Supreme Court directs State Bank of India to disclose unique alpha numeric numbers of electoral bonds, a revelation that would help establish link between donors and political parties.
Relatively unknown companies and several big business houses figure in list of purchasers of electoral bonds submitted by SBI to EC; top purchaser is Coimbatore-based lottery company Future Gaming and Hotel Services.
RBI directs Federal Bank and South Indian Bank to stop issuing new co-branded credit cards, a move that will halt their expansion drives in that growing space.
RBI slaps penalty of Rs 1.4 crore on Bank of India for non-compliance with certain regulatory norms; also imposes fine of Rs 29.55 lakh on Bandhan Bank
Department of Financial Services in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan.
Political parties purchased 22,217 electoral bonds between 1 April 2019 and 15 February 2024, SBI tells Supreme Court; out of this, 22,030 were redeemed.
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.
