NEWS


RBI ups cap on personal loans to board directors

RBI ups cap on personal loans to board directors

The threshold limit on personal loan amount granted to board directors and their families has been revised to Rs 5 cr from Rs 25 lakh earlier.

NCLAT rejects plea to stay Piramal's resolution plan for DHFL

NCLAT rejects plea to stay Piramal's resolution plan for DHFL

NCLAT rejects 63 Moons Technologies’ plea to stay resolution plan for DHFL and its subsequent takeover by bidder Piramal Capital & Housing Finance.

Yes Bank posts highest quarterly net since Dec 2018

Yes Bank posts highest quarterly net since Dec 2018

Yes Bank posts 355.2% jump net profit to Rs 207 cr in Q1, the highest in 10 quarters; aided by 41% fall in provisions.

RBI working on phased introduction of digital currency

RBI working on phased introduction of digital currency

A domestic central bank digital currency could provide public with uses that private virtual currency offers and might retain public preference for rupee, says RBI deputy guv Rabi Sankar.

'Low resolution value of Videocon made us move NCLAT', says Bank of Maharashtra CEO

'Low resolution value of Videocon made us move NCLAT', says Bank of Maharashtra CEO

Vedanta's takeover offer for Videocon group of companies was too low, says Bank of Maharashtra CEO AS Rajeev; bank’s Q1 profit up 106% to Rs 208 cr.

RBI working on phased introduction of digital currency

RBI working on phased introduction of digital currency

A domestic central bank digital currency could provide public with uses that private virtual currency offers and might retain public preference for rupee, says RBI deputy guv Rabi Sankar.

'Low resolution value of Videocon made us move NCLAT'

'Low resolution value of Videocon made us move NCLAT'

Vedanta's takeover offer for Videocon group of companies was too low, says Bank of Maharashtra CEO AS Rajeev; bank’s Q1 profit up 106% to Rs 208 cr.

Indian Bank to transfer Rs 1,900 cr of bad loans to NARCL

Indian Bank to transfer Rs 1,900 cr of bad loans to NARCL

Indian Bank Q1 net at Rs 1,182 cr; bank to move eight accounts worth Rs 1,900 cr to the bad bank.

NCLAT stays Anil Agarwal's takeover of Videocon

NCLAT stays Anil Agarwal's takeover of Videocon

NCLAT stays Twin Star Technologies’ Rs 2,962.02 cr-takeover bid of Videocon; two dissenting creditors had filed pleas opposing the resolution plan.

Indian Bank to transfer Rs 1,900 cr of bad loans to NARCL

Indian Bank to transfer Rs 1,900 cr of bad loans to NARCL

Indian Bank Q1 net at Rs 1,182 cr; bank to move eight accounts worth Rs 1,900 cr to the bad bank.

NCLAT stays Anil Agarwal's takeover of Videocon

NCLAT stays Anil Agarwal's takeover of Videocon

NCLAT stays Twin Star Technologies’ Rs 2,962.02 cr-takeover bid of Videocon; two dissenting creditors had filed pleas opposing the resolution plan.

HDFC Bank CEO updates on tech, Mastercard

HDFC Bank CEO updates on tech, Mastercard

HDFC Bank complies with 85% of RBI's asks on technology; ball now in RBI’s court on when to lift ban on issuing new credit cards, CEO Sashidhar Jagdishan says.

HDFC Bank CEO updates on tech, Mastercard

HDFC Bank CEO updates on tech, Mastercard

HDFC Bank complies with 85% of RBI's asks on technology; ball now in RBI’s court on when to lift ban on issuing new credit cards, CEO Sashidhar Jagdishan says.

RBI extends deadline for banks to upgrade ATMs

RBI extends deadline for banks to upgrade ATMs

RBI gives banks time till March 2022 to use only lockable cassettes for replenishing cash in ATMs.

RBI bans Mastercard from adding new customers

RBI bans Mastercard from adding new customers

RBI indefinitely bars Mastercard from issuing new debit, credit or prepaid cards to domestic customers for violating local data storage rules.