Subrata Panda

RBI's draft rules propose compensation of up to ₹25,000 for digital fraud losses of up to ₹50,000, even in cases of customer negligence, if reported within five days

SBI, HDFC Bank, ICICI Bank, and Axis Bank are the Indian banks who have supported the new framework

IIFL Finance has appointed EY to conduct due diligence for a possible stake sale in its MFI arm Samasta, as the lender evaluates strategic options amid pressure on the microfinance portfolio

Axis Bank partners Tesla to offer tailored EV financing solutions, including loans with up to 10-year tenure and a fully digital loan process aimed at easing the purchase journey

A ban on bank funding for proprietary trading, stricter collateral rules and higher haircuts are expected to hurt pvt banks' exposure and fee income, while shifting brokers toward CP, NBFC borrowing

RBI Deputy Governor Swaminathan J says India's path to Viksit Bharat@2047 depends on productive capital allocation, meaningful financial inclusion and strong customer protection

Bank's transition into SFB on track; no financial impact so far from the events that have unfolded

Das highlighted that India is now witnessing a rapid transformation fuelled by the so-called 'triple threat' of progress: innovation, disruption and the birth of entirely new business models

Fino is the first and the only payments bank so far to apply for conversion into an SFB

The bank will look to dilute a minimal stake in the wholly owned NBFC now that norms on overlapping business have been relaxed by the central bank

Gold loans overtake auto loans as the second-largest retail segment, with rapid growth driven by soaring gold prices and rising borrower demand

HSBC India's CY25 pre-tax profit rose 10.5% to $1.9 billion, led by strong corporate banking performance, as India became its second-largest Asian profit contributor after Hong Kong

IDFC First Bank refunds Rs 583 crore to Haryana government after detecting a Rs 590-crore fraud, engages KPMG for a forensic audit and works with authorities on recovery

Fortnightly issuance hits ₹1.34 trn; outstanding at record ₹6.62 trn

RBI Gov says issue not systemic; bank term it an isolated incident

In a notification issued on February 18, the state government stated that no government funds will henceforth be parked, deposited, invested, or transacted through these banks

IDFC First Bank says the Rs 590 crore fraud at its Chandigarh branch was an isolated case, suspends staff, appoints KPMG for forensic audit, and asserts it has adequate buffers to absorb the impact

Affected accounts belong to Haryana govt ; 4 suspended

DFS Secretary M Nagaraju asked banks to lower borrowing costs for small-ticket business loans and expand credit, stressing PSBs' strong capital position and upcoming digital lending portals

It has nearly ₹1 trn capacity to lend towards this segment; bank to file prospectus with Sebi by March for SBI MF IPO