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SBI Chairman CS Setty Urges Innovation in Banking Amid Market Shifts
Mumbai: In a significant address at the FIBAC Conference, CS Setty, the Chairman of the State Bank of India (SBI) and the Indian Banks’ Association (IBA), highlighted the evolving landscape of corporate funding in India. He pointed out a fundamental shift in how large corporations are beginning to rely less on traditional bank loans and increasingly explore alternatives in capital…
RBI Slaps Bandhan Bank with Monetary Penalty: What This Means for Your Finances
Mumbai: The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹44.70 lakh on Bandhan Bank for regulatory non-compliance, particularly concerning the Automation of Income Recognition, Asset Classification, and Provisioning (IRACP) processes. This action follows a statutory inspection, revealing lapses in remuneration practices and backend data handling, although it does not impact transactions made by customers. RBI's Action…
“Banking Dreams, Broken Lives”: Young Canara Bank AEO B. Gayatri Ends Life, Another Banker Lost to Work Pressure
Hyderabad/Chityal: The banking sector has been shaken yet again. What should have been the beginning of a bright career ended in tragedy when B. Gayatri, a young Assistant Executive Officer (AEO) of the 2019 batch, posted at Canara Bank’s Chityal branch under Hyderabad Circle, died by suicide. Colleagues and reports suggest that Gayatri was under unbearable work pressure, a silent…
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Trump Claims Tariff Threats Ended India-Pakistan Clash: Revealing Modi Call’s Hidden Insights!
New Delhi: In a recent announcement, US President Donald Trump claimed a…
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RBI Slaps Bandhan Bank with Monetary Penalty: What This Means for Your Finances
Mumbai: The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹44.70 lakh on Bandhan Bank for regulatory non-compliance, particularly concerning the Automation of Income Recognition, Asset Classification, and Provisioning…
Why Your Loan Applications Keep Getting Rejected – 3 Mistakes You Must Avoid!
Introduction Have you ever felt frustrated after getting a loan rejection? You’re not alone. Many people face this disappointment without understanding the real reason behind it. The good news? Avoiding…
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