Rajneesh Karnatak assumes charge as executive director of Union Bank of India; he last served as CGM of Punjab National Bank.
Federal Bank’s net interest income is high and we have curtailed large slippages, said CEO Shyam Srinivasan.
RBI has approved Amitabh Chaudhry's re-appointment for another three-year period, with effect from 1 January, 2022.
RBI carries out scrutiny in a customer account maintained with SBI; finds deficiencies in regulatory compliance and delay in reporting of fraud.
RBI slaps penalty of Rs 1.95 cr on Standard Chartered Bank for failing to report a cyber security incident under the prescribed time frame.
HDFC Bank Q2 net at Rs 8,834.31 cr, up 17.6% from Rs 7,513.11 crore a year ago. This comes on back of higher other income while provisions are marginally up.
Goel takes over from Union Bank managing director and CEO Rajkiran Rai G as IBA chairman for the term 2021-22.
Running into controversy and fearing prolonged legal hurdles, PNB Housing Finance has scrapped the Rs 4,000-crore proposed deal with US-based Carlyle Group.
RBI bans Haribhakti & Co from auditing regulated firms for 2 years with effect from April 1, 2022.
Punjab National Bank’s aim of ‘6S Campaign’ is to drive special awareness for development of financial services; to also accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
Bank of Maharashtra’s digital lending platform provides in-principle approval for home and car loans instantly on completion of filling the required information digitally.
In a bid to promote digital transactions, RBI raises limit to transfer money under Immediate Payment Service from Rs 2 lakh to Rs 5 lakh.
Bandhan Bank’s repayment collection from microfinance vertical also improved to 86% at the end of September, from 72% a quarter ago.
NCLT directs Zee Entertainment Enterprises to hold board meeting to consider minority shareholder Invesco’s request to hold EGM.
RBI pulls Indian Overseas Bank out of prompt corrective action curbs after reviewing bank’s performance on various parameters, including NPAs; now Central Bank of India waits for its turn.
