RBI slaps penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda and Indian Overseas Bank for contravention of various regulatory norms.
Unlike the case of PMC Bank, RBI has not placed any business restrictions on Mumbai-based Abhyudaya Cooperative Bank.
Some NBFC-MFIs appear to be enjoying relatively higher net interest margins; microfinance lenders should ensure flexibility provided to them in setting interest rates is used judiciously, says RBI Governor Shaktikanta Das.
New MD Vinay Tonse gets retail banking and operations while Alok Choudhary moves to risk, compliance & stressed assets; Ashwini Tewari gets corporate banking and subsidiaries.
IDBI Bank’s stake sale set for further delay as low bidder interest prompts government to cancel bid process for appointment of asset valuer.
RBI imposes monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram Finance for violation of certain regulatory norms.
Lending rate for consumer loan borrowers set to increase; higher lending rates by banks to NBFCs to spill over to corporate bonds.
RBI increases risk weights with respect to consumer credit exposure of commercial banks and NBFCs by 25% to 125%.
In a major slip, UCO Bank transfers Rs 820 crore to some of its account holders due to a technical issue in the IMPS; recovers Rs 649 crore.
RBI cites violation of certain provisions of the digital-loan guidelines; bars Bajaj Finance from lending under Insta EMI and eCOM.
Govt clears extension of term of office of Bank of Maharashtra MD & CEO Rajeev; Central Bank of India CEO MV Rao also gets extension.
Reserve Bank of India penalises Punjab National Bank, Federal Bank, Kosamattam Finance and Mercedes-Benz Financial Services India for violating certain regulatory norms.
ESAF plans to raise Rs 463 crore at the upper price band of the IPO; issue opens on 3 November.
Axis Bank is keeping a close watch on any potential slippage in personal loans while growing its book based on internal risk appetite, said CEO Amitabh Chaudhry.
Rs 2,000 notes are coming back and only Rs 10,000 crore is left in the system, RBI Governor Shaktikanta Das said.
