Read the latest news from regional and global sources, presenting different voices and perspectives.
Banks Free to Decide Minimum Balance Rules, Says RBI Governor After ICICI Bank’s Hike
Times Now
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August 11, 2025
This move contrasts with the approach of several state-owned banks, which are removing such requirements to promote financial inclusion. (File Image) The Reserve Bank of India (RBI) has stated that banks have complete autonomy in deciding the...
Banks Free To Decide On Minimum Account Balance: RBI Governor On ICICI Bank Hike
MENAFN
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August 11, 2025
(MENAFN- IANS) New Delhi, Aug 11 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will be decided by banks as the decision does not fall under any regulatory...
Banks free to set minimum balance, says RBI Governor Sanjay Malhotra after ICICI Bank's latest move
The Economic Times
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August 11, 2025
Synopsis The Reserve Bank of India has clarified that individual banks have the autonomy to decide on the minimum average balance (MAB) requirements for savings accounts. While some private banks like ICICI Bank are increasing MAB, several...
Banks BBQ, Truck & Tractor pull revs up for summer traditions
Hilsboro News Times - Oregon
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August 11, 2025
Published 5:00 am Monday, August 11, 2025 It’s shaping up to be another dust-spewing, good-old time in Banks this month. The 79th Annual Banks BBQ, Truck & Tractor Pull rolls in for roaring fun Friday, Aug. 15, to Sunday, Aug. 17, at Sunset Park —...
Banks must prioritise private sector lending to push recovery — Governor
Graphic
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August 11, 2025
The Governor of the Bank of Ghana, Dr Johnson Asiama, has called on commercial banks in the country to shift away from over-reliance on government securities and redirect their capital toward productive private sector lending. Delivering his...
Banks Recommend New GST Slab Of ₹1 Crore To Curb Merchants Avoiding Digital Payments
Free Press Journal
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August 11, 2025
In the last few months, the department of financial services (DFS), has sought comments on the existing Goods and Services Tax (GST) slab for filing the tax returns from banks, the Reserve Bank of India and the National Payments Corporation of...
Banks race to win over Gen Alpha with teen-only financial services
The Korea Times
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August 11, 2025
Banks and credit card companies are aggressively introducing financial platforms and mobile content targeting Generation Alpha, defined as those born from 2010 onward, in a bid to capture teenage customers, industry officials said Monday. Mindful...
Crude Oil Lending From Top Banks Drops to 4-Year Low as Politics Cloud Forecast
Investing
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August 11, 2025
Financing from the six largest Wall Street banks for oil, gas, and coal projects fell 25% in the first seven months of 2025. Major banks have exited net-zero alliances amid political backlash and ESG fatigue, but say their transition plans remain....
The Co-operative Bank Selects 10x Banking to Power Next Century of Better Banking in New Zealand
Financial IT
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Co-operative Bank, the only customer owned bank in New Zealand to share profits with its customers, has become the first bank in New Zealand to select 10x Banking, the cloud-native core banking platform, to lead a multi-year project of core...
Morning Coffee: Barclays banker makes the dumbest joke in history. The new low-effort way into a hedge fund career
eFinancialCareers
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August 11, 2025
There are some things in banking that you shouldn’t joke about; the standard categories of “banter” that shade into discrimination or harassment. But there are some things in banking that you really really shouldn’t joke about. Get Morning Coffee...
CBK Flags 11 Banks for Violating Banking Laws
Kenyans.co.ke
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August 11, 2025
The Central Bank of Kenya (CBK) has revealed that 11 commercial banks violated the Banking Act and CBK Prudential Guidelines as of December last year, exposing them to the risk of over-concentrating their lending to single clients. According to...
Shift to premium banking? Why ICICI Bank has raised minimum balance requirement for savings accounts
ETBFSI.com
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August 11, 2025
Summary: From August 1, 2025, ICICI Bank raised its minimum monthly average balance to Rs 50,000 in metros, Rs 25,000 in semi-urban areas, and Rs 10,000 in rural branches—up to five times higher. Why now, when the banking system has surplus...
Finally, A President Is Standing Up To Woke Banks
The Federalist
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August 11, 2025
On Thursday, President Donald Trump signed an executive order that will finally put an end to banks’ discrimination against conservatives, Christian groups, and other organizations. The order requires that federal banking regulators eliminate...
What Is Neobanking? A Beginner’s Guide for Banks and Fintechs
South Africa Today
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August 11, 2025
Neobanks are rewriting the rules of banking, and your business can’t afford to stay on the sidelines. Reports suggest that, by 2030, the neobanking market is expected to reach $2.3 trillion, driven by customers who expect instant access, zero...
Trump’s order confronts banking policies affecting retail
Retail Insight Network
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August 11, 2025
Retail trade organisations have responded positively to President Trump’s executive order titled “Guaranteeing Fair Banking for All Americans,” issued on 7 August 2025, which seeks to curb so-called “politicized or unlawful debanking”—the denial...
Bank Holiday In August 2025: Banks To Close For I-Day, Janmashtami This Week; Check List
News18
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August 11, 2025
Last Updated:August 11, 2025, 11:22 IST Bank holidays in August 2025: Independence Day, Janmashtami, and Ganesh Chaturthi. Check holidays to avoid issues. Bank Holiday In August 2025 Bank Holiday in August 2025: Banking activities will witness...
'Minimum balance not in regulatory domain, banks can decide amount': RBI Governor
ETBFSI.com
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August 11, 2025
Amid the ongoing controversy around setting up the minimum balance around the savings accounts, the Reserve Bank of India (RBI) said setting up a minimum balance in the savings accounts is “not in regulatory domain”. RBI has left it to the banks...
Senator John Cornyn highlights concerns about banking and cartel policies in recent tweets
Houston Republic - Texas
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August 10, 2025
Senator John Cornyn, a longtime U.S. Senator from Texas, recently posted several tweets addressing issues related to banking practices and drug cartels.On August 8, 2025, Cornyn shared a link to an article with the comment: "Ken Paxton Took...
ASX 200 miners and banks lift benchmark; momentum echoes
Kalkine Media
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August 11, 2025
Highlights,Benchmark finished at a record close with broad strength in mining and banking groups,Lithium names advanced after news of a major shutdown in overseas supply,JB Hi-Fi (ASX:JBH) declined despite reporting a solid profit and a special...
ICICI Bank Minimum Balance Hiked: RBI Governor Sanjay Malhotra Says Banks Free to Decide on Minimum Account Balance Limit for Saving Accounts (Watch Video)
Latestly
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August 11, 2025
New Delhi, August 11: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will be decided by banks as the decision does not fall under any regulatory jurisdiction, after India’s...