Bank credit to GDP ratio is 56% while corporate debt to GDP ratio is 90%. So there is huge space for bank credit to grow, says SBI chairman Dinesh Khara.
The two-day nationwide bank strike has ended with the threat that more is to follow if the government decides to go ahead with its privatisation programme.
Prompted by collapse of some NBFCs, RBI’s prompt corrective action framework will come into effect from 1 Oct next year; will be applicable to deposit-taking NBFCs in middle, upper and top layers.
While Punjab National Bank was slapped a penalty of Rs 1.8 crore, ICICI Bank was imposed a fine of Rs 30 lakh.
NCLT admits RBI’s plea to initiate insolvency resolution proceedings against Reliance Capital, which owes its creditors over Rs 19,805 crore.
Madras HC had earlier ordered the "winding up of SpiceJet” and the “appointment of official liquidator" in a case filed by Credit Suisse claiming non-payment of $24.01 mn dues to engine maintenance services firm SRT Technics.
RBI allows LIC to increase its holding in Kotak Mahindra Bank up to 9.99% from the current 4.96%; this comes immediately after RBI finalises new norms on ownership of private banks.
A day after superseding board of Reliance Capital, RBI appoints three-member advisory committee to assist administrator of troubled company.
Anil Ambani-controlled Reliance Capital will soon go under insolvency process; RBI appoints former Bank of Maharashtra director Y Nageswar Rao as administrator.
Names of Indian Overseas Bank and Central Bank of India crop up again as targets for privatisation as govt plans to introduce Banking Laws (Amendment) Bill 2021 in winter session of Parliament.
SBI has listed its $650-mn green bonds simultaneously on the India International Exchange and the Luxembourg Stock Exchange.
Setting to rest the concerns of about 180 mn customers, Punjab National Bank has said that their personal data has seen no pilferage or breach of systems as alleged by a cyber security firm.
Punjab National Bank admits of server glitch but denies allegations that personal and financial information of its 180 mn customers were exposed for about seven months.
Union Bank of India ranks 3rd amongst 12 public sector banks in EASE 4.0 Reforms Index for Q1 FY22, as per IBA.
Bank of Maharashtra opens 2,000th branch at temple town of Tirumala; branch to extend new-age banking convenience to a diverse customer base.
