Kotak Mahindra Bank has announced the appointment of Bhavnish Lathia as its new Chief Technology Officer (CTO), reinforcing the bank’s commitment to technological transformation and innovation. Announcing the appointment, Ashok Vaswani, MD…
Bank Unions Postpone Strike as Conciliation Talks Yield Positive Developments
Bank unions have decided to postpone their planned nationwide strike on March 24 and 25 following positive developments in their negotiations with the Indian Banks’ Association (IBA) and the Department of Financial…
What does scheduled banks’ statement of position show
Borrowings from banks remained relatively stable, with a slight increase from ₹112,778.14 crore in February 2025 to ₹113,375.74 crore as of March 7, 2025. Other demand and time liabilities also saw an increase, rising from ₹36,706.95 crore in February 2025 to ₹38,843.52 crore in March 2025.
Can AI transform grievance redressal in banking?
In his inaugural address at the Annual Conference of the RBI Ombudsmen, Shri Sanjay Malhotra, Governor of the Reserve Bank of India, outlined a bold vision for the future of customer service…
RBI Allots ₹1,24,009 Crore in Daily Variable Rate Repo Auction at 6.26% on March 20, 2025
The Reserve Bank of India (RBI) conducted a Daily Variable Rate Repo (VRR) auction today with a tenor of one day. The notified amount for the auction was ₹1,50,000 crore, and the…
RBI Appoints Indranil Bhattacharyya as Executive Director
The Reserve Bank of India (RBI) has appointed *m Indranil Bhattacharyya as an Executive Director (ED), effective March 19, 2025. Prior to this elevation, he served as an Adviser in the Monetary…
Bank Unions to proceed with strike as conciliation talks fail
The proposed two-day nationwide strike by public sector bank employees on March 24-25 remains on track after a conciliation meeting held today at the Chief Labour Commissioner’s (CLC) office failed to yield…
Decade of Debt: The stark reality behind ₹16.35 lakh crore in bank loan write-offs
Indian banks have cumulatively written off a staggering ₹16.35 lakh crore in bad loans over the last ten financial years, according to the latest government data presented in Parliament. This figure not…
Bank Unions challenge minister’s claim on staff vacancies in PSBs
A fresh controversy has erupted over staffing levels in public sector banks (PSBs) after the Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that 95% of clerical and sub-staff positions…
Trump’s Tariff Turmoil: Markets in Chaos, Global Economy on Edge
The escalation of tariffs against Canada, Mexico, and China has fueled concerns that Trump is willing to push the U.S. into a trade war that could lead to a broader economic slowdown or even a recession.