IIFL Finance can resume sanctioning, disbursal, assignment, securitisation and sale of gold loans.
Vaidyanathan will hold the position of IDFC First Bank MD & CEO for three years, from 19 December 2024 to 18 December 2027.
Reserve Bank of India is not in favour of foreign bidders acquiring 51% in Yes Bank; Japan’s Sumitomo Mitsui Banking Corporation has shown interest in acquiring a controlling 51% stake.
Damodar Valley Corporation is setting up two thermal power units of 800 MW each in Koderma, Jharkhand.
Reserve Bank of India imposes penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for lapses in statutory and regulatory compliance.
Punjab National Bank has tied up with Zomato and Blinkit to offer exclusive discounts to their credit cardholders.
Sanjeev Mehta has stepped down as Standard Chartered Bank's managing director and head of transaction banking sales for corporate, commercial and institutional Banking for South Asia; he plans to launch a greenfield venture.
RBI imposes penalty of Rs 3.5 lakh on Housing and Urban Development Corporation; Godrej Housing and Aadhar Housing Finance also fined.
FSIB has recommended Rama Mohan Rao Amara’s name for the post of managing director of SBI; he is currently deputy MD of the bank.
After UPI has revolutionised the retail payment system, RBI is all set to launch the Unified Lending Interface platform with an eye to transform the lending landscape.
RBI Governor Shaktikanta Das ranked top central banker globally for second consecutive year by US-based Global Finance magazine.
RBI approves appointment of Salee Sukumaran Nair as MD and CEO of Tamilnad Mercantile Bank for a period of three years.
RBI tightens norms for non-banking financial company-peer to peer lending platforms, barring them from taking any credit risk, offering credit enhancement or providing guarantees.
SBI raises marginal cost of funds-based lending rate by 10 basis points across tenors, making most of the loans costlier.
After directing all its departments and public sector units to close their accounts at State Bank of India and Punjab National Bank a few days back, the Karnataka government has now kept its circular in abeyance for 15 days.
