The Reserve Bank of India (RBI) has released its latest list of Domestic Systemically Important Banks (D-SIBs) for the year 2025, reaffirming the status of three major lenders State Bank of India (SBI), HDFC Bank and ICICI Bank. The announcement based on data as of 31 March 2025, confirms ...
New York / Geneva / Bengaluru: A massive wave of layoffs has hit major corporations worldwide, with nearly 2,00,000 employees facing job cuts across multiple industries. The trend, highlighted by The Kobeissi Letter and confirmed by global financial sources, points to a sweeping transforma...
In one of the biggest developments in India’s financial history, private sector lender RBL Bank is set for a major transformation after Dubai based Emirates NBD Bank P.J.S.C. announced a massive US $3.05 billion investment. The move marks a new chapter not just for RBL Bank but for India’s...
The State Bank of India (SBI) the country’s largest public sector bank, has announced a scheduled maintenance window during which key digital banking services will be temporarily unavailable. The outage is planned for the early hours of Saturday, 25 October 2025, from 1:10 a.m. to 2:10 a.m...
Borrowers struggling with high monthly EMIs could soon breathe easier. The Reserve Bank of India (RBI) has rolled out a major rule change effective October 2025, allowing banks to pass on loan rate cuts faster than before. This means your EMI could drop sooner whenever the bank reduces its...
In a major upgrade to India’s digital payments ecosystem, the National Payments Corporation of India (NPCI) is introducing biometric authentication for UPI transactions. The feature will allow users to verify payments through facial recognition or fingerprint scanning instead of entering a...
In a bold step toward making the Indian rupee more global, the Reserve Bank of India (RBI) has announced that licensed Indian banks (and their overseas branches) will now be allowed to lend in Indian rupees (INR) to residents, businesses, and financial institutions in Bhutan, Nepal, and Sr...
What’s happening The Reserve Bank of India (RBI) has begun shifting its foreign exchange reserve composition reducing its exposure to U.S. Treasury bills and significantly increasing its gold holdings. This move aligns India with a global trend of diversifying away from the U.S. dollar. Ke...
In today’s digital world, our lives are more connected than ever. From banking and shopping to social media and business communication, everything is just a click away. But this convenience comes with risks online scams, frauds, and hackers are constantly looking for ways to steal yo...
In recent times, many borrowers have faced difficulties in repaying loans and credit card dues due to financial stress, job loss, or emergencies. This has unfortunately led to the rise of harassment and threats by unauthorized recovery agents. However, the Reserve Bank of India (RBI) has i...
