CBI conducts searches at 13 locations in West Bengal and Karnataka; action follows FIR registered on complaint from UCO Bank against two support engineers and other unknown persons.
CSB Bank promoter receives approval from RBI to retain 26% stake in the lender, instead of 15% as advised by the central bank earlier.
RBI imposes penalty of Rs 10,000 each on HDFC Bank and Bank of America for violation of certain norms; also fines 5 cooperative banks.
Govt issues fresh RFP for appointment of asset valuer for strategic sale of IDBI Bank, hoping that this would generate more bidder interest.
Canara Bank plans to buy out stakes of Bank of Baroda and DBS Bank in Canbank Computer Services; receives RBI nod for divesting 70% stake in Canbank Factors.
“IDBI Bank is LIC’s number one partner in bancassurance. We will retain some stake in IDBI Bank so that the bancassurance partnership continues," chairman Siddhartha Mohanty said.
RBI slaps penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda and Indian Overseas Bank for contravention of various regulatory norms.
Unlike the case of PMC Bank, RBI has not placed any business restrictions on Mumbai-based Abhyudaya Cooperative Bank.
Some NBFC-MFIs appear to be enjoying relatively higher net interest margins; microfinance lenders should ensure flexibility provided to them in setting interest rates is used judiciously, says RBI Governor Shaktikanta Das.
New MD Vinay Tonse gets retail banking and operations while Alok Choudhary moves to risk, compliance & stressed assets; Ashwini Tewari gets corporate banking and subsidiaries.
IDBI Bank’s stake sale set for further delay as low bidder interest prompts government to cancel bid process for appointment of asset valuer.
RBI imposes monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram Finance for violation of certain regulatory norms.
Lending rate for consumer loan borrowers set to increase; higher lending rates by banks to NBFCs to spill over to corporate bonds.
RBI increases risk weights with respect to consumer credit exposure of commercial banks and NBFCs by 25% to 125%.
In a major slip, UCO Bank transfers Rs 820 crore to some of its account holders due to a technical issue in the IMPS; recovers Rs 649 crore.
