ICICI Prudential AMC had applied to the RBI for seeking its prior approval to acquire up to 9.95% paid-up share capital of IDFC First Bank.
Tamilnad Mercantile Bank to spend Rs 250 crore on technology in FY26, similar to what it is spending this fiscal; thrust areas on asset side is growing small businesses and unsecured loans.
Canara Bank invites bids from ARCs, financial institutions and NBFCs; Rs 500 crore is fixed as reserve price.
RBI is introducing from 1 April a system where deposit insurance premiums paid by banks will be determined by their risk profiles; stronger banks to pay lower premiums.
Reserve Bank of India has kept its benchmark repo rate unchanged at 5.25% while maintaining neutral stance; upgrades GDP forecast and revises upwards inflation projection.
Govt has received financial bids for majority stake buy in IDBI Bank, says DIPAM secretary Arunish Chawla but does not disclose names of bidders; acquisition for market share gains.
RBI to compensate bank customers up to Rs 25,000 for losses from small-value digital frauds; provide one-time relief.
RBI’s move to make it easier for REITs to raise capital, reduce borrowing costs and trigger faster asset expansion in office and retail segments.
RBI doubles limit on collateral-free loans for small businesses to Rs 20 lakh; measure to boost credit to MSME sector.
RBI has been reviewing all the portfolios, whether it is gold loans, whether it is MSMEs, whether it is personal loans; all categories show good asset quality, low slippages and no cause for concern, said RBI Governor Sanjay Malhotra.
RBI had directed certain private banks to make additional standard asset provisions due to mis-classification of some agri loans as priority sector lending.
Gold-loan NBFCs do not require RBI nod to open more than 1,000 branches; large players like Muthoot and Manappuram Finance to gain.
NBFCs under Rs 1,000 crore and no public funds to be exempt from registration with RBI; move to ease compliance burden.
Reserve Bank of India approves private equity firm Blackstone's acquisition of up to a 9.99% stake in Federal Bank.
Yes Bank, which now has Japan's SMBC as its largest shareholder, has got RBI approval to appoint Vinay Tonse as MD & CEO for 3 years.
