Banking

Will re-evaluate universal bank licence application: Jana SFB chief

Jana Small Finance Bank expects 80% profit growth in FY27 as microfinance stress eases, while remaining open to reapplying for a universal banking licence

RBI's Financial Inclusion Index rises to 70 in FY26 on higher usage

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

PNB partners Digital India BHASHINI to offer multilingual AI banking

Public sector lender Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with Digital India BHASHINI Division (DIBD) for facilitating multilingual AI banking. Through this partnership, BHASHINI's advanced multilingual AI capabilities will be integrated into PNB's digital platforms, PNB said in a statement on Thursday. This will empower customers to access banking services seamlessly in multiple Indian languages via both voice and text, it said. Speaking on the occasion, PNB Executive Director M Paramasivam said by combining multilingual AI with public service delivery, this initiative will help bridge language barriers and ensure that digital banking services are more accessible, equitable, and citizen-friendly for people across the country.

Why HDFC Bank’s employee count fell for the first time in 9 years

For the first time in nearly a decade, HDFC Bank has reduced its workforce. What's behind the cuts?

How to Become a CEO: Lessons from a Banking Veteran

Dr. R. Seetharaman, Former CEO of Doha Bank, shares valuable lessons on leadership, AI, and the skills every MBA student needs to thrive in the future.

Business beyond hugs and handshakes: Bank-fintech ties enter a new phase

The bank-fintech partnership is undergoing a structural shift as governance premium takes top billing

HDFC Bank clears governance hurdle for chief executive officer renewal

HDFC Bank's legal review finds no evidence behind governance allegations, clearing path for leadership stability, chairman appointment and CEO term extension

Zerodha plans foray into investment banking, seeks Sebi registration

Zerodha has applied for a Category 1 merchant banking licence from Sebi, marking its entry into IPOs and corporate finance as it diversifies beyond broking

Axis Bank scales AI deployment across operations: MD & CEO Amitabh Chaudhry

Axis Bank scales up AI deployment across operations, customer service and risk functions, targeting wider automation and productivity gains by FY27

Pvt life insurers rekindle agency networks amid scrutiny over bancassurance

Private life insurers are ramping up agency investments to diversify distribution as concerns over bancassurance mis-selling trigger closer scrutiny

A quiet exodus: Why young bankers are walking out of public sector banks

Young officers are quietly leaving public sector banks as career bottlenecks, transfers and shrinking growth opportunities erode the appeal of banking careers

Low-cost AI models are fuelling India's growing deepfake fraud threat

Customised applications built on open-source AI models are enabling sophisticated deepfake frauds at lower costs, raising concerns across banking, fintech and digital platforms

AI is changing banking: Here's why RBI wants banks to be careful | Mythos AI | Cybersecurity

Why has the RBI asked banks to prepare for AI-powered cyber threats? The regulator has warned banks to assess risks linked to advanced frontier AI models and strengthen their cybersecurity systems.

Centre reappoints RBI Deputy Governor Swaminathan J. for 2 years

The Centre has extended the tenure of RBI Deputy Governor Swaminathan J. by two years from June 26, 2026, following his first term at the central bank

RBI proposes revised deposit rate framework, tighter disclosure norms

RBI proposes new rules linking bulk deposit rates to liquidity norms and tighter disclosures, aiming to improve transparency in bank deposit pricing

The new cybersecurity imperative

Safety must match digital scale in banking to maintain trust

Fault lines are deepening in ATM business as operational issues mount

Rising wage and logistics costs are exposing long-standing stress points in India's ATM ecosystem, prompting calls for a rethink of interchange fees

BC body pitches for IBA-led reforms for fast-growing banking channel

BCRC has sought an IBA standing committee to address BC remuneration, penalties, grievance redressal, and customer service standards under the RBI's draft framework

DFS secy holds workshop on overhauled IBC rules for banking sector

Workshop focused on amended IBC provisions, including group insolvency and cross-border resolution frameworks for stressed assets

Gunveer Singh elevated as RBI Executive Director with effect from May 18

The Reserve Bank of India has elevated Gunveer Singh as Executive Director to oversee the Department of Payment and Settlement Systems