RBI extends deadline till 31 December 2023 for banks to enter into revised agreements with safe deposit locker holders.
Bombay HC order not to have any impact on Yes Bank’s core Tier-1 capital, says CEO Prashant Kumar; bank has strong grounds to appeal.
Bombay HC order not to have any impact on Yes Bank’s core Tier-1 capital, says CEO Prashant Kumar; bank has strong grounds to appeal.
Canara Bank enters into share sale agreement with SBI to sell its entire 40% stake in Commercial Indo Bank LLC (CIBL), Moscow, Russia.
Government proposes slew of changes to insolvency law, including fast-tracking process and expanding scope of pre-packaged framework.
India’s retail inflation eased to one-year low of 5.72 % and stayed below RBI’s upper tolerance limit for second consecutive month amid cooling food prices; industrial output rose at fastest pace since June.
Govt extends term of State Bank of India managing director Challa Sreenivasulu Setty by two years with effect from January 20.
Govt extends term of Michael Patra as deputy governor of RBI by one year.
Former ICICI CEO Chanda Kochhar was released from Byculla Prison while her husband Deepak Kochhar was released from Arthur Road Jail.
While no names have been disclosed, the buzz is that a consortium, two foreign banks and a private equity firm are among those who have made the preliminary bid for IDBI Bank.
Govt and RBI are in discussion with South Asian countries to have cross-border trade in rupee, Governor Shaktikanta Das said.
SEBI allows government’s shareholding in IDBI Bank to be reclassified as “public” after its stake sale on condition that its voting rights do not exceed 15%.
Customers need not visit a bank branch to do fresh KYC; self-declaration by customers through non-face-to-face channels is sufficient to complete re-KYC process, if there is no change in information.
RBI lifts ban on Mahindra & Mahindra Financial Services for outsourcing recovery operations using third- party collection agents.
RBI continues to categorise State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks; these three banks are ‘too big to fail’.
