This is SBI’s fourth such issuance and the coupon rate is at 7.49%; the issue received 134 bids, indicating a wider participation.
RBI has proposed that lenders should label defaulting borrowers as ‘wilful defaulters’ within six months of an account being classified as a non-performing asset.
RBI approves re-appointment of Sashidhar Jagdishan as HDFC Bank MD and CEO for three more years till 26 October 2026.
Collaboration between IREDA and Bank of Maharashtra aims to facilitate co-lending and loan syndication for renewable energy projects.
State Bank of India introduces digital facility for NRIs to open NRE and NRO accounts through its mobile app YONO.
In his resignation letter, Sridhar Kalyanasundaram cites several issues like factionalism in board, differences regarding rights issue and the bank’s one-time settlement scheme.
RBI releases list of NBFCs falling under ‘upper layer’ category; top three in hierarchical order include LIC Housing Finance, Bajaj Finance and Shriram Finance.
In this non-executive advisory role, Rajnish Kumar will guide Mastercard's executive leadership team in navigating the domestic payments landscape.
Retail customers will be able to send money to individuals and legal entities in India, Russia’s VTB Bank said.
Regulated entities will have to compensate borrower at rate of Rs 5,000 for each day of delay in returning property documents after completion of loan payment.
Bank of India has raised Rs 2,000 crore through tier II bonds at a coupon rate of 7.88%.
US-based GQG Partners acquires 50.7 mn shares from IDFC First Bank CEO Vaidyanathan for Rs 478.7 crore; Vaidyanathan to pay Rs 229 crore to subscribe to bank’s fresh shares through exercise of stock options.
The new norms, effective 1 April 2024, will involve classification, valuation and operation guidelines for the investment portfolio of commercial banks.
Bank of Maharashtra plans to raise the funds through private placement of Basel-III compliant tier II bonds; tenure of the bonds is going to be 10 years.
Reserve Bank of India approves Sandeep Bakhshi’s reappointment as MD and CEO with effect from 4 October 2023 until 3 October 2026.
