Cooperative Banks Show Mixed Trends in Asset Quality

India’s cooperative banks, despite their geographic and operational diversity, lag behind stricter regulatory entities on asset quality parameters. However, their

Read more

RBI Approves NCBL-Cosmos Co-operative Bank Merger

The Reserve Bank of India (RBI) has sanctioned the amalgamation of National Co-operative Bank Ltd. (NCBL), Bangalore, with Cosmos Co-operative

Read more

Credit Card Spending Falls 16% from Festive Highs

Credit card spending in November decreased by 16.1% month-on-month (M-o-M) to Rs. 1.7 trillion, attributed to a moderation in consumer

Read more

RBI Introduces Secured Overnight Rupee Rate (SORR)

The Reserve Bank of India has launched a new interest rate benchmark, the Secured Overnight Rupee Rate (SORR), to enhance

Read more

RBI Imposes Compensation for Delays in Credit Data Updates

The RBI has mandated compensation of Rs 100 per day for delays in credit data updates by credit information companies

Read more

RBI Establishes Panel for Ethical AI Use in Financial Sector

The Reserve Bank of India has set up a panel named Framework for Responsible and Ethical Enablement of Artificial Intelligence

Read more

From the Desk of Editor -in- Chief

As the new year unfolds, January brought several pivotal developments in the banking and finance sector, reflecting the dynamic nature

Read more

Future of banking- Blockchain Technology

Abstract Blockchain banking is a new technology in India, but it’s gaining traction due to its worldwide success in finance

Read more