RBI allows LIC to increase its holding in Kotak Mahindra Bank up to 9.99% from the current 4.96%; this comes immediately after RBI finalises new norms on ownership of private banks.
A day after superseding board of Reliance Capital, RBI appoints three-member advisory committee to assist administrator of troubled company.
Anil Ambani-controlled Reliance Capital will soon go under insolvency process; RBI appoints former Bank of Maharashtra director Y Nageswar Rao as administrator.
Names of Indian Overseas Bank and Central Bank of India crop up again as targets for privatisation as govt plans to introduce Banking Laws (Amendment) Bill 2021 in winter session of Parliament.
SBI has listed its $650-mn green bonds simultaneously on the India International Exchange and the Luxembourg Stock Exchange.
Setting to rest the concerns of about 180 mn customers, Punjab National Bank has said that their personal data has seen no pilferage or breach of systems as alleged by a cyber security firm.
Punjab National Bank admits of server glitch but denies allegations that personal and financial information of its 180 mn customers were exposed for about seven months.
Union Bank of India ranks 3rd amongst 12 public sector banks in EASE 4.0 Reforms Index for Q1 FY22, as per IBA.
Bank of Maharashtra opens 2,000th branch at temple town of Tirumala; branch to extend new-age banking convenience to a diverse customer base.
Lala Lajpat Rai played an instrumental role in founding the present-day PNB in 1894 and was the first to open an account with the bank.
HSBC left private banking space in India in 2015; surge in number of super-rich and buoyant stock market makes banking giant explore a re-entry.
SBI posts 66.7% rise in Q2 net profit to Rs 7,627 crore on back of asset quality improvement and lower provisioning.
In gesture of support for Pratip Chaudhuri, SBI chairman Dinesh Khara said executives at top level in the bank don’t get involved in small ticket loans.
Union Bank of India ups recovery target for FY22 to Rs 16,000 crore from Rs 13,000 cr; recoveries & upgrades touch Rs 10,000 cr in first half of FY22.
Pratip Chaudhuri arrested on allegations of selling hotel property at undervalued price after declaring it NPA; prompts senior bankers to come to his defense and SBI says all due processes followed in asset sale.
