Foreign Banks Seek Flexibility on LEF Rules for Nostro Accounts
Banking

Foreign Banks Request Flexibility on LEF Rules for Nostro Accounts

Foreign banks are pleading with the banking regulator to be more forgiving when it comes to adhering to the large exposures framework (LEF) of the

Introducing Pi and Phi Credit Cards by YES BANK and ANQ Finance
Banking

YES BANK and ANQ Finance Introduce Pi and Phi Credit Cards

Two new credit cards, called Pi and Phi, have been introduced by YES BANK and ANQ Finance. These cards provide special advantages and features for

RBI Orders TalkCharge to Halt Wallet Issuance, Refund Balances
Banking

RBI Issues Directive to TalkCharge: Cease Wallet Operations and Refund Balances

The Reserve Bank of India (RBI) has once again intervened in the operations of payments platform TalkCharge Technologies, instructing it to discontinue the issuance of

Banking

HDFC Bank & Startups: Funding Dreams & The Floating House

This news segment dives into HDFC Bank’s efforts in two key areas: fostering the Indian startup ecosystem and promoting social impact through innovative projects. HDFC

India Index Boost: More Liquidity for Banks?
Banking

Kotak Mahindra Bank Anticipates Improved Liquidity for Banks with India Bond Inclusion in JPMorgan Index

Kotak Mahindra Bank Ltd., a leading Indian private bank, expects the inclusion of Indian sovereign bonds in JPMorgan Chase & Co.’s global indexes to be

Finmin Urges Enhanced KYC, Due Diligence for Merchants
Banking

Finmin Advocates Enhanced KYC and Due Diligence for Merchants and Business Correspondents

Addressing Financial Frauds: The Finance Ministry’s Proposal The finance ministry is advocating for stricter Know Your Customer (KYC) procedures and thorough due diligence by banks

A visual representation of the changing Indian lending landscape, featuring a bank and a fintech company shaking hands, symbolizing collaboration in the face of digital transformation.
Banking

Fintech Revolution: Banks Reclaim Territory in the Evolving Lending Landscape

The Indian lending landscape is undergoing a significant transformation, driven by the rapid adoption of digital technologies and the emergence of innovative financial technology companies

Split image: Amazon Pay logo, phone with successful payment confirmation.
Banking

Amazon Pay Secures Coveted Payment Aggregator License from RBI

Amazon Pay, the financial technology arm of e-commerce giant Amazon, has received a significant boost in its operations by securing a Payment Aggregator (PA) license

Gavel striking down on "Wilful Defaulter" with IL&FS logo.
Banking

IL&FS Seeks Court Intervention to Avoid Wilful Defaulter Classification

The Infrastructure Leasing & Financial Services (IL&FS) Group, once a leading player in the Indian infrastructure financing sector, is facing a new challenge. The company,

Split image: Person checking stock market app, person counting money with bank passbook.
Banking

Savers Seek Higher Returns: Bank Deposits Lose Ground to Equity Investments

A paradigm shift is underway in the Indian savings landscape, with traditional bank deposits facing stiff competition from higher-yielding equity instruments.** This trend, particularly pronounced