The Indian Banks’ Association (IBA), under the guidance of the Department of Financial Services (DFS), organised a one-day RRB Conclave 2026 in New Delhi on 11 March 2026. The event was held with the theme “Next-Gen Reforms for RRBs – Challenges & Opportunities.” The conclave aimed to discuss the future roadmap, opportunities, and challenges for…
The Central Bureau of Investigation (CBI) on Tuesday arrested Suresh Chandra Chaudhary, former Hardoi district president of the Bahujan Samaj Party (BSP), and Piyush Kumar, branch manager of Bank of Baroda’s Kachhauna branch. They were arrested for allegedly accepting a ₹45,000 bribe to help sanction and withdraw a loan under the Chief Minister Yuva Udyami…
Fi Neobank to Shut Down Banking Services on Its Platform, Users Shifted to Federal Bank App India’s neobank Fi has announced to stop banking services on its platform. This comes more than four years after it launched banking services in partnership with Federal Bank. Fi has stopped onboarding new customers and Federal Bank has also…
Some international banks in the Middle East have closed branches and evacuated offices after a warning from Iran. Iran said that banks and economic centres linked to the United States and Israel could become targets. The warning came from Iran’s Khatam al-Anbiya Central Headquarters, which is the country’s joint military command. It advised civilians not…
India’s External Debt Stands at $746 Billion The Government of India has informed that the country’s external debt stood at about 746 billion US dollars as of September 2025. Detailed data on foreign debt is published through the Quarterly External Debt Reports and the Annual Status Report on India’s External Debt, prepared by the Department…
RBI imposes monetary penalty on Punjab National Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5.66 lakh on Punjab National Bank (PNB) due to irregularities related to a currency chest. The penalty was imposed because of a shortage of notes detected at a currency chest operated by the bank. Currency…
Man arguing with police outside SBI branch in Chandigarh A chaos took place at the State Bank of India (SBI) branch in Sector 23, Chandigarh on Wednesday. A bank customer got into an argument with the security guard and bank staff over a malfunctioning ATM machine. The man had visited the ATM to withdraw money….
Canara Bank Revises MCLR Rates, Changes Effective from March 12 Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR). The new MCLR rates are as given below: Explained: What is MCLR Rate? MCLR (Marginal Cost of Funds Based Lending Rate) is the minimum interest rate below which banks…
45 NBFCs closed today in India: 36 License cancelled, 9 surrendered License The Reserve Bank of India (RBI) has informed that 45 NBFCs have closed today in India. RBI has cancelled Certificate of Registration of 36 NBFCs and 9 NBFCs have surrendered their Certificate of Registration to the RBI. Explained: What is an NBFC? An…
The Government of India has stated in the Lok Sabha that there is currently no proposal under consideration to revise the basic pension of retirees of Public Sector Banks (PSBs). The information was shared by Minister of State for Finance Pankaj Chaudhary in response to an unstarred question (No. 2709) asked by Konda Vishweshwar Reddy…