by Team Small News | Mar 21, 2025 | Banking, IndusInd Bank, RBI
IndusInd Bank is set to appoint an independent firm to investigate discrepancies in its derivatives business, following a Reserve Bank of India (RBI) directive. The bank had been under scrutiny after it was found to have deviated from the regulatory norms and... by Team Small News | Mar 20, 2025 | Banking, Jammu and Kashmir Bank, RBI
To mark World Consumer Rights Day on March 15th, Jammu and Kashmir Bank has launched a month-long awareness campaign to educate its customers about their rights and grievance redressal mechanisms. The initiative is aligned with the Reserve Bank of India’s (RBI)... by Team Small News | Mar 20, 2025 | Banking, RBI
A recent news report by Lokmat Times has sparked speculation that Indian banks will switch to a 5-day workweek starting from April 2025, citing a new regulation allegedly issued by the Reserve Bank of India (RBI). According to the report, banks would remain closed on... by Team Small News | Mar 19, 2025 | Bank of Maharashtra, Banking, Indian Overseas Bank, Punjab National Bank, RBI
Indian Overseas Bank has received approval from its board to raise Rs 10,000 crores through the issuance of long-term infrastructure bonds. The funds will be used to finance and refinance infrastructure and affordable housing projects. This move is part of the... by Team Small News | Mar 19, 2025 | Banking, RBI
Life Insurance Corporation of India (LIC) has made a request to the Reserve Bank of India (RBI) to introduce 100-year government bonds. This move is aimed at reducing the country’s growing fiscal deficit and attracting long-term investors to the country’s... by Team Small News | Mar 18, 2025 | Axis bank, Banking, IndusInd Bank, RBI
IndusInd Bank raised 11,000 crores in certificates of deposit (CDs) on Monday, a significant move to shore up its funding position following a 2,000 crore accounting discrepancy in its derivatives book. The bank issued CDs across six maturities, ranging from three...