Goel takes over from Union Bank managing director and CEO Rajkiran Rai G as IBA chairman for the term 2021-22.
Running into controversy and fearing prolonged legal hurdles, PNB Housing Finance has scrapped the Rs 4,000-crore proposed deal with US-based Carlyle Group.
RBI bans Haribhakti & Co from auditing regulated firms for 2 years with effect from April 1, 2022.
Punjab National Bank’s aim of ‘6S Campaign’ is to drive special awareness for development of financial services; to also accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
Bank of Maharashtra’s digital lending platform provides in-principle approval for home and car loans instantly on completion of filling the required information digitally.
In a bid to promote digital transactions, RBI raises limit to transfer money under Immediate Payment Service from Rs 2 lakh to Rs 5 lakh.
Bandhan Bank’s repayment collection from microfinance vertical also improved to 86% at the end of September, from 72% a quarter ago.
NCLT directs Zee Entertainment Enterprises to hold board meeting to consider minority shareholder Invesco’s request to hold EGM.
RBI pulls Indian Overseas Bank out of prompt corrective action curbs after reviewing bank’s performance on various parameters, including NPAs; now Central Bank of India waits for its turn.
Invesco has moved NCLT against Zee Entertainment for failing to announce date for EGM to remove CEO Punit Goenka; Invesco owns 17.88% and is largest shareholder in ZEEL.
The coronavirus pandemic has only accelerated India’s need to have 4-5 more SBI sized banks, Finance Minister Nirmala Sitharaman said.
SBI Card sells Rs 200 cr of bad loans to Encore ARC in Q1 of FY22; the credit card company of SBI plans to sell a similar amount in Q2.
Bank of Maharashtra celebrates 87th Foundation Day
Banks led by SBI have called on the government to give debt-laden Vodafone Idea more time to clear its tax dues and spectrum fees.
RBI explains modus operandi of such fraud cases; advises customers not to share account details or passwords with unidentified persons or agencies.
