Financial inclusion drive: SBI expands presence in Tamil Nadu; 14 new branches opened
State Bank of India is expanding its reach in Tamil Nadu, inaugurating 14 new branches, two Home Loan centers, and Rural Self Employment Training Institutes. ...
PSB credit growth: Public lenders outpace private peers for first time since 2010
Public sector banks have demonstrated a remarkable resurgence, achieving their highest advance growth since 2010 at 12.2% in FY25, surpassing private banks for the first ...
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 ...
