RBI has cancelled the licence of Vasantdada Nagari Sahakari Bank with immediate effect from January 11, 2021 The bank will not be allowed to conduct the business of ‘banking’, including acce... Read more

Bandhan Bank has launched ‘Bandhan Bank Shaurya Salary Account’ to provide banking, financial services to Armed Forces and Paramilitary services personnel Key features: Zero-balance salary a... Read more

State Bank of India and Indian Oil Corporation launched a co-branded contactless Rupay debit card. On spent of Rs 200 at IndianOil fuel station, every time customer will get 6 reward points... Read more

Bank of Baroda has signed an MoU with the SIDBI to enable MSMEs to apply online for one-time restructuring (OTR). The bank’s MSME customers can now access the web-based portal, ‘Asset Restru... Read more

IDFC Mutual Funds has launched pan-India investor 360-degree awareness campaign titled #PaisonKoRokoMat. This new campaign urges savers to become investors and explore the smart and modern m... Read more

Punjab National Bank has tied-up with IIT Kanpur and Foundation for Innovation & Research in Science & Technology (FIRST) to set up ‘Fintech Innovation Centre (FIC)’ at the institute... Read more

RBI has introduced Legal Entity Identifier (LEI) system for all payment transactions of value ₹50 crore and above using Centralized Payment Systems operated by RBI like Real Time Gross Settl... Read more

Shivalik Mercantile Co-operative Bank (SMCB) has become first urban co-operative bank (UCB) in India to receive license from RBI to operate as a Small Finance Bank (SFB). SMC bank received c... Read more