RBI’s draft norms say aggregate capital market exposure of banks should not exceed 40% of their tier 1 capital.
UAE’s second-largest bank has agreed to invest Rs 26,850 crore in RBL Bank; the largest cross-border deal in India’s banking sector to trigger more consolidation drives.
Sumitomo Mitsui Banking Corporation has no plans to seek RBI approval for increasing its stake in Yes Bank to beyond 24.99%, says Rajeev Kannan.
Banks in India and their overseas branches are allowed to lend in Indian rupees to persons resident in Bhutan, Nepal, and Sri Lanka to facilitate cross-border trade transactions.
Inflation cools to 1.54% in September, marking lowest level since 2017; this is 7th straight month when it has stayed below RBI’s medium-term target of 4%.
After Yes Bank-SMBC deal, Dubai-based Emirates NBD Bank is looking to buy 25% stake in RBL Bank; to be followed by open offer for another 26%.
One of four MD positions in SBI will be open to private sector professionals; similarly, one ED position in PSU bank will be open to private sector and internal candidates.
Users of UPI now have option to authorise payments using fingerprints or facial recognition as alternative to PIN.
IIHL, promoter of IndusInd Bank, acquires additional 49% stake in Sterling Bank to take full ownership of Bahamas-based firm.
RBI opens door for Indian banks to fund M&As and proposes to scrap Rs 10,000 cr cap on individual corporate exposure; incremental credit demand has potential to let loose Rs 5.5 lakh cr.
RBI weighing pros and cons on whether to allow lenders to lock phones bought on default loans; aimed at recovery of small-ticket loans mostly from low-income customers.
RBI strengthens consumer grievance resolution by empowering internal ombudsman scheme; rural cooperative banks also brought under ambit of scheme.
RBI Governor Sanjay Malhotra said bouquet of services offered to basic savings bank deposit account holders is proposed to be expanded to include digital banking services.
RBI Governor Sanjay Malhotra has clarified that there is no proposal to levy any charge on UPI transactions.
RBI to introduce premium model for deposit insurance where well-rated banks pay less and weaker ones more. This will incentivise risk management and drive less sound banks to clean up their books.
