RBI has given banks further time till 31 October 2021 to streamline their current accounts according to the new rules issued last year.
Vodafone Idea’s Rs 1.8 lakh crore debt worries bankers; plan meeting as Kumar Mangalam Birla offers to hand over stake in firm to government.
Indian Overseas Bank is in talks with Union Bank of India to sell its 35% stake in India International Bank, Malaysia.
Venugopal Dhoot has also sought NCLAT to direct lenders to consider Rs 31,789 cr settlement plan submitted by him under IBC.
Cabinet approves amendment that would allow depositors of a bank under moratorium to withdraw up to Rs 5 lakh in 90 days.
RBI indefinitely bars Mastercard from issuing new debit, credit or prepaid cards to domestic customers for violating local data storage rules.
A consortium of Indian banks can pursue freezing order to seek repayment of debt owed by Kingfisher Airlines; this follows British court’s bankruptcy order against Vijay Mallya.
Under SBI’s ‘Aarogyam Loan’, entire healthcare ecosystem can avail of loans up to Rs 100 crore repayable in 10 years.
The threshold limit on personal loan amount granted to board directors and their families has been revised to Rs 5 cr from Rs 25 lakh earlier.
NCLAT rejects 63 Moons Technologies’ plea to stay resolution plan for DHFL and its subsequent takeover by bidder Piramal Capital & Housing Finance.
Yes Bank posts 355.2% jump net profit to Rs 207 cr in Q1, the highest in 10 quarters; aided by 41% fall in provisions.
A domestic central bank digital currency could provide public with uses that private virtual currency offers and might retain public preference for rupee, says RBI deputy guv Rabi Sankar.
Vedanta's takeover offer for Videocon group of companies was too low, says Bank of Maharashtra CEO AS Rajeev; bank’s Q1 profit up 106% to Rs 208 cr.
A domestic central bank digital currency could provide public with uses that private virtual currency offers and might retain public preference for rupee, says RBI deputy guv Rabi Sankar.
