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INDIAN BANKS ASSOCIATION
Sitharaman asks public sector banks to get ‘cool’ for Gen Z with courses, lifestyle perksFinance Minister Nirmala Sitharaman wants public sector banks to appear more appealing to young customers. She urged banks to engage direct...- Public sector banks have ‘considerable strength’, says FM Sitharaman; asks them to use it with ‘greater ambition’Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” and urged them to use it with “grea...
- Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovationsThe Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...
- Banks welcome RBI's steady rates, see boost to credit growthThe Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered infl...
- Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
- UPI hits record Rs 29.9 lakh crore in July, 23.66 billion transactionsUPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during ...
- Maldives launches Favara-UPI payment service with IndiaMaldives has launched real-time fund transfers to India using UPI. This integration connects Maldives' Favara system with India's popular p...
- Government sets up India Digital Payment Intelligence Corp to contain cyber fraudsIndia Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. This new entity will share real-time ...
- Supreme Court bars banks from blacklisting lawyers via 'caution' listsThe Supreme Court declared the Indian Banks' Association lacks authority over lawyer caution lists. Such lists are unsustainable in law and...
- UPI transactions moderate to Rs 28.9 lakh crore in June, up 20% YoYUnified Payments Interface (UPI) transactions saw a slight dip in June, reaching Rs 28.9 lakh crore, down from May's record high. Despite t...
- NPCI partners with HSBC India & JP Morgan Payments to enable real-time FX settlement for international UPI paymentsIndia's UPI is set for a global upgrade! The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Pa...
- Indian Banks' Association to push for more reforms, take over EASE agendaIndian Banks' Association or IBA has started its operational office in New Delhi. "IBA in times to come has a very important role to play a...
- Finance ministry requests health, home ministries for vaccination of bank employees on priority basisOut of total strength of 13.5 lakh employees in the banking sector, about 600 unfortunate deaths due to COVID-19 were recorded, as per the ...
- Indian Banks Association may approve 90-day moratorium for all NBFCsNBFCs and housing finance companies had shot off an urgent SOS to the RBI claiming that they will run out of cash by May-June if they don’t...
- Indian Banks Association elects Rajnish Kumar as chairmanSBI's head Rajnish Kumar has been elected as the chairman of Indian Banks Association for fiscal 2019-20. UBI's G Rajkiran Rai, S S Mallika...
- Indian Banks Association discusses PNB fraud"The discussion centred around how to recover the money [from those involved in the fraud]," said a banker without disclosing the details.
- Bank of Baroda aftereffects: CBI to engage with Indian Banks AssociationCBI Director Anil Sinha will be meeting heads of banks at a seminar where issues related to banking frauds will be discussed.
- Indian Banks Association wants government to lower rates on small savings schemeThe Indian Banks Association (IBA) today said it has urged the Finance Ministry to bring down interest rates on small savings schemes such ...
- Indian Banks Association to sign wage revision pact with banks unions on MondayBank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA) on Monday, one o...
- Indian Banks' Association recommends modifications in student loansAt a time when rising defaults from education loans are haunting Indian state-run lenders, the government has asked banks to increase their...
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