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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

BFSI

Union Bank raises Rs 1,500 crore by issuing bonds

Newsdesk -
Union Bank has issued Basel III compliant bonds to investors for raising Rs 1,500 crore. The bank has allotted unsecured, non-convertible, subordinate taxable perpetual,...
BFSI

India’s banking sector leading in implementation of AI

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A survey by PwC-FICCI has revealed that with the highest AI maturity index, the banking sector of India is leading in implementing and adopting...
BFSI

RBI imposed penalty on three cooperative banks

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The Reserve Bank of India (RBI) has imposed a penalty on three cooperative banks including Nagrik Sahakari Bank Maryadit, Raipur, Chattisgarh on account of...
NBFC

Insights into regulatory landscape for digital lending in India

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In the last few years, India has drastically shifted from traditional lending to digital lending. Now the credit facilities are easily accessible digitally with...
BFSI

SBI stops handling trade with sanctioned Russian entities

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State Bank of India has announced that it will no longer be processing any transactions that involve Russian entities owing to international sanctions imposed...
BFSI

HDFC Bank, SBI FD interest rate vs Post office term deposit rates

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Several banks, both private and government have hiked deposit interest rates of various tenures. This is great news for risk-averse individuals who have been...
NBFC

RBI plans to bring all NBFCs under TreDS platform

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The Reserve Bank of India (RBI) is planning to bring all Non-Banking Financial Company (NBFCs) on the Trade Receivable Discounting System (TReDS) platform. TReDS...
BFSI

Government set to provide capital support to weak PSBs

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Central Bank of India, Punjab & Sind Bank, and other weak public sector lenders (PSBs) will get a huge share of Rs 15,000 crore...
BFSI

Banking services will be easily accessible in 2025

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The leading small finance banks believe that banking services will easily be accessible like FMCG products in 2025. The advent of new technologies will...
BFSI

75 digital banking units expected to come up in July

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The working group of Indian Banks’ association, private, public, and small finance bank representatives has been formed to initiate the plan of setting up...
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