Subrata Panda

RBI draft proposes up to ₹25,000 compensation for small digital frauds

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

SWIFT: Global banks to roll out new norms to speed up cross-border payments

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

IIFL Finance hires EY for due diligence on potential Samasta stake sale

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 with Tesla to offer tailored financing solutions

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

RBI's CMI norms set to impact private banks more due to higher exposure

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

Productive capital, inclusion key to next growth phase: RBI Dy Guv

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

Fino PB sees no uncertainty over SFB nod from RBI after CEO's arrest

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

Visible signs of pickup in private investment cycle: Shaktikanta Das

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's SFB transition unlikely to be hit by CEO's arrest: Experts

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

Axis Bank seeks RBI nod to retain maximum possible equity in subsidiary

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 pip personal loans in retail segment in Q3FY26, shows data

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 pre-tax profit increases 10.5% to nearly $1.9 billion

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 pays ₹583 cr to Haryana govt after detecting fraud

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

Banks step up CD borrowing as deposits lag credit growth: RBI data

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

Chandigarh branch fraud: IDFC First Bank to pay Haryana govt ₹590 cr soon

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

Shares of AU SFB tanks nearly 7% on de-empanelment by Haryana govt

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 calls Chandigarh fraud 'isolated' incident, says impact limited

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

IDFC First Bank reports ₹590 crore fraud at its Chandigarh branch

Affected accounts belong to Haryana govt ; 4 suspended

DFS secy urges banks to lower cost of borrowing for small-ticket biz loans

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

SBI in talks with Japanese lenders for acquisition financing: C S Setty

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