RBI has imposed restrictions on Mumbai-based cooperative bank, Raigad Sahakari Bank. Reason: Worsening of financial situation of the lender. The restrictions also include a withdrawal limit of Rs 15,000 per customer and it will remain in force for a period of six months. ...

India Mortgage Guarantee Corporation (IMGC) has signed a strategic partnership with RBL Bank to offer mortgage guarantee-backed home loan products to salaried and non-salaried customers. This partnership will help RBL Bank to extend the mortgage guarantee-backed home loans ...

Union Bank of India has announced the launch of a Metaverse Virtual Lounge & Open Banking Sandbox environment. This initiative is in partnership with Tech Mahindra. In the beginning, movies and information on the bank’s deposits, loans, government assistance programmes, digital initiatives, ...

City Union Bank (CUB) signs MoU with Shriram General Insurance, where the bank will distribute the latter’s insurance products through its branches. Under this, Shriram General Insurance will offer personal lines of insurance products like motor, personal accident, home and travel, ...

RBI has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance and Rs 70 lakh on Bank of India for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on 'compliance function in banks' issued ...

Reserve Bank of India (RBI) announced to select to partner with the Mumbai-based Hansa Research Group in order to ogranize field research for the July 2022 cycle of the consumer confidence and inflation anticipation surveys. Reserve Bank of India (RBI) will conduct the ...

The South Indian Bank has signed an agreement with Kerala’s Forest and Wildlife Department to enable digital collection of payments at eco-tourism centres, Vanasree shops, mobile Vanasree units and eco-shops across the State. The Forest Department has set up Vanasree shops and ...

Axis Bank (third-largest private sector bank) has joined hands with EazyDiner to launch of Dining Delights for the bank customers. It offers choice of over 10,000 premium restaurants across India and Dubai. 40% discount on specific credit cards at hand-picked premium ...

Airtel Payments Bank has joined hands with Axis Bank to digitize the cash collection system. Region: India's tier III cities and semi-urban regions. Benefits: Axis Bank to build operational efficiencies in the cash management process, speed up the payment ...

ICICI Bank has launched a digital platform called ‘Campus Power.’ Aim: To help students aspiring to pursue higher education in India and outside the country. This platform will cater the varied needs of the entire student ecosystem comprising students, parents, ...