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Bank strike disrupts PSB operations across states, digital services normal
The strike affected over-the-counter services, cash transactions, and cheque clearances....
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South Indian Bank says RBI approves Mahesh Muralidhar Pai’s appointment as MD, CEO
RBI has approved Mahesh Pai as the new MD & CEO for 3 years, starting from October 1, 2026. The
Indian bond yields hit three-week high as oil surge revives inflation fears
When oil becomes expensive, inflation fears rise, so bond yields also go up. The 10-year government bond yield increased from
SBI seeks priority sector status for all infra loans to boost investment
SBI (State Bank of India) has suggested a change to increase investment in infrastructure (like roads, railways, power, etc.). It
Credit card penetration lags in India despite better asset quality
Credit card use in India is still quite low, even compared to other developing countries, according to TransUnion CIBIL. Only
Axis Bank leads large private banks in loan, deposit growth in Q1FY27
Banks saw good growth in loans during April–June (Q1 FY27) because businesses needed more working capital loans due to rising
Bank of Maharashtra reports 27% loan growth, 13% deposit growth
Bank of Maharashtra showed strong growth this year: Total loans (advances) increased by 27%, reaching about ₹3.06 trillion Loans in
NBFCs drive securitisation issuances to record first-quarter high
NBFCs (non-banking financial companies) helped India’s securitisation market achieve its best-ever first quarter. The total amount increased by 22% compared
SBI to hire 1,500 probationary officers this year to drive business growth
State Bank of India (SBI) is planning to hire 1,500 probationary officers (POs) this year to grow its business. Out
ToneTag unveils AI banking assistant for millions of small merchants
ToneTag has launched eKosha, an AI-powered voice assistant for merchants. It turns payment devices (POS machines) into banking service points,