All-India Bank Officers' Confederation criticises move to privatise IDBI Bank; says it would be betrayal of parliamentary assurances given in 2003 that govt stake would not fall below 51%.
Proceeds of the issue will be deployed for climate change-related financing activities, Nabard chairman Shaji KV said.
Bank of Maharashtra plans to raise at least Rs 2,000 cr to bring down government’s stake to 75% in FY26, says MD Nidhu Saxena; meet SEBI’s minimum public shareholding norm of 25%.
Government’s stake sale to meet SEBI’s minimum public shareholding norm of 25%; paring stake to 75% in four banks to bring in an estimated $3.3 billion.
Anil Ambani denies all the charges made by Bank of India and claims that he is being selectively singled out.
RBI clarifies that even after the deal, Sumitomo Mitsui Banking Corporation will not to be treated as promoter of Yes Bank as it would have involved additional regulatory requirements.
Under this scheme, borrowers can avail loans ranging from Rs 25,000 to Rs 25 lakh with a flexible tenure of up to three years.
State Bank of India, Bank of Baroda and Indian Overseas Bank have reduced their marginal cost of funds-based lending rates by up to 35 basis points across tenors.
Agniveers with a salary account at SBI can avail loans up to Rs 4 lakh without any collateral and with a complete waiver of processing fee.
SBI’s new IMPS charges will range from Rs 2-10 plus GST, for fund transfers above Rs 25,000 and up to Rs 5 lakh.
ICICI Bank slashes minimum balance requirement for savings account in urban areas to Rs 15,000, a few days after hiking it steeply to Rs 50,000.
RBI will introduce new mechanism to clear cheques within few hours; to curtail current processing system which takes up to two working days for cheques to clear.
India’s retail inflation falls for ninth month in a row, providing further room to RBI-led MPC to cut interest rates amid tariffs-led trade tensions with the US.
RBI Governor Sanjay Malhotra says banks are free to decide on what minimum balance they want to set; this issue does not fall under regulatory domain of RBI.
Bank Bachao Desh Bachao Manch urges Finance Ministry to intervene and reverse ICICI Bank’s “retrograde decision” as it “undermines principle of financial inclusion”.
