Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as the Japanese lender deepens its presence in the world’s most ...

March 17 (Reuters) - India's central bank-regulated entities can leverage artificial intelligence internal controls to address consumer complaints on mis-selling and aggressive practices, central bank ...

The Reserve Bank of India (RBI) said on Monday that banks will continue to face competition from non-bank sources in lending to companies, while fast-changing technology could change how customers ...

Foreign banks slightly reduced their presence in India in 2024-25 as part of ongoing changes in their global business strategies, according to the Reserve Bank of India’s (RBI) Trend and Progress of ...

Loan growth bolsters profits. High-yield loans offset cooling performance. The maximal net interest margin (NIM) dynamic enjoyed by banks in the Asia-Pacific (APAC) region in 2023 tailed off in some ...

By Ashwin Manikandan MUMBAI, Jan 13 (Reuters) - India's central bank on Tuesday floated a discussion paper to resume issuance of fresh licenses for urban cooperative banks after putting such ...