Govt extends term of State Bank of India managing director Challa Sreenivasulu Setty by two years with effect from January 20.
Govt extends term of Michael Patra as deputy governor of RBI by one year.
Former ICICI CEO Chanda Kochhar was released from Byculla Prison while her husband Deepak Kochhar was released from Arthur Road Jail.
While no names have been disclosed, the buzz is that a consortium, two foreign banks and a private equity firm are among those who have made the preliminary bid for IDBI Bank.
Govt and RBI are in discussion with South Asian countries to have cross-border trade in rupee, Governor Shaktikanta Das said.
SEBI allows government’s shareholding in IDBI Bank to be reclassified as “public” after its stake sale on condition that its voting rights do not exceed 15%.
Customers need not visit a bank branch to do fresh KYC; self-declaration by customers through non-face-to-face channels is sufficient to complete re-KYC process, if there is no change in information.
RBI lifts ban on Mahindra & Mahindra Financial Services for outsourcing recovery operations using third- party collection agents.
RBI continues to categorise State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks; these three banks are ‘too big to fail’.
An operational creditor has filed a Rs 211-crore insolvency case against Zee Entertainment Enterprises.
Govt increases interest rates on eight small savings schemes in range of 20-110 basis points for January-March quarter; rate for PPF and Sukanya Samriddhi scheme unchanged.
Public debt accounted for 89.1% of total gross liabilities at September-end 2022, up from 88.3% as on June 30, the quarterly report on public debt management said.
Only 8.2% of 462.5 million Jan Dhan accounts have zero balance; 81.2% are operative, RBI data shows.
A CBI court has remanded former ICICI Bank CEO Chanda Kochhar, her husband Deepak and Videocon group founder Venugopal Dhoot in CBI custody till 28 December in connection with a loan fraud case.
The fraud reporting module will be migrated to RBI’s DAKSH from 1 January; move will streamline reporting, enhance efficiency and automate payments fraud management process.
