RBI Asks Banks To Switch To Limited KYC To Use VID In Place Of Aadhaar
The senior bankers have condemned the recent assets of the top management of the Bank of Maharashtra for “taking bona fide decisions”.
Modi govt clears HDFC Bank's proposal to raise Rs 24,000 crore via FDI Currently, the FDI in the banks stands at 72.62 per cent.
The professional may admit a claim for an amount different from what is claimed by a claimant, he said, adding that it is, therefore, natural that some stakeholders may have differences with the professional concerned.
Industry observers say that once the guidelines were out, companies might need another three to six months to stabilise on the new platforms and start directly speaking with each other since from the beginning they had been building ‘walled…
Sebi has powers to impose a penalty but not demand the resignation of ICICI Bank CEO Chanda Kochhar if she found guilty after the ongoing probe in the Videocon loan case
Bank of India said the enhanced rates would come into effect from June 10, 2018.
Just a day after the monetary policy review committee members unanimously hiked key repo rate for the first time in over 4 years to 6.25%, banks across private and public space have begun to increase the marginal cost of funds based lending…
Modi’s IBC, RBI bad loan policy raised consciousness about ‘need to pay on time,’ SBI chief explains…
The introduction of Insolvency and Bankruptcy Code (IBC) by the Modi government, along with the newly introduced framework for stressed assets, raised consciousness among the borrowers about the ‘need to pay on time.’
The Reserve Bank of India today said they ensured cash availability to the extent of 95 per cent in Telangana for the newly launched 'Rythu Bandhu' investment support scheme for farmers.
HIGHLIGHTS As the two per cent wage hike failed to convince the bank unions, nearly 1 million bank employees have gone on strike. With month-end salary credits expected on Thursday, ATM closures could impact cash withdrawals.
Bad loans at India’s five biggest state-run banks were about 456.8 billion rupees ($6.8 billion) more than the lenders had assessed.
Jewellery worth Rs 6 crores robbed from Bank of India in Tamil Nadu.
A court-issued non-bailable warrant is already pending against Modi and the ED has also moved the Interpol to get a global arrest warrant issued against him, sometime back
Market regulatory Sebi has served a notice on ICICI Bank CEO and MD Chanda Kochhar on dealings of the bank with Videocon Group and Nupower, an entity in which her husband Deepak Kochhar has economic interests
According to data available with BSE, PNB’s market cap has fallen to Rs 20,925.15 crore, less than PNB Housing Finance’s Rs 21,322.92 crore. PNB Housing Finance's stock is currently trading around 5 percent lower than the price at which it…