EbixCash World Money Limited has become Authorised Dealer Category-II entity in India to receive RBI approval on a perpetual basis to facilitate trade remittances. EbixCash […]
Tag: Banking
UCO Bank Q1 profit rises 8 per cent to Rs 656 crore
UCO Bank has reported a net profit of Rs 656 crore for the quarter ended June 30, 2026, registering a growth of 8.05 per cent […]
GlobalPay unveils Forex card distribution platform
WSFx Global Pay Ltd. has launched GlobalPay Connect, a Forex Card Distribution Platform designed to enable RBI-authorized forex businesses to become Authorized GlobalPay Forex Card […]
Axis Bank posts 23 per cent rise in Q1 profit
Axis Bank reported a strong start to FY27 with a 23 per cent year-on-year increase in standalone net profit to Rs 7,114 crores for the […]
IDBI Bank reports 5 per cent rise in Q1 FY27 net profit to Rs 2,115 crore
IDBI Bank reported a net profit of Rs 2,115 crore for the quarter ended June 30, 2026, registering a 5 per cent year-on-year increase from […]
RBI proposes easier approval norms for institutional bank stake acquisitions
The Reserve Bank of India (RBI) has proposed amendments to simplify the approval process for institutional investors seeking to acquire or increase major shareholding in […]
Karnataka Bank launches digital supply chain finance platform with CredAble
Karnataka Bank has partnered with CredAble to launch its first fully digital Supply Chain Finance (SCF) platform, marking a significant step in the bank’s digital […]
MeitY releases 2ⁿᵈ edition of Digital Threat Report 2025-26 for India’s BFSI sector with SISA
The Ministry of Electronics and Information Technology (MeitY), along with the Indian Computer Emergency Response Team (CERT-In), the Computer Security Incident Response Team in Finance […]
Central Bank of India opens IFSC Banking Unit at GIFT City
Central Bank of India has inaugurated its International Financial Services Centre (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City), marking a significant […]
RBI proposes AI risk management framework for banks
The Reserve Bank of India (RBI) has proposed new guidelines requiring banks and other regulated entities to strengthen the management of risks associated with artificial […]