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New Delhi, August 17: Finance Minister Nirmala Sitharaman announced on Monday that a high-level committee will soon be formed to determine the role of the banking sector in realizing the vision of Developed India 2047. While addressing the opening ceremony of a two-day conference for heads of public sector banks and financial institutions in the ... Read more Finance Minister Announces High-Level Committee to Define Banking Sectors Role in Developed India 2047 Vision

New Delhi, August 6: Indian companies have reported results for the first quarter of the fiscal year 2026-27 (April-June) that surpass expectations. Despite losses in oil marketing companies (OMCs), strong performances in the banking and financial services (BFSI), metal, technology (IT), and automobile sectors have supported corporate profits. This information comes from a report by ... Read more Indian Companies Exceed Expectations in Q1 FY 2026-27, Banking and Metal Sectors Lead Growth

New Delhi, July 1: A significant opportunity has emerged for youth aspiring to build a career in the banking sector. The Institute of Banking Personnel Selection (IBPS) has released an official notification announcing the recruitment of eligible candidates for various Specialist Officer positions across different banks under the Common Recruitment Process (CRP-XVI). A total of ... Read more Major Career Opportunity in Banking: IBPS Announces Recruitment for 745 Specialist Officer Positions

Jammu, June 25: A small and remote village in the Rajouri district of Jammu and Kashmir, Bal Jarlan, has long struggled with a lack of banking services. However, significant improvements have been made in recent years, largely due to the central governments National Rural Livelihood Mission (NRLM) initiative. Under the NRLM, a Business Correspondent (BC) ... Read more Transformation in Banking Services for Rural Residents of Bal Jarlan, Jammu and Kashmir

Mumbai, June 23: The Reserve Bank of India (RBI) has injected over 1.41 lakh crore into the banking system through a seven-day Variable Rate Repo (VRR) auction to enhance temporary liquidity. According to data released by the RBI, funds were infused at a cut-off rate of 5.26 percent and a weighted average rate. This action ... Read more RBI Infuses 1.41 Lakh Crore into Banking System to Boost Liquidity

Washington, June 21: A new diplomatic agreement between Washington and Tehran allows Iran to sell its oil in the international market once again. The Trump administration announced this development, noting its potential impact on global oil prices and major oil-importing countries like India. U.S. Energy Secretary Chris Wright discussed the implications on ABCs This Week, ... Read more Controversy Erupts in U.S. Politics Over Irans Banking and Asset Relief

New Delhi, June 18: Union Home and Cooperation Minister Amit Shah chaired review meetings in New Delhi focused on national cooperative initiatives. These initiatives aim to strengthen the cooperative banking system, promote organic products through cooperative societies, and expand the global reach of cooperative products via exports. Present at the meetings were Minister of State ... Read more Amit Shah Reviews National Roadmap for Strengthening Cooperative Banking and Organic Exports

Mumbai, June 9: After experiencing significant declines for two consecutive sessions, the Indian stock market closed in positive territory on Tuesday. By the end of the trading day, the Sensex rose by 394.50 points, or 0.54%, to reach 73,918.76, while the Nifty increased by 119.10 points, or 0.52%, settling at 23,424.10. The market rally was ... Read more Indian Stock Market Recovers After Two Sessions of Decline, Banking Stocks Lead Gains

Mumbai, May 27: The banking sector will play a crucial role in advancing the vision of a developed India by promoting capital, entrepreneurship, and financial inclusion. This statement was made by CS Shetty, Chairman of the State Bank of India, on Wednesday. In his address to shareholders during the banks annual report presentation, Shetty emphasized ... Read more Banking Sector to Play Key Role in Developed India Vision: SBI Chairman

New Delhi, May 23: The State Bank of India (SBI), the largest public sector bank in India, has issued a notice urging customers to use digital banking services and alternative channels ahead of a two-day strike planned by the All India State Bank of India Staff Federation on May 25 and 26. In a post ... Read more SBI Advises Customers to Utilize Digital Banking Ahead of Upcoming Strike

Mumbai, May 6: The Indian stock market opened higher on Wednesday, buoyed by strong global signals. At 9:18 AM, the Sensex rose by 440 points or 0.57%, reaching 77,458, while the Nifty gained 142 points or 0.59%, standing at 24,175. Banking stocks led the markets upward trend in early trading. The Nifty Bank index surged ... Read more Indian Stock Market Rises on Strong Global Signals, Banking Stocks Lead Gains

New Delhi, May 2: Odishas Leader of the Opposition, Naveen Patnaik, has written a letter to Union Finance Minister Nirmala Sitharaman. In his correspondence, he referenced a troubling incident that occurred at the Odisha Gramya Bank branch in Malliposi, Keonjhar district. This incident took place on April 27. The letter details how a tribal citizen, ... Read more Odisha Opposition Leader Raises Concerns Over Banking System in Letter to Finance Minister

Mumbai, April 23: Bank of Baroda and Reliance Jio have joined forces to launch bob World Lite, a mobile banking app tailored for feature phone users on the JioPhone Prima 4G. This initiative aligns with the Government of Indias and the Reserve Bank of Indias vision to enhance inclusivity and make digital payments accessible to ... Read more Reliance Jio and Bank of Baroda Unveil Mobile Banking App for JioPhone Users