Sonam WanSonam Wangchuk Lists 3 Conditions To End Hunger Strikegchuk Lists 3 Conditions To End Hunger Strike
Here’s a rewritten version with slightly changed wording (simple and clean): Activist Sonam Wangchuk, who has been on a hunger strike for over 20 days, has agreed to call off his fast today, but only if his three demands are met. In a handwritten letter shared from what he described as his “illegal detention” at […]
HDFC Bank gets RBI nod for former CEC Rajiv Kumar as part-time chair
HDFC Bank, India’s largest private sector lender, on Wednesday said the Reserve Bank of India has approved the appointment of former Chief Election Commissioner Rajiv Kumar as the bank’s part-time chairman for a period of three years, effective July 15. Kumar is likely to chair his first board meeting on July 18, when the bank’s […]
Banks courting corporate clients for merger and acquisition financing
Leading domestic lenders have started reaching out to their large corporate clients, including conglomerates, to position themselves for merger and acquisition (M&A) financing, after the Reserve Bank of India guidelines allowing banks to fund such deals came into effect on July 1. State-owned banks are exploring partnerships with foreign banks, while private-sector peers are relying […]
PNB partners Digital India BHASHINI to offer multilingual AI banking
Public sector lender Punjab National Bank (PNB) has entered into a Memorandum of Understanding (MoU) with Digital India BHASHINI Division (DIBD) to enable multilingual AI banking services. Through this collaboration, BHASHINI’s advanced multilingual AI features will be integrated into PNB’s digital platforms, the bank said in a statement on Thursday. This initiative will allow customers […]
Actor Suchitra Krishnamoorthi in tiff with ICICI Lombard, likens claim process
Actor Suchitra Krishnamoorthi has publicly spoken out against ICICI Lombard over the rejection of her health insurance claim. Actor Suchitra Krishnamoorthi has raised allegations against ICICI Lombard regarding the denial of her insurance claim. Actor Suchitra Krishnamoorthi has voiced strong criticism of ICICI Lombard after her health insurance claim was turned down. Actor Suchitra Krishnamoorthi […]
How companies raise short-term funds
Companies are increasingly opting for commercial papers (CPs) to raise short-term funds rather than depending solely on bank loans. As per data from the Reserve Bank of India, firms raised ₹5.37 trillion through CPs in the April–June quarter of FY27, marking the highest quarterly mobilisation in the past 18 quarters. In June alone, issuances touched […]
Moody’s Ratings affirms SBI, HDFC Bank ratings on strong asset quality
Moody’s Ratings on Tuesday reaffirmed the ratings of State Bank of India and HDFC Bank, maintaining a stable outlook, citing strong asset quality. In separate statements, Moody’s confirmed the ‘Baa3’ long-term deposit ratings along with the ‘baa3’ Baseline Credit Assessment (BCA) and adjusted BCA for both SBI and HDFC Bank. “SBI’s rating affirmation with a […]
Insurance distribution lifts fee income at most public sector banks in FY26
Public sector banks recorded higher commission income from insurance sales in FY26, with most lenders reporting growth in this segment. However, earnings from mutual fund distribution showed a mixed trend, as some banks witnessed an increase while others reported a decline. According to an analysis of annual reports by PTI, the country’s largest lender, State […]
RBI directs bank boards to sharpen strategic focus
The Reserve Bank of India on Tuesday issued revised guidelines to streamline the matters placed before bank boards, aiming to improve the efficient use of board time and encourage more focused discussions on strategy and risk oversight. The updated directions also require boards to clearly identify the matters that need their approval and to regularly […]
RBI DG Swaminathan to internal ombudsmen
RBI Deputy Governor Swaminathan J has urged Internal Ombudsmen (IOs) to focus on identifying recurring issues and improving customer complaint resolution across financial institutions. Speaking at the annual Internal Ombudsmen Conference, he emphasized the need for fair, effective, and meaningful resolution of complaints. He also highlighted the importance of root-cause analysis and implementing corrective measures […]