SMBC Gets RBI Approval for India 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.
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.
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.
West Bengal's IT minister reviews Bengal Silicon Valley progress. LTI Mindtree's massive campus, part of a Rs 2,500 crore investment, will house 25,000 professionals, boosting Kolkata's tech hub ambitions.
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.
Odisha's largest bus terminal in Bhubaneswar is transforming into a transport-cum-business hub with IT firms set to operate from the facility, aiming to increase footfall and boost local vendors.
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.
YEIDA earmarks 500 acres in Sector 11 for an AI and financial services hub. The plan includes data centres and aims to attract global firms, boosting Noida's tech ecosystem. Read more.
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 fostering financial independence with tailored features. Discover how initiatives like #AapkiApniBanking are changing the game.
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.
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.
Gujarat consolidates its position as a top startup hub with 16,700 operational ventures. Initiatives like i-Hub and WEStart fuel growth, creating 1,400 jobs. Discover the state's innovation strategy.
The new Navi Mumbai International Airport (NMIA) is engineered as a multimodal hub with cargo at its core. Discover how it plans to transform India's logistics landscape. Read more.
Major US investments, including from Google, aim to turn Visakhapatnam into a key AI and data center hub. The plan focuses on talent, infrastructure, and a local tech ecosystem, boosting US-India ties.
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.
Kotak Bank CEO Ashok Vaswani argues full ownership of financial subsidiaries is a strategic advantage, criticizing past stake sales by large banks. Discover the long-term value of integrated conglomerates.
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.
RBI consolidates 70 years of banking regulations into 244 master directions, eliminating obsolete rules dating back to 1944. Discover how this simplifies compliance for banks.
RBI simplifies banking compliance by consolidating over 9,400 circulars into 244 Master Directions. A major regulatory overhaul to ease the burden for banks and financial institutions. Read more.
NPCI Bharat BillPay launches Banking Connect for real-time fund tracking. RBI to monitor crypto, gaming transactions instantly. Targets 1 billion monthly bill payments in 4 years.
Union Finance Minister Nirmala Sitharaman announces Amaravati as India's first integrated Financial City, with 15 major banks and institutions establishing headquarters. The project promises 6,500+ jobs and economic transformation for Andhra Pradesh.
Seasoned banker Ajay Jain joins Arihant Capital Markets to spearhead investment and merchant banking operations, bringing 25+ years expertise to drive business growth.
Security researchers discover Sturnus malware targeting Indian Android users through fake apps. The trojan steals banking credentials and records messages from WhatsApp, Telegram, and Signal. Protect your device now!
Maddie McGivern discovered her Chase account showed negative $50 billion after a normal night out. The banking error was later resolved as a technical glitch affecting limited accounts.