IDBI Bank has scripted a turnaround story after being handcuffed by RBI in May 2017. Will we see the revival of the 'big daddy' image? Will it set the road for future privatisation of banks in India?
RBI grants in-principle nod to Centrum to set up a small finance bank. BharatPe to have 50% stake in the SFB. Amalgamation of PMC Bank is next step.
Bank of Baroda has shut down close to 1,300 branches post-merger, making it the most ambitious branch rationalisation programme in India.
Punjab & Sind Bank’s floating auto loan rate is 7.10%; rate is even lower at 6.80% for govt staff who are maintaining salary account with the bank.
HDFC Bank will refund GPS device commission charged to auto loan borrowers between FY14 to FY20; move probably prompted by RBI directive that is set to stop the bank from being haunted by a past sin.
Canara Bank will be lead sponsor of National Asset Reconstruction Company Ltd with 12% stake in the bad bank entity.
RBI and Sebi to look into regulatory issues related to the proposed Rs 4,000 cr-investment by Carlyle and others in PNB Housing Finance.
Twin Star Technologies’ offer of Rs 2,962 cr for 13 Videocon companies, against admitted claims of Rs 64,838 cr, is close to their liquidation value.
Punjab National Bank to have stake in NARCL; transfer Rs 8,000 cr of NPAs to the proposed bad bank for resolution.
