Supreme Court also says resolution plan submitted to NCLT by lenders cannot be modified or withdrawn by resolution applicant.
Punjab National Bank’s board has approved raising up to Rs 6,000 crore by issuing bonds.
Tamilnad Mercantile Bank, which has a past record of governance lapses, has filed with Sebi to raise capital through IPO.
Federal Bank has launched its credit card, in association with global card network Visa.
RBI slaps fine of Rs 25 lakh on Axis Bank for violation of certain provisions of KYC norms; penalty based on deficiencies in regulatory compliance.
NCLAT
agrees to hear PNB’s plea that its claim amount in Jet Airways’ resolution plan
has been ‘arbitrarily’ reduced by RP.
Shanti Lal Jain will head Indian Bank for 3 years from the date of assumption of office on or after 1 September.
The Reserve Bank of India may launch its first digital currency trial programs by December, RBI Governor Shaktikanta Das told international business news channel CNBC in an interview.
Out of the 16 banks who made presentations for managing the country’s largest IPO, those who made it to the list also include Axis Capital, Kotak Mahindra Capital, ICICI Securities and Bank of America.
The appointments committee of the cabinet approves extension of terms of PNB’s Mallikarjuna Rao, Bank of Maharashtra’s AS Rajeev and UCO Bank’s Atul Goel.
Nirmala Sitharaman unveils district-wise credit outreach program to push bank loan growth from Oct; says too early to conclude if there is lack of demand for credit.
Students can avail SBI Global Ed-Vantage loan starting from Rs 7.50 lakh to Rs 1.50 cr; interest rate will be 8.65%, with 0.50% concession for women.
Finance Minister Nirmala Sitharaman unveiled Rs 6 lakh cr National Monetisation Pipeline that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.
RBI Governor Shaktikanta Das said economy is struggling to regain momentum that had gathered in 2nd half of 2020-21; need also to monitor price situation.
