Banking

RBI takes a step towards daily credit reporting

The circular also introduces CKYC number reporting, uniform data validation protocols, and monthly data quality index (DQI) scores, laying the…

September 30, 2025 21:50 IST

Banks in several parts of the country will remain closed tomorrow

Are banks open on September 30? Check complete list here

Banks will be closed on September 30 in select cities for Durga Puja. Online and mobile banking services remain active.…

September 29, 2025 18:05 IST

Fresh loan rates start hardening

While public sector banks (PSBs) appear more aggressive in this repricing, private lenders are also adjusting their rates, more selectively.

September 28, 2025 23:08 IST

Banker of the Year-Axis Bank-Amitabh Chaudhry, MD and CEO FINAL PIC

FE Best Banks Awards 2025: Axis Bank’s Amitabh Chaudhry named Banker of the Year; Check full winners list here

Union Home Minister Amit Shah, who was the chief guest, hailed the banking sector’s role in supporting India’s economic growth.

Updated: September 26, 2025 12:33 IST

GST 2.0, Credit card, banks, money, e-commerce, NPCI

GST 2.0: Credit card spends up fivefold in 3 days

GST 2.0 boosts consumer spending as credit card transactions surge fivefold in first three days. SBI, BOBCARDS, and RBL Bank…

Updated: September 25, 2025 08:09 IST

public sector banks, PSB, ICRA, banking, banks. MCLR, loans

Fresh loan rates start hardening

Fresh loan rates are rising as banks increase mark-ups to safeguard margins amid uneven deposit cost adjustments. With PSU banks…

September 24, 2025 19:38 IST

Banker of the year awardee Amitabh Chaudhry: The human factor in institution-building

Amitabh Chaudhry, Axis Bank CEO and Banker of the Year awardee, has redefined banking by blending technology, empathy, and inclusivity.…

Updated: September 24, 2025 15:11 IST

System liquidity turns deficit first time in FY26

System liquidity in India fell to a deficit for the first time in FY26, prompting RBI to conduct Rs 1…

September 23, 2025 21:43 IST

Trust is the currency of banking: Rajeshwar Rao

RBI Deputy Governor Rajeshwar Rao says trust is the key currency in banking. AI can enhance credit monitoring, risk scoring,…

September 22, 2025 23:19 IST

IndusInd Bank has appointed Viral Damania as the Chief Financial Officer (CFO) with immediate effect.

IndusInd Bank names Viral Damania as Chief Financial Officer with immediate effect

IndusInd Bank named Viral Damania as its new CFO, succeeding interim finance leadership, as the bank undergoes major changes after…

September 22, 2025 16:10 IST

NaBFID launches partial credit enhancement facility

In order to address the infrastructure spending requirement, India must tap into its domestic reservoirs of patient capital, specifically the…

September 18, 2025 19:56 IST

System liquidity falls to 3-month low amid tax outflows

System liquidity dropped to a three-month low of Rs 70,579 crore amid advance tax outflows, pushing overnight money market rates…

September 17, 2025 20:23 IST

Goods and Services Tax, GST, banking, nbfc, Kotak Mahindra Bank, L&T Finance

Banks, NBFCs unveil offers as festival, GST 2.0 approaches

Ahead of GST 2.0 and the festive season, banks and NBFCs are rolling out aggressive offers on loans, credit cards,…

Updated: September 17, 2025 19:50 IST

Rajesh Sharma, managing director, Capri Global

‘We are targeting 30% AUM growth this fiscal,’ says Rajesh Sharma

Capri Global targets 30% AUM growth in FY26, led by gold loans, MSME, and housing finance. MD Rajesh Sharma outlines…

September 16, 2025 22:30 IST

RBI issues final guidelines for payment aggregators

RBI issues final guidelines for payment aggregators: banks exempt from authorisation, NBFCs need approval. Rules mandate Rs 25 crore net…

September 15, 2025 23:43 IST

MSME, microfinance, Fusion Finance, banking, credit, lending

Fusion Finance recalibrates lending strategy

Fusion Finance has cut its loan book by 28% and tightened credit guardrails after rural over-leverage pushed NPAs above 10%.…

September 15, 2025 21:44 IST

Plan to create two super-sized PSBs gets a leg up

As India’s stature in the global economy grows, with the country slated to be the third largest economy by 2027-28,…

September 12, 2025 22:07 IST

Govt to host two-day PSB Manthan for banking reforms

The exchange of ideas will likely touch upon reforms required to increase productivity, deepen digital and data capabilities, and build…

September 11, 2025 10:15 IST

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Indians’ average monthly salary increased by Rs 4,565 in 7 years: Govt data

India News14 min ago

The government’s latest employment report shows a significant rise in average monthly earnings and daily wages, along with a decrease in unemployment and an increase in job stability. The data stated that average monthly salary has increased from Rs 16,538 in July–September 2017 to Rs 21,103 in April–June 2024. The country has added 17 crore jobs in six years.

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