The Reserve Bank of India (RBI) has slapped penalties on five major banks, including ICICI Bank, Bank of Baroda, Axis Bank, and two others.

by | May 3, 2025 | Axis bank, Bank of Baroda, Bank of Maharashtra, Central Bank of India, ICICI Bank, IDBI Bank, RBI

The Reserve Bank of India (RBI) has imposed penalties on five major banks, including ICICI Bank, Bank of Baroda, Axis Bank, IDBI Bank, and Bank of Maharashtra, for non-compliance with various regulatory directions. The penalties, ranging from ₹29.60 lakh to ₹97.80...
Effective immediately, these transactions will incur higher costs

Outshining ICICI Bank and Axis Bank, HDFC Bank’s interest rates are the lowest – See the latest rates from India’s top private lender – Personal Finance

by | Apr 13, 2025 | Axis bank, Bank of Baroda, HDFC Bank, ICICI Bank, Punjab National Bank, RBI, State Bank of India

HDFC Bank, India’s second-largest bank by assets, has reduced its interest rate on savings accounts by 25 basis points to 2.75%. This reduction is effective from April 12 and applies to savings accounts with balances less than Rs 50 lakh, earning an interest...
Effective immediately, these transactions will incur higher costs

Widespread disruption: India’s UPI transaction system crashes, leaving users unable to access multiple apps and services nationwide | Top News Stories

by | Apr 12, 2025 | Axis bank, Bank of Baroda, HDFC Bank, ICICI Bank, IDBI Bank, IDFC Bank, Indian Bank, IndusInd Bank, State Bank of India

A major outage affected several UPI (Unified Payments Interface) apps on Saturday, preventing users from sending and receiving money. According to data from Downdetector, a website that tracks app outages, over 2,300 reports of UPI issues were submitted around 1 PM....