Banking News - Page 3

Mumbai : The Government of India has appointed Sanjay Lohiya, Secretary of the Department of Financial Services (DFS) under the Ministry of Finance, as a Director on the Central Board of Directors of State Bank of India (SBI) with immediate effect. The

India’s Banking Landscape Shifts as PSU Banks Regain Momentum in FY26 Mumbai, India — India’s banking sector is witnessing a major transformation in 2026 as Public Sector Banks (PSU Banks) regain market dominance, outperforming many private lenders in loan growth, profitability, and

Mumbai : YES Bank has been fined ₹31.80 lakh (approximately $38,000) by the Reserve Bank of India (RBI) for failing to comply with customer onboarding rules linked to the Central KYC Records Registry (CKYCR), according to a regulatory disclosure filed by the

Mumbai, India — : Bank of Baroda has introduced Indian Sign Language (ISL) support via video calls at its contact center, marking a first-of-its-kind initiative in India’s banking sector aimed at improving accessibility for customers with hearing or speech impairments. A Major

Mumbai : Canara Bank has successfully completed the payment of annual interest along with the full redemption of its Basel III-compliant Tier II bonds, reaffirming its strong financial discipline and compliance with regulatory norms. In a regulatory filing, the bank confirmed that

Mumbai : AU Small Finance Bank Limited, India’s largest small finance bank, posted a strong set of financial results for the fourth quarter and full year ended March 31, 2026, driven by robust growth in income, improved asset quality, and expansion across

Mumbai — Axis Bank reported a standalone net profit of ₹7,071 crore for the fourth quarter of fiscal year 2026, broadly flat compared to ₹7,118 crore in the same period last year. The bank also announced a dividend of ₹1 per share

New Delhi — Public sector lender UCO Bank has appointed Neeraj Daporkar as its new Chief Compliance Officer (CCO), effective immediately, in a move aimed at reinforcing its regulatory and governance framework. The appointment, approved by the bank’s Board of Directors, was

New Delhi — In one of the most decisive regulatory actions in India’s financial sector, the Reserve Bank of India (RBI) has cancelled the banking license of Paytm Payments Bank Limited with immediate effect, effectively shutting down its operations and initiating a

New Delhi: Following the latest monetary policy decision by the Reserve Bank of India (RBI), fixed deposit (FD) interest rates across Indian banks have largely stabilized. With the Monetary Policy Committee keeping the repo rate unchanged, the interest rate cycle is widely