HDFC Bank faces a US class-action lawsuit filed on August 13 in New York, alleging it violated securities laws by disguising extra interest payments as sponsorship to induce deposits from Maharashtra State…
Prudential Corporation Holdings will sell up to 2% of ICICI Prudential Asset Management Company (AMC) through an open-market sale on 27 August, worth approximately Rs 3,190 crore. The sale of 9.89 million…
India's credit-card issuers added a net 1.26 million cards in July, an 11.5% increase over June, according to RBI data reported by the Economic Times. Total outstanding cards rose to 122.9 million.…
slice Small Finance Bank has appointed former SBI chief general manager Samir Sawhney as executive director and former ICICI Bank senior executive Ramesh Kumar as an independent director. The bank’s board approved…
Indian banks are on track to mobilise USD 90-100 billion through FCNR(B) deposits and other foreign currency borrowings by August 31, according to a Jefferies report. Banks have already raised USD 73…
Banks in Kerala and Andhra Pradesh are closed on Tuesday, 25 August, for First Onam and Milad-un-Nabi, according to the RBI holiday calendar. On Wednesday, 26 August, banks in 14 states including…
The government has asked Google to take down several Firebase accounts impersonating websites and mobile apps of major banks including SBI, ICICI Bank and Axis Bank. The notices were sent by the…
Most private banking stocks have rallied this month after strong Q1 earnings, with Karnataka Bank surging over 15% and DCB Bank, AU Small Bank, and City Union Bank gaining 1-9%. However, ICICI…
All private and public-sector banks in India are closed on Saturday, August 22, as it is the fourth Saturday of the month, according to RBI guidelines. The next bank holiday falls on…
India's cyber crime agency, the Indian Cyber Crime Coordination Centre (I4C), has directed Google to remove at least 57 websites and databases hosted on its Firebase platform in August alone, according to…
