State Bank of India has sold a 13.18% stake in Yes Bank to Japan’s SMBC, marking the largest cross-border banking divestment in India. SMBC aims to raise its holding to just under 25% and will ...

A civil society forum focusing on bank issues on Monday staged a protest outside State Bank of India’s (SBI) circle headquarters in Kolkata, opposing the lender’s decision to shift its Global Market ...

Sumitomo Mitsui Banking Corporation (SMBC) has completed its acquisition of a 20% stake in Yes Bank, making it the largest ...

NEW YORK--(BUSINESS WIRE)--HSBC has launched its Global Private Banking (GPB) business in India to serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) professionals, entrepreneurs and their ...

Retail loans, consumption pick-up and government support to drive higher lending; infrastructure and NBFC segments also ...

India has the world’s second largest unbanked population, and women make up nearly 60% of unbanked adults in India, despite the government’s national mission for financial inclusion—the Pradhan Mantri ...

While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy ...

The narrow banking proposal defining a class of safe and liquid assets (generally sovereign government securities) for investments by weak banks, backed fully by demand liabilities (generally ...

Mumbai: Apart from turning the spotlight on rising fraud cases in India’s banking sector, the RTI reply further revealed that in some cases, the amount lost has fallen straight into a black hole. As ...

NAB changes come one day after rival ANZ Group said it would cut 3,500 jobs over the next year as new chief executive Nuno ...

As she unveiled strong-first quarter earnings, newly installed Citigroup CEO Jane Fraser on Thursday pulled the plug on retail banking operations in 13 countries, including India and China, in order ...