Jio Financial Services Completes ₹104.54 Crore Acquisition of Jio Payments Bank from SBI
On Wednesday, June 18, Jio Financial Services Limited announced the acquisition of 7,90,80,000 equity shares of Jio Payments Bank Limited…
NBCC secures ₹172.5 crore contract with UCO Bank
State-owned National Building Construction Company (NBCC) Ltd. has announced the acquisition of a ₹172.5 crore order from UCO Bank. This…
City Union Bank CEO: Short-term NIM Pressure, Yet FY26 Margin Guidance Remains Steady Amid Rate Cuts
N Kamakodi, MD & CEO of City Union Bank, stated that the bank anticipates meeting its fiscal year 2025-26 (FY26) net interest margin (NIM)…
Scapia and Federal Bank Introduce RuPay Credit Card with UPI and Travel Benefits
Scapia, a travel-centric fintech platform, has teamed up with Federal Bank to unveil the Scapia Federal RuPay Credit Card—a dual-network card…
Revisions affirm Japan’s GDP decline, supporting the Bank of Japan’s cautious stance.
Japan’s economy shrank in the first quarter of the year, showing a smaller contraction than initially estimated thanks to improved inventory…
Bank of Baroda Reduces Lending Rate by 50 Basis Points Following Repo Rate Decline to 5.50%
On Saturday (June 7), state-owned Bank of Baroda Ltd announced a reduction in its Baroda Repo Linked Lending Rate (BRLLR) by 50 basis points,…
CA Basque Investments offloads 2.62% equity in YES Bank
On Wednesday (June 4), private sector lender YES Bank Ltd announced that CA Basque Investments, a Mauritius-based special purpose vehicle…
India reviews bank ownership regulations amid rising foreign interest.
The Indian banking regulator is indicating potential changes in rules that could allow foreign entities to acquire greater ownership of…
Government prolongs tenure of Punjab & Sind Bank MD Swarup Kumar Saha until February 2027.
The Narendra Modi administration announced on Monday (June 2) the extension of Swarup Kumar Saha’s tenure as Managing Director and Chief…
MUFG Bank to Use Startup Sakana’s AI Tech to Boost Operations
Mitsubishi UFJ Financial Group Inc.’s banking unit has hired startup Sakana AI to power its systems with artificial intelligence, the latest…