India's forex reserves fall to $545.652 bn in week ended 16 September, the lowest since 2 October 2020; rupee dips to new low against dollar.
RBI’s directive follows days after Mahindra Finance’s outside loan recovery agents allegedly crushed a 27-year-old pregnant woman in Hazaribagh district in Jharkhand to death under the wheels of a tractor.
Central Bank of India is last bank to exit RBI’s PCA list as it improves in various parameters; agrees to comply with norms of minimum regulatory capital, net NPA and leverage ratio on ongoing basis.
IBBI allows part sale of assets of a company undergoing insolvency resolution; move to fetch better value for stressed assets and maximise recovery.
In Swiss Challenge auction, no competing bids were received against base bidder JC Flowers ARC; Yes Bank to pick up 19.99% stake in the ARC.
American Express Banking Corp has appointed Sanjay Khanna as the chief executive officer and country manager for India.
After declining for three months, CPI-based inflation rises to 7% in August from 6.71% a month ago; RBI may go for aggressive rate hike in next monetary policy.
RBI deputy governor T Rabi Sankar has urged for a law to protect customers' privacy to ensure that monetisation of customer data is done in a responsible manner.
SBI’s Haliyal branch has been fined Rs 85,177 by a consumer forum in Karnataka for dishonouring a cheque after failing to recognise Kannada numeral on it.
The 101-year-old bank will be able to raise Rs 831.60 crore at the upper end of the price band of Rs 500-525 per share.
NCLT directs Zee Entertainment Enterprises Ltd to convene shareholders’ meet on 14 Oct for approving merger with Sony.
RBI releases an alert list of illegal forex trading platforms and cautions against people undertaking transactions on them.
In an aggressive credit outreach programme, Bank of Maharashtra has sanctioned loans worth about Rs 1,000 crore.
CSB Bank will seek shareholders' nod this month to extend interim head Pralay Mondal's term till a regular MD & CEO is appointed.
The Rs 832-crore IPO got subscribed 1.53 times on the second day, receiving bids for 1,33,68,460 shares against 87,12,000 shares on offer.
