The Reserve Bank of India (RBI) has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of Axis Bank for a period of three years. The private lender confirmed the appointment and stated that it has received the central bank's approval for Chaudhry's re-appointment ...

Punjab National Bank (PNB) launched the '6S Campaign' under customer outreach programme to extend financial services at a concessional rate during the festival season. The ‘6S Campaign’ encapsulates different schemes such as – Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp, and Swagat. ...

Kotak Mahindra Bank Ltd (KMBL) launch Micro ATMs across the country. Customers of all banks who possess a debit card can use a Kotak Micro ATM for key banking services such as cash withdrawals and checking account balances. A mini version of an ATM, micro ATMs are small handheld devices. The bank ...

Karnataka Vikas Grameena Bank (KVGB) sponsored by Canara Bank Bank has bagged two awards from Pension Fund Regulatory and Development Authority (PFRDA) for significant enrolment under Atal Pension Yojana (APY). KVGB Chairman P. Gopi Krishna received awards from PFRDA Chairman Supratim ...

International Financial Services Centres Authority (IFSCA) and GIFT City launched I-Sprint’21, the global FinTech Hackathon Series of IFSCA on 7th October 2021 at 11.30 AM IST. The first Sprint of the series is “Sprint01: BankTech”, which focuses on FinTechs for the Banking ...

Kotak Mahindra Bank Limited (KMBL) has announced that it has received approvals from the Government of India for the collection of direct and indirect taxes such as income tax and goods and services tax through its banking network. With this, the bank becomes the first scheduled private ...

The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring. This means the bank will no longer face strict lending restrictions that were put in place by the RBI. RBI said ...

The World Bank Group has decided to stop publishing its “Doing Business report on country investment climates” because of allegations of irregularities. This decision was taken in the backdrop of the probe of data irregularities allegedly because of the pressure by top bank officials, for ...

The Reserve Bank of India (RBI) has given its approval for the re-appointment of V. Vaidyanathan as the Managing Director (MD) & Chief Executive Officer (CEO) of the IDFC First Bank. Mr. Vaidyanathan has been appointed for a further period of three years, which will be effective from ...

Bank of Baroda, announced that the bank has Ranked #1 with a total of 86% marks on the scorecard issued by the Ministry of Electronics and Information Technology (Meity) for the month of February and March 2021. The scorecard ranks 44 banks (Public Sector Banks, Private ...