IOB assistant manager alleges caste abuse by superiors; police probe underway
The victim, a Dalit youth from Mulavukad, lodged a complaint with the Ernakulam Central Police in December
Banking
AIBEA Condemns Attack on Union Bank Manager, Calls for Urgent Action on Staff Safety
In a statement, AIBEA General Secretary C.H. Venkatachalam expressed deep concern over the growing threat to bank employees.
AIBEA condemns alleged harassment of women officers at Union Bank of India
According to the AIBEA, the incident occurred on February 12, 2025, when the two women, both Relationship Managers, were summoned without prior notice to the Regional Office at 9:30 AM
RBI Supersedes Board of New India Cooperative Bank, Appoints Administrator
RBI has been clamping down on erring cooperative banks
India’s Microfinance Sector Expands Amid Rising Risks: Infomerics Ratings Report
The microfinance industry currently operates with 168 Micro Finance Institutions (MFIs) across 29 states, serving 64 million borrowers
RBI Governor Meets NBFC Chiefs, Stresses Growth with Stability
Representatives from industry bodies such as Self-Regulatory Organizations (SROs), Sa-Dhan, Micro Finance Institutions Network (MFIN), and Finance Industry Development Council (FIDC) also participated in the discussions.
RBI relief for Kotak: What does it mean for the bank
The lifting of these restrictions suggests that Kotak Mahindra Bank has taken substantial remedial actions to address the RBI’s concerns.
RBI lifts business restrictions on Kotak Mahindra Bank
The RBI’s directive was a response to supervisory concerns identified during regulatory reviews.
RBI expands UPI to include pre-sanctioned credit lines from banks and SFBs
Banks and SFBs can establish their own terms and conditions for these credit lines, in accordance with their Board-approved policies. These terms may cover aspects such as credit limits, tenure, interest rates, and other related conditions.
Retail Inflation Eases to Five-Month Low of 4.31% in January
The drop in inflation comes just a week after the Reserve Bank of India’s Monetary Policy Committee (MPC) announced the first rate cut in five years