SBI chairman Dinesh Khara reshuffles top deck even as Alok Kumar Choudhary steps in as fourth MD to replace Ashwani Bhatia.
Will RBI be able to tame inflation while keeping GDP projection unchanged at 7.2%? Will moving to a positive real interest rate regime take long? (UPDATED)
Tamilnad Mercantile Bank, which is 100 years old, has got Sebi nod to raise funds through an IPO.
SBI chairman Dinesh Khara takes home 13.4% than what his predecessor Rajnish Kumar drew in year-ago period; Bank of Baroda and Canara Bank chiefs draw higher salaries in FY22.
RBI clarifies that there is no proposal to replace face of Mahatma Gandhi with that of others on currency and banknotes.
Large NBFCs will have to maintain provisions for standard assets in sectors like housing, SMEs and real estate, RBI said.
A Manimekhalai replaces Rajkiran Rai as MD & CEO of Union Bank of India; Swarup Kumar Saha is named head of Punjab & Sind Bank while Ajay Kumar Srivastava is made CEO of Indian Overseas Bank.
ICICI Bank and Punjab National Bank hike lending rates in range of 15-30 basis points; HDFC raises its benchmark lending rate by 5 bps.
Punjab National Bank starts charging for online transactions; hikes service charges for RTGS, NEFT.
Former SBI deputy MD Natarajan Sundar joins as NARCL chief; Karnam Sekar and Malvika Sinha are named independent directors.
DICGC scheme covers 97.9% of total number of accounts compared to international benchmark of 80%; in terms of amount, total insured deposits of Rs 81.1 trillion accounts for 49% of total deposits as of March-end 2022, compared to 20-30% internationally.
NBFCs and urban cooperative banks need to be mindful of frailties in balance sheets and ensure robust asset-liability management, apart from improving quality of credit portfolios, RBI said.
RBI reduces to Rs 25 crore the net worth requirement for non-bank entities to set up Bharat Bill Payment operating units; earlier it was Rs 100 crore.
After falling for ten consecutive weeks, India's forex reserves increased by $4.23 bn to $597.51 bn for the week ended 20 May.
RBI’s income up 20.14% and expenditure 280.13% in FY22; year ends with surplus of Rs 30,307.45 crore versus Rs 99,122 crore in previous year.
