RBL Bank said Wednesday an open offer by Emirates NBD Bank will commence from 12 December to acquire up to 26% of shares from the public.
SBI becomes first Indian bank to have total business cross Rs 100 lakh cr, with loan growth up 12.73% YoY to Rs 44.2 lakh cr and deposits at Rs 55.9 lakh cr; Q2 net profit at 20,160 cr.
State Bank of India is looking to launch its upgraded version of mobile banking app Yono 2.0 by December-end.
RBI’s proposals aim to reduce capital burdens on NBFCs while ensuring financial stability even as it encourages lending to low-risk infrastructure projects.
RBI also proposes raising loan amount to individuals to purchase shares through IPOs and FPOs.
Capital infusion will support Kerala-based mid-sized bank’s move to establish national footprint and become India’s fifth-largest private sector lender.
RBI’s draft norms say aggregate capital market exposure of banks should not exceed 40% of their tier 1 capital.
UAE’s second-largest bank has agreed to invest Rs 26,850 crore in RBL Bank; the largest cross-border deal in India’s banking sector to trigger more consolidation drives.
Sumitomo Mitsui Banking Corporation has no plans to seek RBI approval for increasing its stake in Yes Bank to beyond 24.99%, says Rajeev Kannan.
Banks in India and their overseas branches are allowed to lend in Indian rupees to persons resident in Bhutan, Nepal, and Sri Lanka to facilitate cross-border trade transactions.
Inflation cools to 1.54% in September, marking lowest level since 2017; this is 7th straight month when it has stayed below RBI’s medium-term target of 4%.
After Yes Bank-SMBC deal, Dubai-based Emirates NBD Bank is looking to buy 25% stake in RBL Bank; to be followed by open offer for another 26%.
One of four MD positions in SBI will be open to private sector professionals; similarly, one ED position in PSU bank will be open to private sector and internal candidates.
Users of UPI now have option to authorise payments using fingerprints or facial recognition as alternative to PIN.
IIHL, promoter of IndusInd Bank, acquires additional 49% stake in Sterling Bank to take full ownership of Bahamas-based firm.
