After UPI has revolutionised the retail payment system, RBI is all set to launch the Unified Lending Interface platform with an eye to transform the lending landscape.
RBI Governor Shaktikanta Das ranked top central banker globally for second consecutive year by US-based Global Finance magazine.
RBI approves appointment of Salee Sukumaran Nair as MD and CEO of Tamilnad Mercantile Bank for a period of three years.
RBI tightens norms for non-banking financial company-peer to peer lending platforms, barring them from taking any credit risk, offering credit enhancement or providing guarantees.
SBI raises marginal cost of funds-based lending rate by 10 basis points across tenors, making most of the loans costlier.
After directing all its departments and public sector units to close their accounts at State Bank of India and Punjab National Bank a few days back, the Karnataka government has now kept its circular in abeyance for 15 days.
SBI aims to strike a deal by end-March for the sale of its 24% stake worth Rs 18,420 crore in Yes Bank.
Reserve Bank of India has imposed penalties on CSB Bank, Union Bank of India and Muthoot Housing Finance, for violation of various regulatory guidelines.
HDFC Bank’s Sashidhar Jagdishan is top paid bank CEO with remuneration of Rs 10.77 cr; salary hikes of heads modest in FY24.
RBI puts housing finance companies at par with NBFCs; HFCs need to maintain higher liquid assets to back public deposits.
Banking Laws (Amendment) Bill, 2024, introduced in Lok Sabha; among other changes, it proposes to allow customers of banks to name up to four nominees to their accounts.
RBI keeps repo rate unchanged at 6.5% for 9th consecutive time; retains growth and inflation forecast for FY25 at 7.2% and 4.5% respectively.
While offering top-up loans, certain banks and NBFCs have not strictly adhered to regulatory prescriptions relating to loan to value ratio, risk weights and monitoring of end-use of funds; RBI asks lenders to review such practices and take remedial action.
Govt of India appoints Challa Sreenivasulu Setty as next chairman of State Bank of India; his three-year tenure comes into effect from 28 August.
Recovery against Rs 9.90 lakh crore loan write-off was just Rs 1.84 lakh crore during last five financial years; write-off was highest at Rs 2.34 lakh crore in FY20.
