Moody’s has cautioned that banks may face asset quality deterioration in the next 12-18 months due to economic uncertainties and increasing risks. The warning highlights potential challenges for the banking sector amid global financial pressures.
The Insurance Regulatory and Development Authority of India (IRDAI) has reaffirmed LIC, New India Assurance, and GIC Re as Domestic Systemically Important Insurers (D-SIIs). This designation highlights their significant impact on the Indian insurance industry and the economy.
In a significant ruling, the Punjab & Haryana High Court has clarified that banks do not need additional permission to auction a mortgaged property if the borrower defaults on loan payments. The verdict came in response to a dispute over a property auction in Gurugram, reinforcing banks’ rights in loan recovery cases.
An SBI bank manager in Raigarh, Chhattisgarh, was robbed by two unidentified men who took away his bag containing bank locker keys, important documents, cash, and ATM cards. The police have launched an investigation to identify and arrest the culprits.
The Central Bureau of Investigation (CBI) has arrested the branch manager of Baroda UP Bank’s Sikhola branch in Azamgarh for allegedly demanding and accepting a ₹20,000 bribe. The accused was caught red-handed while taking money from a customer seeking to withdraw funds from a sanctioned loan. The CBI has launched an investigation into the matter, and more officials may be involved.
Canara Bank has announced that it will raise ₹4,000 crore by issuing Basel III-compliant Tier II Bonds. The bidding for these bonds will take place on March 17, 2025, through the NSE Electronic Bidding Platform (EBP).
The central government is planning to sell a 2-3% stake in Life Insurance Corporation (LIC) during the financial year 2025-26, depending on market conditions. According to a report by Mint, this sale is part of the government’s plan to meet SEBI’s requirement of at least 10% public shareholding in LIC by May 2027.
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹3.10 lakh on JM Financial Products Limited for failing to comply with certain provisions of RBI’s Master Direction for Non-Banking Financial Companies (NBFCs). The penalty was issued through an order dated March 03, 2025, under RBI’s authority as per Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
The Reserve Bank of India (RBI) has imposed a fine of ₹2,00,000 on Experian Credit Information Company of India Private Limited for failing to comply with certain rules under the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and the Credit Information Companies Rules, 2006 (CIC Rules). The penalty was issued through an order dated March 03, 2025, under RBI’s authority as per Section 25(1)(iii) read with Section 23(4) of the CIC Act.
The Indian government has forwarded a legal notice from the U.S. Securities and Exchange Commission (SEC) to an Ahmedabad court, asking it to serve the summons on industrialist Gautam Adani. This legal step is linked to serious allegations of bribery and financial fraud involving Adani Green Energy Ltd. and Azure Power.
Shares of IndusInd Bank have been placed under Additional Surveillance Measure (ASM), according to a notice issued by the National Stock Exchange (NSE) on March 13.
Eight people lost their lives in a devastating road accident on the Badnawar-Ujjain highway after a gas tanker, driving on the wrong side, collided with a Tata Tiago and a pickup vehicle. The victims included bank employees returning from a meeting in Indore. Authorities are investigating the incident.
On March 8, 2025, State Bank of India (SBI), India’s largest government bank, introduced the SBI Nari Shakti RuPay Debit Card on the occasion of International Women’s Day. Along with this, the bank also launched ‘SBI Asmita’, a collateral-free digital loan designed specifically for women entrepreneurs. This loan offers low-interest funding to help women start and grow their businesses.
The All India Punjab National Bank Officers’ Association has filed a caveat petition in the Madhya Pradesh High Court (Principal Seat at Jabalpur) to oppose the new transfer policy introduced by the Punjab National Bank (PNB) management. The petition, registered as Caveat Application No. 679/2025, has been submitted through the association’s Vice President and Circle Secretary (Jabalpur Circle), Sanjeev Kumar.
Bank of Baroda has extended the last date for online application for post of Specialist Officers. BOB had announced the recruitment of Specialist Officers (SO) across multiple departments.
Bank of Baroda has released a notification for recruitment of candidates to the post of Faculty and Office Assistant at RSETI Patan, North Gujarat. The contract will be valid for a period of 3 yeas subject to annual review and renewal of the contract once in a year.
Powerloom weavers in Tiruppur have announced an indefinite strike starting March 19, seeking a wage increase. The protest is likely to disrupt textile manufacturing in the area.