3 min readMumbaiDec 16, 2025 06:35 AM IST ]Highlighting concerns over an acute shortage of small denomination currency notes in the country, the All India Reserve Bank Employees Association (AIRBEA) has urged the Reserve Bank of India (RBI) to ensure adequate supply of these notes. The RBI employees’ union noted that while there was no…
2 min readMumbaiDec 17, 2025 12:00 AM IST The Securities and Exchange Board of India’s (SEBI) board, which is scheduled to meet on Wednesday, is likely to discuss a range of regulatory reforms, including those on mutual funds norms and the Issue of Capital and Disclosure Requirements (ICDR) regulations. The board will also take up the…
4 min readMumbaiDec 18, 2025 02:00 AM IST The Securities and Exchange Board of India (SEBI) on Wednesday announced sweeping reforms, including a revision in base expense ratio limits and a reduction in the fee paid by mutual funds to brokerages. The SEBI board, at its meeting held on Wednesday, considered the recommendations given by…
2 min readMumbaiDec 30, 2025 05:13 AM IST The total amount involved in various banking frauds surged 30 per cent to Rs 21,515 crore in the first six months of the current fiscal, compared to Rs 16,569 crore in the year-ago period, according to a Reserve Bank of India (RBI) report. However, based on the…
2 min readMumbaiJan 18, 2026 04:27 AM IST Private sector lender ICICI Bank on Saturday reported a 4 per cent decline in the profit after tax (PAT) at Rs 11,318 crore in the quarter ended December 2025, impacted by higher provisions. In the year-ago quarter, its net profit stood at Rs 11,792 crore. The bank…
2 min readMumbaiJan 18, 2026 04:29 AM IST HDFC Bank reported an 11.5 per cent jump in profit after tax at Rs 18,653.75 crore in the quarter ended December, from Rs 16,735.50 crore in the year-ago quarter. Net interest income, which is interest earned less interest expended, grew by 6.4 per cent to Rs 32,620…
3 min readMumbaiFeb 1, 2026 01:23 AM IST The country’s largest lender, the State Bank of India (SBI), Saturday launched CHAKRA — Centre of Excellence (CoE) for financing eight sunrise sectors, including renewable energy, advanced cell chemistry and battery storage. Other sunrise domains are data centre infrastructure, smart infrastructure, electric mobility, green hydrogen, semiconductors and…
The Reserve Bank of India (RBI) on Friday proposed that customers will face zero liability if fraudulent digital banking transactions occur due to negligence by lenders. Under draft guidelines issued as part of the ‘Review of Framework of Limiting Customer Liability in Digital Transactions’, lenders would be required to reverse unauthorised transactions if the fraud…
3 min readNew DelhiMar 11, 2026 05:39 AM IST India’s public sector banks (PSBs) earned almost Rs 30,000 crore in the last five financial years as commission or fees from the sale of third-party financial products such as life and non-life insurance, mutual funds, credit cards, and demat accounts, the Ministry of Finance told the…
Over eight months after the central bank relaxed Know Your Customer (KYC) norms in a bid to simplify compliance and reduce inconvenience for customers, complaints from bank account holders show little sign of abating. Despite regulatory efforts to streamline the process and make KYC updation less cumbersome, many customers continue to face repeated requests for…
