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Amitabh Chaudhry Secures Third Term as Axis Bank CEO: A New Era Begins
In a significant development for the banking sector, Axis Bank’s Managing Director and CEO, Amitabh Chaudhry, has received the Reserve Bank of India’s (RBI) approval
SBI Extends Fixed Deposit Schemes: Amrit Kalash and Amrit Vrishti
The State Bank of India (SBI) has recently extended its popular fixed deposit (FD) schemes, Amrit Kalash and Amrit Vrishti, until March 31, 2025. Initially
Lenders Shift Focus to Credit Vetting for Jan Dhan Accounts
As the financial landscape evolves, lenders are placing increased emphasis on credit vetting processes for Jan Dhan account holders. Recent developments indicate a shift towards
Visa’s Vision for Digital Inclusion: Insights from Kelly Mahon Tullier at AtomNews WLF 2024
At the AtomNews World Leaders Forum 2024, Kelly Mahon Tullier, Vice Chair and Chief People and Corporate Affairs Officer at Visa, shared her vision for
India and Russia Consider Dynamic Rupee-Rouble Exchange Rate to Bypass Dollar Trade Barriers
In order to avoid using the dollar in bilateral commerce, India and Russia are actively negotiating the establishment of a dynamic rupee-rouble exchange rate and
UPI and IMPS Services Temporarily Offline Due to Ransomware Attack
The National Payments Corporation of India (NPCI) has announced that several banks’ UPI, IMPS, and other payment systems are temporarily offline due to a ransomware
Indian Banks Seek Stability Amid Mobile Banking Boom
In a striking turn of events, Indian banks are navigating a paradox. Despite transferring a staggering $2.5 trillion, or 80% of India’s GDP, through smartphones
Government Nears Final Stage Of IDBI Bank Sale
The Indian government is in the final stages of identifying suitable bidders for a majority stake in IDBI Bank, according to Tuhin Kanta Pandey, Secretary
Indian Banks Dive Deeper Into Short-Term Debt
The country’s lenders are increasingly turning to short-term debt instruments to meet the soaring demand for loans. Certificates of deposits (CDs) issued by banks have
Indian Banks Enhance Deposit Rates Amidst Policy Changes
Indian banks are pushing special deposit programs with higher interest rates in an attempt to draw in retail deposits. Banks are providing deposit rates for