RBI proposes to drop due diligence requirement for MSMEs to onboard trade receivables discounting system platforms.
RBI proposes to scrap investment fluctuation reserve which banks are required to maintain as additional buffer to hedge against depreciation in value of investments.
RBI proposes classifying banking correspondents into two categories based on their assignments and suggested uniformity in fixing their wages.
Vinay Tonse assumes charge as chief of Yes Bank, marking the start of a new phase in the private lender’s journey; will take up the challenge of ramping up profitability.
RBI has also allowed Emirates NBD to be classified as the promoter of RBL Bank, subject to applicable SEBI regulations.
Atanu Chakraborty said reasons include misselling of AT-1 bonds in Dubai and under-performance of lender on multiple counts.
RBI’s step last week to curb speculation in foreign-exchange market and cushion rupee provides only temporary bump to rupee as it slumps to record lows.
RBI imposes Rs 31.8 lakh penalty on Airtel Payments Bank for non-compliance with certain provisions related to disclosure in financial statements.
RBL Bank plans to take its total branch count to 800 by end of FY27; added 13 of the 23 new branch launches on Tuesday.
Doha Bank to close its Mumbai and Kochi branches after operating in India for over a decade; board’s decision is to keep only a representative office in India.
Rupee closes Friday at all-time low of 94.84 against US dollar; is set for worst fiscal-year performance in over a decade as war escalates in the Gulf region.
RBI imposes fines on Union Bank, Central Bank, Bank of India and Pine Labs for non-compliance with regulatory norms.
Govt keeps inflation target unchanged till 31 March 2031; 4% is target with a margin of 2% on either side.
HDFC Bank has appointed two domestic law firms and one US-based law firm to review the resignation letter of former part-time chairman Atanu Chakraborty.
Two days after abrupt resignation of part-time chairman Atanu Chakraborty, axe falls on three HDFC Bank executives due to alleged involvement in mis-selling of AT-1 bonds of Credit Suisse to customers at Dubai branch.
