The World Bank’s Board of Executive Directors has approved $450 million in financing to support Bangladesh in strengthening its banking sector, a key step aimed at reviving economic growth and promoting job creation in the country. The funding, provided under the Financial Sector Support Project II, is designed to reinforce the deposit protection system, ensuring…
State Bank of India (SBI) has moved quickly to take advantage of the Reserve Bank of India’s (RBI) newly introduced concessional framework for foreign currency non-resident (bank) deposits, offering a high-leverage structure of up to nine times on FCNR(B) investments. The bank is the first major lender to operationalise the scheme following the RBI’s announcement…
On August 23, 2025, IDBI Bank announced that SEBI has approved the reclassification of the Life Insurance Corporation of India (LIC) as a ‘public shareholder’ in the bank. The update was shared via a regulatory filing to the BSE, following communication from the Department of Investment and Public Asset Management (DIPAM). This reclassification is contingent…
The State Bank of India (SBI) is expected to announce the SBI PO Prelims Result 2025 by late August or early September on its official website, sbi.co.in. The preliminary exam was held on August 2, 4, and 5, 2025, across various centers in the country. This recruitment drive aims to fill 541 Probationary Officer (PO)…
Effective August 1, 2025, ICICI Bank has sharply raised the minimum average balance (MAB) requirement for its savings accounts across all branch categories. For metro and urban branches, the new MAB is ₹50,000, up from ₹10,000. In semi-urban areas, the requirement has increased to ₹25,000 from ₹5,000, while rural branches now require ₹10,000, compared to…
