RBI slaps fine of Rs 2 cr on Deutsche Bank AG for violating deposit rate norms.
For achieving 7-9% growth in FY22, NBFCs would require additional funding lines of Rs 1.9-2.2 lakh crore, Icra said.
The six-member academic advisory council will be headed by former RBI deputy governor NS Viswanathan.
SBI raises $600 mn through offshore bonds at a record low rate of 1.8%.
Delhi HC said SBI at liberty to investigate RCom, Reliance Telecom and Infratel independent of the action of declaring the accounts as fraud.
Shivalik Mercantile Co-operative Bank becomes first urban cooperative bank to transition to a small finance bank.
-225x225.jpg "Grievances against LIC rose sharply over the years: IRDAI report")
Number of policyholder complaints against LIC rises in past few years; grievances against private life insurers fall.
SBI Mutual Fund’s stake in CSB Bank rose from 4.96% to 5.01% following acquisition of additional 86,993 shares.
RBI announces second cohort theme of 'cross-border payments'; it also reduces net-worth requirement for entities interested in participating.
Three broad trends would continue to influence RBI's monetary policy beyond this fiscal. Indianbankingnews.com collects views of economists to understand how the economy is shaping up.
The resolution professional of Jet Airways has filed a revival plan approved by the committee of creditors with the NCLT.
Total bank credit grows 5.5% amid slowdown in retail and home loans. Credit cards grow 4.9% and vehicle loans by 8.4%, as per RBI data until 23 Oct.
RBI upgrades GDP forecast to contraction of 7.5% this fiscal; earlier, in Oct, RBI had predicted GDP contraction of 9.5% for the financial year.
RBI is yet to form a view on an internal panel's recommendation of allowing corporates to own banks and will take a final call on it after collecting public comments, governor Shaktikanta Das said.
inflation is likely to remain elevated; signs of recovery are far from being broad-based and are dependent on sustained policy support.
