Atul Goel is slated to take over as new MD and CEO of Punjab National Bank from 1 February; SBI DMD Soma Sankara Prasad has replaced Goel as head of UCO Bank.
RBI approves appointment of Rajeev Ahuja as interim MD & CEO of RBL Bank for a period of 3 months with effect from Dec 25, or till appointment of regular MD & CEO, whichever is earlier.
With uncertainty prevailing due to Omicron variant of Covid-19, RBI has extended the last date for periodic KYC update till March 31.
Shares of RBL Bank plunge 10% following news report that the private lender wrote off a Rs 300-crore loan within seven months of being sanctioned.
In its financial stability report, RBI has said that private cryptocurrencies pose immediate risks to customer protection, anti-money laundering and combating terrorism financing.
With second supplementary demand of grants worth Rs 3.73 lakh cr, presented in Dec, budgeted fiscal deficit of 6.8% of GDP may come under strain, RBI’s Financial Stability Report said.
Inflation also continued to be a concern as it faced cost-push pressures, RBI Governor Shaktikanta Das said.
4,071 banking fraud cases reported in first half involving Rs 36,342 cr; frauds relating to advances are more than those linked to card or internet transactions.
NRIs and OCIs do not require RBI’s prior approval for buying or selling immovable properties in India other than agricultural land, farm house and plantation property.
Rajiv Anand has been functioning as the executive director (Wholesale Banking) of Axis Bank since December 2018.
RBI has from New Year allowed banks to hike charges on cash and non-cash ATM withdrawals once free monthly limit is exhausted.
RBI appoints Yogesh Dayal as additional director on board of RBL Bank; longtime MD & CEO Vishwavir Ahuja steps aside and Rajeev Ahuja takes over as interim head.
Deadline extended as stakeholders not yet ready; RBI’s new rules for card storage data will now come into effect from 1 July.
Omicron variant of Covid-19 exposes global economy to risks and journey of monetary policy is going to get more challenging, RBI Governor Shaktikanta Das said at the MPC meeting.
