Indian Bank empanelled as Clearing and Settlement Bank with ICCL

The public sector bank can now facilitate banking services to members of BSE for clearing and settlement operations

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US inflation accelerated in April: Commerce department gauge

The US inflation measure most closely watched by the Federal Reserve accelerated in April, official figures showed Friday, reversing a recent slowdown and raising the chance of another interest rate hike in June.Fed Chair Jerome Powell has said the US central bank is taking a "data-dependent approach" to its next decision, where it will mull if another rate hike is needed to bring inflation back down to its long-term target of two percent.

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RBI sanctions merger of Maratha Co-op Bank with Cosmos Co-op Bank

The Scheme will come into force with effect from May 29, 2023, RBI said in a statement.

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Banks globally need to up their game on leveraging technology, says Infosys Finacle honcho Maiya

Most banks yet to scale up on digital banking technology deployment, only 11 per cent of 650 global banks surveyed have fully deployed digital banking technology solutions

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Some of the post offices likely to be converted into India Post Payments Bank branches

The objective is to increase flexibility and giving a more modernized look to the post offices

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