ICICI Bank currently holds 19% stake in I-Process Services (India), which was set up to provide staffing solutions services for financial institutions.
RBI approves Dipak Gupta’s appointment as MD and CEO of Kotak Mahindra Bank for two months; to decide on full-time chief of the bank during this period.
RBI plans to introduce wholesale a central bank digital currency in the call money market.
YONO generates quarterly fee income of Rs 100 crore and has potential to have Rs 30,000 crore loan book this fiscal, SBI chairman Dinesh Khara said.
RBI expands scope of UPI by allowing it to include pre-sanctioned credit lines issued by banks for transactions.
The post has fallen vacant after Swaminathan Janakiraman was appointed as RBI deputy governor; Vinay Tonse is currently serving as deputy MD at SBI.
NCDRC directs ICICI Bank to pay Rs 25 lakh compensation for losing original property title documents; borrower had deposited the documents for availing a housing loan.
Headline CPI inflation is expected to harden significantly in July-August, driven by spike in tomato and other vegetable prices, RBI Governor Shaktikanta Das said as per minutes of MPC meeting.
RBI will use various instruments while ensuring that banking system has adequate liquidity to meet productive requirements of economy, said Shaktikanta Das.
Bank of Baroda, which had put actor and MP Sunny Deol’s villa in Mumbai’s Juhu locality for sale to recover a loan of Rs 56 crore, has withdrawn the notice.
RBI has laid down guidelines allowing individual borrowers of home, car and other loans to switch over from floating to a fixed interest rate system.
RBI directs banks and NBFCs not to levy penal interest that is added to the rate of interest rate charged on the loans; new guidelines to come into effect from 1 January 2024.
RBI approves PR Seshadri to be MD & CEO of South Indian Bank for a period of three years from 1 October; he was earlier CEO of Karur Vysya Bank and MD of Citibank, Asia Pacific.
Higher-than-expected CPI inflation at 7.44% in July from 4.87% in preceding month will not force a rate hike; inflation needs to persist above 6% for at least two quarters for RBI to act, analysts said.
Bank of Maharashtra cuts interest rate on home and car loans by up to 20 bps; new rates effective from 14 August.
