HDFC Bank on Monday said Monetary Authority of Singapore (MAS) has given an approval for merger of HDFC Investments and HDFC Holdings with parent HDFC […]
Category: BFSI
RBI harmonises provisioning norms for urban cooperative banks
The Reserve Bank on Monday harmonised the provisioning norms for standard assets applicable to all categories of urban cooperative banks (UCBs). In December last year, […]
New remittance rules put wealthy Indians in a fix
Mumbai: Affluent Indians, who have been legitimately parking a slice of their wealth outside the country for a decade, are in a catch-22 situation. These […]
DBS knew problem areas at Lakshmi Vilas Bank, cleaned up and integrated business from day 1: India CEO
In November 2020, when the Reserve Bank of India (RBI) decided to hand over the distressed Lakshmi Vilas Bank (LVB) to Singapore’s DBS Bank, it […]
Cyberattack on Insurance Information Bureau of India; data at risk
The Insurance Information Bureau of India (IIB) has faced a cyberattack and some of the data it holds may have been compromised, said two people […]
Tech layoffs didn’t impact education loan repayments in FY23: Crisil
Tech sector job losses did not have any impact on the education loan portfolios of Indian non-bank finance companies that lend to students for pursuing […]
RBI approves appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director of HDFC Bank
Mumbai: The Reserve Bank of India has approved the appointment of Mr. Kaizad Bharucha as the Deputy Managing Director of HDFC Bank and Mr Bhavesh […]
SBI looks to raise $500 million via dollar bonds
State Bank of India has sounded out international banks for a potential $500 million fundraise through a global bond issue, the timing of which has […]
Public Sector Banks plan app for e-auctioning 500k properties
State-run banks will set up an e-auction app to dispose of about 500,000 properties over the next five years. “Our target is that in the […]
RBI to recast rules on classification of fraudulent accounts
The Reserve Bank of India (RBI) is likely to come up with a new set of rules governing the declaration of fraudulent accounts, having baked […]