IDFC First Bank CEO V Vaidyanathan gifts 5 lakh shares of bank held by him to family members of a deceased colleague; value of shares as per current price is over Rs 2.1 cr.
Punjab National Bank reports fraud of Rs 2,060 crore in NPA account of IL&FS Tamil Nadu Power Company; bank already made provisions of Rs 824 cr.
Banks recover Rs 7.34 lakh cr in six-and-a-half-years; this includes Rs 55,895 cr recovery of fraud amount.
Retail inflation surges to 6.07% in February on higher food prices; is above RBI’s upper band target of 6%.
RBI says interest rates and other charges must not be usurious in nature; lays down guidelines that will bring banks and non-bank microfinance lenders on level playing field.
ICICI Bank has allotted 80,000 senior unsecured redeemable long-term bonds in the nature of debentures, aggregating to Rs 8,000 crore, on private placement basis.
ICICI Bank has signed an agreement with NARCL to acquire for Rs 137.5 crore a stake of up to 5% in NARCL.
Bank credit grew by 7.9% to Rs 116.27 lakh crore and deposits rose by 8.6% to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed.
After scrapping Rs 4,000-crore deal with Carlyle, PNB Housing Finance said it has got board approval to raise Rs 2,500 crore through rights issue.
Trading at 76.16 per dollar on Friday even as the Russian forces attacked a nuclear plant in Ukraine, it was weaker than the previous day’s closing at 75.91.
Canara Bank has raised Rs 1,000 crore in Basel III-compliant additional tier I, series III bonds, at a coupon rate of 8.07% per annum.
State Bank of India will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its invasion of Ukraine.
Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get lion's share of Rs 15,000 crore earmarked for capital infusion in state-owned banks for current fiscal.
LIC, which is heading for IPO, is likely to keep part of its stake in IDBI Bank as it sees strategic value in using the bank’s large network of branches to market its insurance services.
Dhanlaxmi Bank Q3 net profit dropped 82.81% YoY to Rs 2.3 crore amid a sharp fall in other income.
