State Bank of India has declared loan accounts of MTNL as sub-standard NPAs due to non-payment of instalments and interest since 30 June.
Bank of Baroda decides to sell its Oman operation to Bank Dhofar; this is part of lender’s rationalisation exercise.
Really important for market regulator to be like ‘Caesar’s wife must be above suspicion’, former RBI Governor Raghuram Rajan said, while responding to a question on multiple allegations levelled by Hindenburg Research.
Post the amalgamation, there will be a simplified corporate structure at the bank with no holding company.
KVS Manian has taken charge as new managing director & CEO of Federal Bank, succeeding Shyam Srinivasan.
UCO Bank has recovered about 90% of the Rs 820 cr which was erroneously transferred to several of its account holders via IMPS; only Rs 4 cr recovered since 31 March.
IIFL Finance can resume sanctioning, disbursal, assignment, securitisation and sale of gold loans.
Vaidyanathan will hold the position of IDFC First Bank MD & CEO for three years, from 19 December 2024 to 18 December 2027.
Damodar Valley Corporation is setting up two thermal power units of 800 MW each in Koderma, Jharkhand.
Reserve Bank of India is not in favour of foreign bidders acquiring 51% in Yes Bank; Japan’s Sumitomo Mitsui Banking Corporation has shown interest in acquiring a controlling 51% stake.
Reserve Bank of India imposes penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for lapses in statutory and regulatory compliance.
Punjab National Bank has tied up with Zomato and Blinkit to offer exclusive discounts to their credit cardholders.
Sanjeev Mehta has stepped down as Standard Chartered Bank's managing director and head of transaction banking sales for corporate, commercial and institutional Banking for South Asia; he plans to launch a greenfield venture.
RBI imposes penalty of Rs 3.5 lakh on Housing and Urban Development Corporation; Godrej Housing and Aadhar Housing Finance also fined.
FSIB has recommended Rama Mohan Rao Amara’s name for the post of managing director of SBI; he is currently deputy MD of the bank.
