RBI imposes penalty of Rs 2.92 crore on Canara Bank for violation of various norms, including opening savings accounts of ineligible entities and linking interest rates to external benchmark.
This is second consecutive month that CPI inflation remained below RBI’s upper tolerance limit of 6%.
NCLT appoints Abhilash Lal as interim resolution professional to run Go First as a going concern and not to retrench any employee; lessor SMBC Aviation Capital moves NCLAT.
RBI has said that fees and charges payable in India on forex prepaid cards, store value cards and travel cards have to be denominated and settled in rupees only.
RBI imposes fine of Rs 1.74 crore on HSBC for violation of rules relating to submission of information to the country’s credit information bureaux.
Union Bank of India posts 93.3% YoY rise in Q4 net profit to Rs 2,782 crore, following healthy growth in net interest income and improvement in asset quality.
NCLT reserves order on Go First’s plea seeking voluntary insolvency resolution proceedings and interim moratorium on financial obligations.
Though Wadia Group-owned Go First has not defaulted on any of its loans till April, the airline has said that defaults to financial creditors would be imminent due to its prevailing financial situation.
Public sector banks could recover only 14% of written off loans worth Rs 7.34 lakh crore in last five years ended March 2022.
Government appoints Rajneesh Karnatak as MD of Bank of India and Debadatta Chand as head of Bank of Baroda.
Hinduja Group emerges as lone bidder for bankrupt Reliance Capital on second round of auction with offer of Rs 9,650 crore.
Axis Bank’s loan book grows 19% YoY to Rs 8.45 lakh crore as on 31 March 2023; deposits up 15% YoY to Rs 9.46 lakh crore.
State Bank of India concludes sale of $750-million senior 5-year notes at a coupon of 4.875%.
Union Bank of India’s board has approved raising up to Rs 10,100 crore through a mix of debt and equity.
Bank of Maharashtra plans to add 200 branches in FY24 and have branch presence in 750 districts, says CEO AS Rajeev; Q4 net soars 135% to Rs 840 crore.
