India's Budget 2025-26 Coverage
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Topics: Bank

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Reserve Bank of India proposes strick compensation norms for Private and Foreign Banks

Seeking to curb excessive salary payout practices, the Reserve Bank of India has proposed strict compensation norms for senior officials of private as well...
Huawei

HSBC probe helped lead to U.S. charges against Huawei CFO Meng Wanzhou

The HSBC probe of Huawei came in late 2016 and 2017 as the bank was trying to get the U.S. Department of Justice (DOJ)...
Business

Pakistan may ask for an additional $1.45 billion loan from Islamic banks

Pakistan will likely turn to Islamic banks to borrow another 200 billion rupees ($1.45 billion) to try to ease a financial crunch in its...
Business

Aditya Puri: No plans to cut down HDFC bank’s branch expansion

Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said on...
Finance

China blames Washington for trying to block its development

China's government on Monday accused the United States of trying to block its industrial development after Vice President Mike Pence said Chinese equipment poses...
Business

U.S regulators drop fine against Citi Group over fair lending charge

A top US bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials...
News

Visa to acquire British payment company Earthport for $250 Mn

Visa Inc is paying 198 million pounds ($250.6 million) to buy Earthport Plc, a British firm that facilitates international transactions for banks and businesses,...
Inside

India’s largest bank SBI to suspend, internet banking services for few customers

India's largest bank, State Bank of India is planning to suspend the access of internet banking services for some of its customers who have...
Inside

NCPI limits UPI’s P2P transactions to 10 per day

The National Payments Corporation of India (NPCI) has announced: "the reduction in maximum number of P2P (peer-to-peer) transactions from 20 to 10 per bank,...

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