by Team Small News | Mar 27, 2025 | Banking, RBI, State Bank of India
The Telangana High Court is investigating the role of banks, particularly the State Bank of India (SBI) Keezhmad branch in Ernakulam, Kerala, in cyber fraud cases. The court is examining whether the bank adhered to Reserve Bank of India (RBI) guidelines when allowing... by Team Small News | Mar 26, 2025 | Banking, Central Bank of India, HDFC Bank, RBI
The Reserve Bank of India (RBI) has imposed penalties on several banks, including HDFC Bank, Punjab and Sind Bank, for non-compliance with Know Your Customer (KYC) norms. HDFC Bank has been slapped a penalty of Rs 75 lakh by the RBI, while Punjab and Sind Bank has... by Team Small News | Mar 26, 2025 | Banking, ESAF Small Finance Bank, RBI
The ESAF Small Finance Bank (ESAB) is facing significant challenges amidst a decline in its performance metrics. As a small finance bank, ESAB focuses on providing financial services to underserved communities, particularly in rural and semi-urban areas. The... by Team Small News | Mar 25, 2025 | Banking, Punjab National Bank, RBI
Punjab National Bank (PNB) has announced an extension of the deadline for customers to update their Know Your Customer (KYC) details. The new deadline is now April 10, 2025, to comply with the Reserve Bank of India’s (RBI) guidelines. To maintain active... by Team Small News | Mar 25, 2025 | Banking, RBI
The Reserve Bank of India (RBI) conducted a $10 billion rupee buy-sell swap auction to tackle the persisting deficit in banking system liquidity since mid-December. The auction received bids worth $22.3 billion, more than double the notified amount, with an average... by Team Small News | Mar 24, 2025 | Banking, RBI
The Reserve Bank of India (RBI) conducted a $10 billion rupee buy-sell swap auction, receiving bids worth $22.3 billion, more than double the notified amount. The average premium of accepted bids was 592 paisa, higher than market expectations of 580-590 paisa. This...