MD and CEO Vaidyanathan gifts 7 lakh shares of IDFC First Bank worth over Rs 5 crore held by him to five people not related to him.
Ajith Kumar gets RBI approval to be new managing director and CEO of Dhanlaxmi Bank; he succeeds JK Shivan.
NBCC is looking to set up its NBFC later this year; move to help it save $108 mn in interest costs over 2 years.
A special court presided over by a sessions judge or an additional sessions judge has the jurisdiction to try a complaint under the IBC, the SC held as it quashed a 2022 verdict of the Bombay HC.
A special court in Mumbai grants bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case; this paves way for him to walk out of jail after four years.
Strong growth momentum and GDP projections for 2024-25 give RBI policy space to unwaveringly focus on price stability, Governor Shaktikanta Das stressed at the MPC.
HDFC Bank sets up a branch in Lakshadweep's Kavaratti island; becomes India’s first private sector bank to have a presence there.
HDFC Credila will use the $100 mn it raises via ECB to grow its retail education loan franchise.
RBI keeps key policy rate unchanged at 6.5% for seventh consecutive time; GDP projected at 7% and inflation at 4.5% for FY25.
Depositors will soon be able to use UPI to deposit cash at cash deposit machines installed at ATMs and bank branches.
RBI’s purpose to review LCR framework is to work towards better management of liquidity risk by banks; it will soon issue a draft circular.
Several Axis Bank credit card customers witnessed unauthorised transactions where they received transaction alerts on certain low-value purchases being carried out at some e-commerce sites.
Nidhu Saxena has been appointed as MD and CEO of Bank of Maharashtra for a period of three years; he moves in from Union Bank of India where he served as executive director.
RBI modifies circular on regulated entities’ investments in alternative investment funds.
Supreme Court also directs SBI Chairman to file affidavit by 5 pm, 21 March indicating that bank has disclosed all details of electoral bonds which were in its possession and custody and no details have been withheld.
