The board of Federal Bank has given its approval to publicly list FedFina; IPO will comprise fresh issue and offer for sale.
Rajendran, whose current three-year term was to end on Dec 8, will continue till March 2022.
ICICI Bank credit card customers will have to pay more on cash advances and for paying dues late; revised charges come into effect from February 10.
With RBI objecting to a ‘dual structure’, NARCL proposes a principal-agent relation. But this has flaws, writes Hargovind Sachdev.
State Bank of India will from February 1 add a new slab for the immediate payment service limit for money transfers. This is in the range between Rs 2 lakh to Rs 5 lakh, where the proposed service charges is Rs 20 plus GST.
RBI cancels Certificate of Authorisation of Muthoot Vehicle & Asset Finance, and Eko India Financial Services.
Asheesh Pandey moves in from the Union Bank of India where he served as CGM and COO.
RBI fixes ceiling for digital payments in offline mode at Rs 200 per transaction, subject to an overall limit of Rs 2,000.
It is curtains down on the ubiquitous LIBOR; banks transition to alternative reference rates.
Atul Goel is slated to take over as new MD and CEO of Punjab National Bank from 1 February; SBI DMD Soma Sankara Prasad has replaced Goel as head of UCO Bank.
RBI approves appointment of Rajeev Ahuja as interim MD & CEO of RBL Bank for a period of 3 months with effect from Dec 25, or till appointment of regular MD & CEO, whichever is earlier.
With uncertainty prevailing due to Omicron variant of Covid-19, RBI has extended the last date for periodic KYC update till March 31.
Shares of RBL Bank plunge 10% following news report that the private lender wrote off a Rs 300-crore loan within seven months of being sanctioned.
In its financial stability report, RBI has said that private cryptocurrencies pose immediate risks to customer protection, anti-money laundering and combating terrorism financing.
With second supplementary demand of grants worth Rs 3.73 lakh cr, presented in Dec, budgeted fiscal deficit of 6.8% of GDP may come under strain, RBI’s Financial Stability Report said.
