The Reserve Bank of India has set up a committee to review the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it. The six-member committee headed by former RBI deputy governor B P Kanungo. He will submit ...

The New Development Bank (NDB) will open its first regional office in India at the Gujarat International Finance Tec-City (GIFT City) to cater to infrastructure and sustainable development needs of the country. The Indian Regional Office (IRO) will ...

RBL Bank has tied up with Amazon Web Services to offer UPI payments. The bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions. With this integration, Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl to RBL Bank. ...

According to a Department of Post circular, the NEFT facility has been made available for Post Office Savings Accounts holders from May 18, 2022, and RTGS facility will be available from May 31, 2022. This facility enables POSB customers to transfer funds to and ...

Assam Rifles inked a Tripartite MoU with Axis Bank and National Integrity and Educational Development Organisation (NIEDO) to establish a Centre of Excellence and Wellness to secure a better future for the youth of Nagaland. The centre named after ...

According to the Reserve Bank of India (RBI), the Public sector banks have reported over a 51% dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022. The 12 PSBs had reported frauds worth Rs 81,921.54 crore in the preceding ...

The Reserve Bank of India (RBI) has levied a monetary penalty of 59 lakh rupees (Rupees Fifty Nine Lakh only) on KEB Hana Bank (the bank) for non-compliance with RBI’s “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016” by a decision dated May 12, 2022. This penalty was issued in ...

ICICI Bank, one of India’s largest private sector banks, established a partnership with Santander Bank in the United Kingdom, aimed at making banking easier for businesses operating in both countries. The ICICI and Santander UK Plc signed a MoU in Mumbai to build ...

Private sector lender HDFC Bank has launched a 30-minute ‘Xpress Car Loans’ for its existing customers as well as new customers. Buyers can apply for up to Rs 20 lakh and the loan amount will be credited to the dealers’ accounts within 30-minute. The bank has integrated its lending ...

Indian Bank has unveiled a digital broking solution named E-Broking, which allows customers to open a Demat and trading account. E-Broking is a strategic step toward a complete digitalisation of its offerings to customers. IndOASIS (mobile banking application) also offer a ...