Net NPA ratio of banks declined to multi-year low of 0.8% and India's domestic financial system remains resilient, said RBI’s Financial Stability Report.
RBI has given its approval for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank.
RBI has approved the appointment of C S Rajan as chairman of Kotak Mahindra Bank for two years.
Canara Bank’s board has given in-principle approval to initiate the process of launching an IPO for its mutual fund subsidiary, Canara Robeco Asset Management Company.
SBI raises interest rates on fixed deposits by up to 50 basis points across various tenors; could trigger a similar move from other banks.
RBI, HDFC Bank and ICICI Bank receive 11 bomb threats in Mumbai but police find no suspicious object at these locations; sender of mail demands resignations of FM Nirmala Sitharaman and RBI Governor Shaktikanta Das.
RBI introduces Card-on-File token facility at the level of banks and other institutions; move will make it convenient for cardholders to get tokens created and linked to their existing accounts with various e-commerce applications.
Assistant manager of South Indian Bank’s Noida branch has been booked for allegedly siphoning off more than Rs 28 crore and transferring it to the accounts of his relatives and other associates.
While Rs 36,185 crore of unclaimed deposits reside in public sector banks, Rs 6,087 crore are with private sector banks.
RBI bars banks and NBFCs from investing in any scheme of alternative investment funds linked to borrowing companies.
IMF notes that RBI’s foreign exchange interventions have been used to avoid excessive volatility not warranted by fundamentals; RBI dismisses this view as being “incorrect” and “unjustified”.
Govt document, shared on X, triggers speculation that Union Bank of India and UCO Bank could possibly merger while Bank of Maharashtra and Bank of India could get together; govt later revises letter to end speculation.
Enforcement Directorate has taken up 1,105 bank fraud cases, attached crime proceeds worth Rs 64,920 crore and arrested 150 people, Minister of State for Finance Bhagwat Karad said.
Retail inflation climbed to a three-month high of 5.55% in November, led by higher food prices.
RBI cautions public not to fall prey to misleading ads offering loan waivers to borrowers.
