BANKING
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HDFC Life Reports Data Breach, Launches Investigation into Security Incident
HDFC Life, the second-largest private life insurer in India by premium collection, recently reported a data theft incident involving its…
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World Bank Sanctions $200 Million for Climate-Resilient Agriculture in Kerala
The World Bank has sanctioned a $200 million loan to bolster Kerala’s agricultural sector, aiming to equip farmers with climate-adaptive…
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Why Credit Card Issuance is Declining This Festive Season
New Delhi: In a notable shift this festive season, banks are significantly slowing down the issuance of new credit cards.…
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Diwali Bank Holidays 2024: Understanding Closure Dates for Banks
Diwali, one of the most prominent festivals in India, is set to be celebrated on October 31, 2024. This date…
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Kotak Mahindra Bank Revises Savings Account Interest Rates: New Slabs Announced
New Delhi: Kotak Mahindra Bank, a leading private lender in India, has recently revised its interest rates for savings accounts.…
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RBI Approves White-Label ATM License for EPS to Boost Cash Accessibility
The Reserve Bank of India (RBI) has officially awarded a white-label ATM (WLA) license to Electronic Payment and Services (EPS),…
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October 2024 Bank Holidays: Complete City-Wise List to Plan Ahead
In October 2024, banks across India will observe multiple holidays due to significant national and regional events, as per the…
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HDFC Bank Assigns Rs 9,062 Crore Car Loan Portfolio to Mutual Funds to Enhance Credit Ratio
HDFC Bank, India’s largest private lender, is finalizing a significant move to assign its car loan portfolio worth Rs 9,062…
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Eid-E-Milad Holiday: Are Banks Closed or Open Today?
The public holiday for Eid-E-Milad, commemorating the birth of Prophet Muhammad, is being observed today across many states in India.…
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RBI Imposes Penalties on Axis Bank and HDFC Bank for Regulatory Non-Compliance
New Delhi: The Reserve Bank of India (RBI) has imposed monetary penalties on Axis Bank and HDFC Bank for violations…
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