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BANKING REGULATIONS
Banks seek RBI nod to use new rules for old trade mismatchesBanks want RBI approval to apply new rules for closing old trade deals. These unsettled transactions have accumulated to nearly one lakh cr...
HDFC CEO race: One insider, one outsider in contention for the top jobHDFC Bank has nominated Kaizad Bharucha and an external candidate for the top leadership role. The bank seeks a six-month tenure rule relax...
HDFC Bank submits two candidates to RBI for next CEOIndia's largest private lender HDFC Bank has submitted the names of two candidates to the Reserve Bank of India for the position of man...
Saturday bank holiday: Are banks open or closed this Saturday, September 12, 2026?Bank Holiday Today: Banks in India observe closures on the second and fourth Saturdays of the month, as well as on Sundays and other region...
FM Sitharaman pushes RBI to sharpen digital rupee as tokenisation takes offFinance Minister Nirmala Sitharaman urged the Reserve Bank of India to advance digital rupee pilots. She highlighted tokenisation's role in...
Sitharaman calls AI a ‘double-edged sword’, urges soft-touch regulation and faster digital rupee pushFinance Minister Nirmala Sitharaman highlighted artificial intelligence as a double-edged sword for financial systems. She advocated for a ...
Selling insurance but not handling customer grievances: IRDAI fines IndusInd Bank Rs 1 crore; here's what policyholders should knowIndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism fo...
GFF 2026: Digital finance has scaled, now trust and resilience must catch up, says RBI’s Deputy Governor MurmuIndia's digital finance sector now prioritizes trust and resilience over access. Technology transforms finance, but trust remains the essen...
₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...
SBICAP Securities partners with Appreciate for global market access via India INX GA, NSEIXGASBICAP Securities has partnered with Appreciate Broking IFSC to give retail investors regulated access to more than 8,000 US stocks and glo...
BIS chief Pablo Hernández de Cos warns of a second-round inflation threat from energy pricesCentral banks must monitor energy price impacts and potential second-round inflation effects. Global regulatory coordination is crucial for...
RBI announces 26-day VRRR auction to absorb Rs 5 lakh crore surplus liquidityThe Reserve Bank of India plans a significant 26-day auction this Friday, targeting the withdrawal of Rs 5 lakh crore from the inter-bank m...
New Zealand woman opens bank account in US after migration. Banks locks here $40,000 dollarA New Zealand woman faced a harrowing experience after depositing forty thousand dollars. Her newly opened Chase bank account was locked an...
Nandan Nilekani unveils three tokenisation pilots at Global Fintech Fest 2026Regulators and central banks expressed concerns regarding cryptocurrencies and stablecoins. Nandan Nilekani highlighted tokenization's pote...
JPMorgan, Jane Street probes show India scrutinizing Wall StreetIndia’s market regulator Sebi is intensifying scrutiny of global financial firms, targeting entities linked to JPMorgan, Jane Street, Bank ...
JPMorgan unit, Mansi Share gets nod to trade, but can’t participate in CASSebi has removed trading restrictions on Copthall Mauritius Investment and Mansi Share after they deposited questionable gains with the reg...
RBI approves ICICI Prudential AMC’s up to 9.95% stake buy in AU Small Finance BankThe Reserve Bank of India has approved ICICI Prudential Asset Management Company's proposal. This approval allows an aggregate holding of u...