Overseas travel spending by Indians fell by $212.43 million to $1.09 billion in March from $1.3 billion in February, according to Reserve Bank of India data on outward remittances under the Liberalised…
The Reserve Bank of India’s concessional dollar swap window, opened on June 5 to boost foreign reserves, has triggered a surge in Foreign Currency Non-Resident (Bank) deposits, with banks collectively mobilising over…
A credit-card customer has claimed he was charged more than Rs 1,200 in late-payment fees by HDFC Bank after falling short of his Rs 10,649.46 bill by just 46 paise. Dr Samir…
Punjab National Bank (PNB) has warned customers that it will close bank accounts that have been inactive for three years with zero balance, starting 13 September 2026. The bank issued the alert…
India's payments sector raised $5.8 billion across 371 equity funding rounds since January 2021, producing eight IPOs and 25 acquisitions, according to data from global market intelligence platform Tracxn, reported by The…
India's household financial savings rate has been declining, posing a threat to long-term economic growth, according to economists. The net household financial savings as a percentage of GDP fell to a multi-year…
Utkarsh Small Finance Bank (SFB) customers will not be able to access banking services from August 21 to August 24 due to a planned migration of the Core Banking System (CBS). The…
India's top eight cities saw a 6.1% drop in home sales to 91,729 units in the July-September quarter of FY25, compared to 97,674 units a year earlier, according to a PropTiger report.…
Bank credit growth crossed 17% for the fortnight ending July 15, 2026, the highest in two years, driven by lower lending rates, supportive tax policies and better systemic liquidity. The uptick is…
India's top 10 private banks cut a combined 10,114 employees in FY26, marking the second consecutive year of workforce reduction, according to data from annual reports compiled by The Economic Times. The…
