RBI releases list of NBFCs falling under ‘upper layer’ category; top three in hierarchical order include LIC Housing Finance, Bajaj Finance and Shriram Finance.
In this non-executive advisory role, Rajnish Kumar will guide Mastercard's executive leadership team in navigating the domestic payments landscape.
Retail customers will be able to send money to individuals and legal entities in India, Russia’s VTB Bank said.
Regulated entities will have to compensate borrower at rate of Rs 5,000 for each day of delay in returning property documents after completion of loan payment.
Bank of India has raised Rs 2,000 crore through tier II bonds at a coupon rate of 7.88%.
US-based GQG Partners acquires 50.7 mn shares from IDFC First Bank CEO Vaidyanathan for Rs 478.7 crore; Vaidyanathan to pay Rs 229 crore to subscribe to bank’s fresh shares through exercise of stock options.
The new norms, effective 1 April 2024, will involve classification, valuation and operation guidelines for the investment portfolio of commercial banks.
Bank of Maharashtra plans to raise the funds through private placement of Basel-III compliant tier II bonds; tenure of the bonds is going to be 10 years.
Reserve Bank of India approves Sandeep Bakhshi’s reappointment as MD and CEO with effect from 4 October 2023 until 3 October 2026.
ICICI Bank currently holds 19% stake in I-Process Services (India), which was set up to provide staffing solutions services for financial institutions.
RBI approves Dipak Gupta’s appointment as MD and CEO of Kotak Mahindra Bank for two months; to decide on full-time chief of the bank during this period.
RBI plans to introduce wholesale a central bank digital currency in the call money market.
YONO generates quarterly fee income of Rs 100 crore and has potential to have Rs 30,000 crore loan book this fiscal, SBI chairman Dinesh Khara said.
RBI expands scope of UPI by allowing it to include pre-sanctioned credit lines issued by banks for transactions.
The post has fallen vacant after Swaminathan Janakiraman was appointed as RBI deputy governor; Vinay Tonse is currently serving as deputy MD at SBI.
