Exact quantum of stake dilution to be decided before the request for proposal stage of the transaction.
RBI approves reappointment of Shyam Srinivasan as MD & CEO of Federal Bank for three more years until 22 Sep 2024.
RBI asks banks and financial institutions to use any widely accepted alternative reference rate by 31 December 2021.
RBI imposes penalty on 14 banks, with a maximum Rs 2 cr fine on Bank of Baroda; non-compliance with certain provisions includes lending to NBFCs.
Punjab National Bank asks housing arm to go for alternate capital raising plan that is in line with Sebi directive; PNB Housing Finance decides to wait for SAT order.
The pandemic year saw 1.90% reduction in amount outstanding from wilful bank defaulters at Rs 2.11 lakh crore at end of 2020-21, TransUnion CIBIL said.
The pandemic year saw 1.90% reduction in amount outstanding from wilful bank defaulters at Rs 2.11 lakh crore at end of 2020-21, TransUnion CIBIL said.
Higher trade deficit and surge in gold imports push current account deficit up. In March quarter, current account deficit stood at $8.1 bn, or 1% of GDP.
Government expects fiscal deficit for 2021-2022 at 6.8% of GDP or Rs 15,06,812 crore.
Beyond the first 4 cash withdrawals per month, SBI will charge at branches, ATMs and cash distributing machines; this will come into force from 1 July.
Beyond the first 4 cash withdrawals per month, SBI will charge at branches, ATMs and cash distributing machines; this will come into force from 1 July.
FM Nirmala Sitharaman anounces Rs 1.1 lakh cr loan guarantee scheme for Covid-hit sectors; additional Rs 1.5 lakh cr for ECLGS scheme.
RBI extends the restrictions taking into account the time required for Centrum to complete takeover of PMC Bank; distress for depositors to continue this year.
