RBI slaps penalty on Canara Bank, Bank of India and Jammu and Kashmir Bank for deficiencies in regulatory compliance.
Kotak Mahindra Bank completes acquisition of Rs 3,300 crore personal loan book of Standard Chartered Bank following regulatory approvals.
IDFC First Bank launches UPI-enabled RuPay credit card; backed by fixed deposit, it is designed for first time credit card users.
RBI sets up new standing external advisory committee to evaluate applications for universal banks and small finance banks.
RBI’s fund injection via two auctions comes a day after banking system liquidity gap breaches Rs 2 lakh crore threshold.
Govt also looks to dilute its shareholding in these 5 banks through offer for sale; aim is to adhere to regulatory norm of maintaining public shareholding at minimum of 25%.
With Michael Debabrata Patra’s extended term as RBI deputy governor coming to an end, the central bank has reshuffled portfolios of its deputy governors.
RBI’s first daily variable rate repo auction to begin on 16 Jan for an amount of Rs 50,000 crore.
RBI Governor Sanjay Malhotra will consider this data point while deciding on possibility of interest-rate cut in monetary policy next month.
Pulled down by a stronger US dollar and rise in crude oil prices, rupee ends session 58 paise down to be at its historic low of 86.62.
RBI said borrowers should have different options available to them with regard to EMI-based personal loans; this includes switching to fixed interest rate for remaining portion of the loan.
Indian Overseas Bank is selling 46 NPA accounts worth Rs 11,500 crore; invites expressions of interest from ARCs.
Financial Services Institutions Bureau recommends Asheesh Pandey and Kalyan Kumar for the post of MD and CEO of Union Bank of India and Central Bank of India, respectively.
The six steps suggested by industry body CII include reduction in excise duty on fuel, cutting personal income tax rates for individuals and increasing daily wages under MGNREGS.
RBI asks NPCI to develop facility to allow customers using RTGS and NEFT to verify name of bank account to which money is being transferred before initiating the transaction; this is to avoid mistakes and prevent frauds.
