally on August 30, 2025, a fifth Saturday, while digital services remain accessible during holidays. Branch visits are necessary for ...
IndusInd investors block promoter bid for board seats
IndusInd Showdown: Investors Push Back on Promoter Board Seat Nominations The air crackled with tension at IndusInd Bank’s recent annual general meeting (AGM). Forget the ...
Sale of IDBI Bank a step closer after LIC gets Sebi nod
IDBI Bank Disinvestment: A New Chapter Beckons The winds of change are swirling around IDBI Bank. After months of anticipation, the path toward its privatization ...
Yes Bank acquisition: RBI approves SMBC to buy 24.99% stake; CCI nod still pending
The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) plan to acquire up to 24.99% stake in Yes Bank. This follows ...
Generative AI adoption surge: Banking sector set for efficiency leap by nearly 46%
A Reserve Bank of India (RBI) report suggests that Generative AI could boost Indian banking operations by up to 46%. The central bank highlights AI’s ...
Banks can take call on minimum balance, no RBI curbs: RBI Governor Sanjay Malhotra
Banks Get the Green Light: Setting Their Own Minimum Balance Rules For years, that nagging question of minimum balance requirements has been a constant source ...
AU Small Finance Bank to shift HQ to Mumbai
AU Small Finance Bank’s promoters will transfer shares to a non-operative holding company, fulfilling RBI’s requirements for its transition to a universal bank. Following in-principle ...
SBI’s Q1 net rises 10% to Rs 21k cr on strong treasury, forex gains
State Bank of India’s Q1 FY26 consolidated profit rose 9.7% to Rs 21,201 crore, fueled by strong treasury and forex income. While advances grew 11.6%, ...
AU secures in-principle nod for universal bank
RBI has granted AU Small Finance Bank in-principle approval to transition into a universal bank, marking the first such approval in a decade. Founded as ...
