RBI Approves SMBC's India Subsidiary Conversion
The Reserve Bank of India has given in-principle approval to Japan's Sumitomo Mitsui Banking Corporation to convert its Indian branches into a wholly owned subsidiary.
The Reserve Bank of India has given in-principle approval to Japan's Sumitomo Mitsui Banking Corporation to convert its Indian branches into a wholly owned subsidiary.
Sumitomo Mitsui Banking Corporation receives in-principle approval from RBI to establish a wholly owned subsidiary in India, marking a key step in foreign banking expansion.
Standard Chartered Bank has launched a refreshed Priority Banking proposition in India, featuring enhanced digital tools and personalized services for high-net-worth clients.
State Bank of India has increased charges for IMPS money transfers, following a recent hike in ATM transaction fees. Customers will now pay more for instant digital payments.
Borrowers often overlook hidden fees in personal loans, leading to higher costs. Learn about processing fees, prepayment penalties, and other charges to make informed decisions.
RBI Deputy Governor Swaminathan J. warns banks against episodic compliance and opaque AI as digital risks grow. Read his three key messages for the future of banking supervision.
UCO Bank celebrated its 84th Foundation Day in Kolkata, charting a future focused on digital innovation, financial inclusion, and sustainable growth. Read about their vision and achievements.
India's investment banking fees soared to $1.3 billion in 2025, driven by record IPOs and M&A. Jefferies topped the league table with $98.9 million. Read the full analysis.
Bank employee unions across India held demonstrations demanding a five-day work week and opposing privatization. The protest, led by UFBU, highlights staffing and workload concerns.
India's new investment announcements hit Rs 26.62 lakh crore in Apr-Dec FY26, led by electricity & chemicals. Andhra Pradesh, Odisha, Maharashtra attract 50% of proposals. Explore the sectoral & state-wise breakdown.
Indian investment bankers anticipate record bonuses for 2025 after the industry earned a staggering $1.5 billion in fees. Discover which banks led the charge and the outlook for 2026.
Indian banking stocks surge despite RBI rate cuts. Nifty Bank up 16% in 2025. Experts see margin stabilisation & strong loan growth. Top picks: SBI, Kotak, HDFC Bank. Read for full analysis.
RBI's latest report reveals robust health of Indian banking sector with 11.2% balance sheet growth, sustained profitability, and gross NPA ratio falling to 2.2%. Read the full analysis.
AU Small Finance Bank's women-centric savings accounts are transforming financial independence. Discover how tailored features and digital tools are empowering female customers across India.
SBI data reveals 15,956 cyber fraud cases from Jan 2024-Oct 2025, with losses of ₹118.47 crore. Experts warn of rising digital banking risks. Learn how to stay safe.
State Bank of India reported nearly 16,000 cyber fraud cases from Jan 2024 to Oct 2025, with losses exceeding ₹118 crore. Discover the state-wise breakdown and expert insights on digital banking risks.
Delhi's DoE mandates School-Level Fee Regulation Committees by Jan 10. Parents get a direct say in fee proposals. Learn the new process and key dates for 2025-26.
Delhi govt orders all schools to set up fee regulation committees by Jan 10, 2026. New law aims for transparency, with panels to review fee proposals by Jan 25. Read the full story.
Saudi Central Bank (SAMA) introduces a sweeping new fees guide, slashing charges for financing, cards, and digital transfers to make banking fairer and more affordable. Discover the key changes.
The battle between Vanguard's VOO and State Street's SPY for the world's largest ETF crown intensifies. Discover how fee trends are shifting and what it means for retail investors' portfolios. Read more.
Japan's Mizuho Securities buys majority stake in Indian investment bank Avendus for up to $523 million, expanding its footprint in India's fast-growing financial market. Read more.
SBI plans to add 6,500 employees to migrate customers to digital channels via YONO 2.0, aiming to double mobile banking users to 200 million by 2026. Read more.
State Bank of India plans to expand its mobile banking base to 20 crore customers in two years with Yono 2.0. The bank's digital-first 'phygital' strategy includes 10,000 floor managers for support.
RBI's new digital banking framework, effective Jan 1, 2026, tightens bank approvals, mandates explicit customer consent, and bans service bundling. Learn how it protects users.
Fees from US IPOs and stock sales cross 2024's total, hitting $8.78B by Dec 2, 2025. Convertible bonds surge 46%. Discover the key deals and sectors driving growth despite market disruptions.
Sebi's proposal to lower mutual fund expense ratios (TER) could save investors thousands of crores. Learn how a small fee reduction compounds into significant long-term wealth. Check your fund's TER now!
Kolkata Police alerts public about fake SBI WhatsApp channels causing over ₹1 crore losses. Learn how to spot these investment scams and protect your money.
Seasoned banker Ajay Jain joins Arihant Capital Markets to spearhead investment and merchant banking operations, bringing 25+ years expertise to drive business growth.
Discover why Bajaj Finserv BFSI Fund offers compelling investment opportunity with strong fundamentals and attractive valuations in banking sector.
Jharkhand Academic Council increases matric, intermediate exam fees by 35% from 2026. Students, BJP demand rollback. New fees: Rs 980-1,180 for matric, Rs 1,100-1,400 for intermediate.