Rs 3,400 Crore Lies Unclaimed in Karnataka Banks
A staggering sum of money is sitting forgotten in Karnataka’s banks. Officials revealed that around Rs 3,400 crore has remained unclaimed in accounts for over a decade. This information came…
SBI YONO App Aims for 20 Crore Users in Two Years
State Bank of India Chairman C S Setty has announced an ambitious target for the bank’s digital platform. The goal is to double the YONO app user base to 20…
Corporate Bond Issuances Rise 8% to Rs 6.3 Lakh Crore
Corporate bond issuances have surged 8% year-on-year to Rs 6.3 lakh crore till October this fiscal. This growth highlights robust activity in the financial markets. The increase from Rs 5.8…
Bank Profitability Set to Rise in Coming Quarters
Banks are poised for stronger profitability in the near future. A recent report by Systematix Research highlights encouraging trends. Key drivers include advances growth and reduced interest expenses. These factors…
India’s Banking System Now Stronger, Setting Stage for Wider Reforms
Reserve Bank of India (RBI) Governor Shaktikanta Das has said that India’s banking sector is “much stronger today” than it was a decade ago. According to him, this improved strength…
India’s “Big Bank” Moment: A Major Shift in the Banking Landscape
India is preparing for what experts are calling a “Big Bank” moment, as the Reserve Bank of India (RBI) and the central government set a clear vision for the future…
Government Confident on IDBI Bank Stake Sale in FY26
The government is confident of pulling off the IDBI Bank stake sale in FY26 itself. Department of Financial Services Secretary M Nagaraju made this announcement on Tuesday. He spoke at…
Banks Partner with Fintechs to Boost Credit Card Issuance
Banks are increasingly turning to fintech startups for credit card origination. This shift comes as non-performing assets rise and issuances stall. Private sector banks are outsourcing to digital platforms. They…
LIC, HDFC Life, SBI Life Rally as GST Council Removes Tax on Insurance
Insurance stocks witnessed a sharp rally on Wednesday after the GST Council announced a major relief for policyholders by removing Goods and Services Tax (GST) on individual life and health…
AU Credit Cards: Elevate Your Lifestyle with Premium Perks
In today’s fast-paced world, a credit card isn’t just about payments—it’s about unlocking a world of luxury, convenience, and financial freedom. AU Small Finance Bank is leading this revolution with…