RBI gives banks time till March 2022 to use only lockable cassettes for replenishing cash in ATMs.
India’s bad bank got formalised with incorporation of NARCL in Mumbai; SBI’s Padmakumar Madhavan Nair to be managing director.
India’s bad bank got formalised with incorporation of NARCL in Mumbai; SBI’s Padmakumar Madhavan Nair to be managing director.
Equitas Small Finance Bank has been allowed by RBI to apply for amalgamation of the promoter entity into itself.
Bankers working in sensitive positions, including in treasury operations, will be compulsorily sent on surprise leave for at least 10 days every year, RBI said.
Exact quantum of stake dilution to be decided before the request for proposal stage of the transaction.
RBI approves reappointment of Shyam Srinivasan as MD & CEO of Federal Bank for three more years until 22 Sep 2024.
RBI asks banks and financial institutions to use any widely accepted alternative reference rate by 31 December 2021.
RBI imposes penalty on 14 banks, with a maximum Rs 2 cr fine on Bank of Baroda; non-compliance with certain provisions includes lending to NBFCs.
Punjab National Bank asks housing arm to go for alternate capital raising plan that is in line with Sebi directive; PNB Housing Finance decides to wait for SAT order.
The pandemic year saw 1.90% reduction in amount outstanding from wilful bank defaulters at Rs 2.11 lakh crore at end of 2020-21, TransUnion CIBIL said.
The pandemic year saw 1.90% reduction in amount outstanding from wilful bank defaulters at Rs 2.11 lakh crore at end of 2020-21, TransUnion CIBIL said.
