DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International […]
Tag: rbi
SBI hikes lending rate by 5 basis points
State Bank of India (SBI), country’s largest lender, has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) across […]
HDFC Bank onboards 1 lakh customers and 1.7 lakh merchants on CBDC platform
Private lender HDFC Bank on Thursday said it has onboarded over 1 lakh customers and 1.7 lakh merchants under the Central Bank digital currency (CBDC) […]
Pushing e-rupee payments using UPI infra on RBI’s agenda
In what is an ambitious e-rupee payments goal, the Reserve Bank is seeking to drive daily CBDC transactions to 10 lakh from up to 10,000 […]
Aim to increase e-rupee transactions to 10 lakh per day by 2023-end: RBI DG T Rabi Sankar
MUMBAI: The Reserve Bank of India, which is aiming for a million retail central bank digital currency (CBDC) transactions per day by the end of […]
70% of HDFC top executives to step down in integration process
Nearly 70% of the senior management of HDFC, which has merged with HDFC Bank, will step down from executive positions, in a move that could […]
The RBI has just lobbed a disruptor at the card sector
In a recent circular, the Reserve Bank of India (RBI) seems to have fired a shot in India’s war on international card networks. The country […]
PNB launches its virtual branch in the Metaverse
State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which […]
RBI cancels licenses of two co-operative banks
The Reserve Bank of India (RBI) on Wednesday said it has cancelled the banking licenses of two co-operative banks in Maharashtra and Karnataka. The licenses […]
HSBC relaunches private banking in India
Hong Kong and Shanghai Banking Corp Ltd (HSBC) has relaunched its private banking business in India almost eight years after it closed the division amid […]