Supreme Court dismisses SBI’s extension until 30 June plea; directs bank to disclose electoral bonds info to Election Commission by close of business hours on 12 March.
Public sector banks will have to bear additional yearly outgo of Rs 8,284 crore as IBA and bank employee unions agree on annual wage hike of 17%; recognising all Saturdays as holidays awaits govt notification.
Government leaves interest rates unchanged on various small savings schemes for first quarter of next fiscal, beginning 1 April 2024.
CBI conducts searches at 67 locations in seven cities of Rajasthan and Maharashtra in connection with Rs 820-crore IMPS scam in UCO bank.
RBI asks credit card issuers not to enter into any arrangement or agreement with card networks that restrain customers from availing services of other networks.
Indian-Canadian billionaire Prem Watsa-backed Fairfax India on Wednesday announced its commitment to provide up to $200 million (about Rs 1,650 crore) liquidity support to IIFL Finance.
State Bank of India requests Supreme Court to grant time until 30 June to disclose details of each electoral bond encashed by political parties; Opposition parties make allegations.
The NBFC cannot also securitise or sell any of its gold loans, as per the RBI directive.
RBI finds JM Financial indulging in various manipulations, including helping a group of its customers to bid for various IPOs by using loaned funds.
About Rs 8,470 crore worth of the withdrawn Rs 2,000 notes are still with public; Rs 2,000 banknotes continue to be legal tender.
The statistics ministry now expects full-fiscal GDP growth to be at 7.6%, higher than its earlier estimate of 7.3%.
While credit growth to industry has decelerated, it has moderated in the case of personal loans, RBI data showed.
Canara Bank would need 2-3 months to get approval for stock split from RBI; split would make shares more affordable for retail investors and boost their shareholding.
Bank of Maharashtra's board entrusts two EDs to look after financial and administrative powers and functions of bank till such time regular MD & CEO is appointed by government.
