Hughes to Connect 1,800 Indian Bank Sites with Satellite Broadband

High-Performance Network to Span Bank of India and Affiliated Regional Rural Bank Branches across Uttar Pradesh, Madhya Pradesh, and Maharashtra   Hughes Communications India Private Ltd. (HCIPL), a leading provider of broadband satellite and managed network services and a wholly-owned subsidiary…

Citi’s Exit: Why Foreign Banks Struggle To Flourish In India

Citigroup isn’t the only foreign bank struggling in India, a closer look at the country’s banking ecosystem reveals.

Mega merger: India’s ten public sector banks to be consolidated into four

Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks, 10 public sector banks to be merged into four. PNB, Indian Bank, Canara Bank and Union Bank of India will be the four anchor banks.

India’s list of wilful defaulters is growing

Finance Minister informed the Lower House that public sector banks (PSBs) had filed suits for recovery from defaulters in 8,121 cases till March 31, 2019.