All Banking & Crypto Related Details

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/LSw6st9 via IFTTT

The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SFdOzYx via IFTTT

Bank of Baroda is contending with a $15 billion lawsuit filed by B.R. Shetty following NMC Health's collapse. Shetty alleges that bank officials facilitated fraudulent transactions and ignored anti-money laundering warnings. The bank is currently pursuing recovery proceedings against Shetty for significant outstanding dues. Bank of Baroda has stated that it has not been served with the lawsuit yet. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AJo3ER6 via IFTTT

Jyotiraditya M. Scindia discussed significant banking developments at the North East Bankers’ Conclave 2.0 in Agartala. He outlined future targets including opening new bank branches and increasing ATM installations in unbanked areas. Collaborative efforts between banks and government were emphasized to enhance development in the Northeast region. The Chief Minister of Mizoram, Lalduhoma, highlighted the importance of banks in creating economic opportunities for citizens. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oAkWCjM via IFTTT

OnMeta has signed a memorandum of understanding with QazPost to explore digital financial solutions. This collaboration aims to integrate OnMeta's digital infrastructure with QazPost's extensive distribution network. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OpCgQZS via IFTTT

RBL Bank reported a significant increase in net profit for the September quarter of 2026. The bank achieved a 37% growth in net interest income, achieving Rs 2,131 crore. Net advances grew by 42%, while deposits rose by 34%, supported by FCNR(B) inflows. However, margins are expected to moderate as these deposits fully impact the balance sheet. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WMF9H7p via IFTTT