Banks general

Citi to Match Government Seed Funding for Children’s ‘Trump Accounts’

By Axel Miller | 06 Feb 2026

Citigroup joins BofA and JPMorgan in matching federal $1,000 seed funding for children’s Trump Accounts (530A). Citi Foundation pledges $5M for national outreach.

US Fed keeps policy rates unchanged, for now

30 Jan 2025

The US Federal Reserve has decided to keep its policy rates unchanged, as the central bank saw no need for an immediate reduction in interest rates.

Govt to provide 60% guarantee on capital credit of up to Rs100 crore to MSMEs

30 Jan 2025

National Credit Guarantee Trustee Company Limited (NCGTC) will provide guarantee of up to 60 per cent to member lending institutions for extending capital credit to micro

Govt to provide 60% guarantee on capital credit of up to Rs100 crore to MSMEs

30 Jan 2025

National Credit Guarantee Trustee Company Limited (NCGTC) will provide guarantee of up to 60 per cent to member lending institutions for extending capital credit to micro

RBI’s financial stability report warns banks against masking bad assets

31 Dec 2024

Reserve Bank of India (RBI) in its latest Financial Stability Report has flagged concern over the tendency among banks to mask their gross non-performing assets

RBI to launch Unified Lending Interface to smoothen credit flow

26 Aug 2024

Reserve Bank of India (RBI) is expanding the digital banking infrastructure with Unified Lending Interface (ULI), a platform that will facilitate frictionless credit flow.

SBI hikes MCLR-linked lending rates by 0.10%

18 Aug 2024

State Bank of India (SBI), the country’s largest public sector lender, has increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 0.10 percentage points, beginning 15 August

SBI to raise $3 billion in overseas debt

17 Jun 2024

State Bank of India (SBI), the country’s largest lender, plans to raise around $3 billion in overseas debt in the current financial year, to finance its lending programme.

RBI keeps policy repo rate unchanged at 6.5% for the eighth time in a row

07 Jun 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday decided to keep the policy repo rate unchanged at 6.50 per cent, for the eighth time in a row.

RBI lifts ban on Bank of Baroda onboarding customers in its mobile app

09 May 2024

Reserve Bank of India (RBI) has reviewed its 10 October 2023 decision to suspend onboarding of customers by Bank of Baroda’s mobile application `BoB World’

RBI asks lenders to be fair and transparent in dealing with borrowers

30 Apr 2024

Reserve Bank of India (RBI) has asked lenders to be transparent in their dealings with borrowers and show fairness while charging interest on loans, even as they enjoy complete freedom in the pricing of loans.

RBI keeps repo rate unchanged as focus remains on inflation

05 Apr 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday (5 April 2024) decided to keep the policy repo rate under the liquidity adjustment facility (LAF)

SWIFT to launch new platform for central bank digital currencies

27 Mar 2024

Global bank networking system SWIFT will be building a new platform for digital currencies issued by central banks, over the next two years.

NCLAT upholds Jalan-Kalrock Consortium’s resolution plan for Jet Airways

14 Mar 2024

The National Company Law Appellate Tribunal (NCLAT) has upheld the debt resolution plan for bankrupt Jet Airways submitted by the Jalan-Kalrock Consortium (JKC)

Bank employees to get 17% wage hike, follow 5-day work week

09 Mar 2024

Employee unions of public sector banks and the Indian Banks' Association, the joint forum of stat-run banks, have reached an agreement under which employees will get a 17 per cent

Federal Bank’s Q3 net profit up 25% at Rs1,007 crore

18 Jan 2024

Private sector lender Federal Bank has reported a 25 per cent year-on-year increase in its fiscal third quarter (October-December 2023-24) at Rs1,007 crore, against Rs803.6 crore

Citigroup plans to cut 20,000 jobs globally by 2026

15 Jan 2024

US banking and financial services giant Citigroup is planning to lay off 20,000 of its workforce - roughly 8 per cent of its 239,000 global headcount by 2026, as part of a mega restructuring.

Goldman Sachs predicts early policy easing by banks in India and Australia following the Federal Reserve's lead

18 Dec 2023

In a surprising turn of events, central banks across the Asia-Pacific region, from India to Australia, are poised to initiate interest rate cuts earlier than initially projected, influenced by the Federal Reserve’s hastened easing cycle, as suggested by Goldman Sachs Group Inc.

JPMorgan Chase plans to outsource local custody business in Hong Kong and Taiwan

12 Dec 2023

JPMorgan Chase, the world’s third-largest global custodian, is set to outsource the operations of its local custody business in Hong Kong and Taiwan.

RBI MPC maintains 6.5% repo rate, raises FY24 GDP forecast to 7%

08 Dec 2023

In its bi-annual policy announcement, the Reserve Bank of India’s Monetary Policy Committee (RBI MPC) opted to keep the repo rate unchanged at 6.5%, marking the fifth consecutive decision to maintain the status quo.

Citigroup CFO reveals $1 billion cost for massive restructuring

07 Dec 2023

Mark Mason, Chief Financial Officer of Citigroup, disclosed that the bank’s extensive restructuring is expected to incur charges of approximately $1 billion for restructuring and severance.

Tech giant Apple set to break ties with Goldman Sachs for credit card business

29 Nov 2023

Apple has decided to terminate its credit card partnership with banking giant Goldman Sachs. Apple had sent a proposal to the Wall Street Bank to end the contract in the next 12 to 15 months.

Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

RBI Governor Das: Increased risk weight is a precautionary approach to ensuring sustainable lending

23 Nov 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the recent instruction to increase risk weights for unsecured consumer loans by banks and non-banking financial companies (NBFC) is a cautious measure taken to ensure sustainable lending.

RBI hikes risk margin for consumer lending by banks, NBFCs

16 Nov 2023

Reserve Bank of India (RBI) has raised the risk weights in respect of consumer credit exposure of commercial banks, including personal loans,  by 25 percentage points to 125 per cent