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Sterling Bank selects Infosys Finacle SaaS platform for its transformation program
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Sterling Bank of Asia (Sterling Bank), one of the most progressive banks in the Philippines, today announced the bank's decision to select Infosys Finacle Software-as-a Service (SaaS) platform for its transformation program. Sterling Bank has opted to leverage the Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions for its requirements. Through this strategic collaboration with Infosys Finacle, Sterling Bank expects to enhance the experience of both employees and customers, maintain high standards of availability and reliability in its banking services, and reduce operational complexity through automation and digitization, thereby supporting its future growth.
Home First Finance CFO Nutan Patwari resigns, to step down on August 31
The company added that after stepping down as CFO, Patwari will continue to support Home First in a non-KMP, non-operating, time-bound advisory capacity focused on investor relations and capital markets.
Reserve Bank issues draft Regulatory Principles for Management of Model Risks in Credit
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RBI issues Amendment Directions on Review of Framework of Limiting Customer Liability in Digital Transactions
The Reserve Bank of India (RBI) has issued Amendment Directions on 'Review of Framework of Limiting Customer Liability in Digital Transactions. This basically offers revised customer protection norms for digital banking transactions, widening the scope of existing rules to cover a broader range of fraudulent electronic transactions and introducing a compensation mechanism for victims of small-value digital frauds.
Sensex Today Trades Higher | Nifty Above 24,100 | Bajaj Finance & HDFC Bank Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,100 | Bajaj Finance & HDFC Bank Top GainersEquitymaster
RBI eases forex exposure rules, giving banks more room to trade
The Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and offshore positions and allow inclusion of overseas earnings. Crucially, banks can now exclude certain long-term foreign currency investments, potentially boosting trading capacity. Forex risk capital will be based on actual net open positions, with gold treated separately.
RBI eases forex exposure rules, giving banks more room to trade
The Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and offshore positions and allow inclusion of overseas earnings. Crucially, banks can now exclude certain long-term foreign currency investments, potentially boosting trading capacity. Forex risk capital will be based on actual net open positions, with gold treated separately.
RBI to raise large exposure limit for upper layer NBFC-IFCs to 45% from 35% of eligible capital base
The Reserve Bank of India has boosted lending limits for top infrastructure finance firms, allowing them to extend up to 45% of their capital to connected borrowers, a significant increase from 35%. This move aims to support the crucial infrastructure sector.
Equitas Small Finance Bank board clears ₹1,750 crore capital raising plan
Shares of Equitas Small Finance Bank Ltd ended at ₹77.12, up by ₹0.070, or 0.091%, on the BSE.
Sensex jumps 791 points, Nifty tops 24,000: 3 reasons why markets rose today
Index majors ICICI Bank, HDFC Bank and Infosys led the rally, helping both Sensex and Nifty gain nearly 1%. The Nifty IT index also strengthened after Axis Capital upgraded eight IT stocks, adding momentum to the broader market.
Board of Equitas Small Finance Bank approves change in CFO
At meeting held on 24 June 2026
Board of Equitas Small Finance Bank approves fund raising up to Rs 1750 cr
At meeting held on 24 June 2026