The divestment process of IDBI Bank will complete in the fiscal year 2023-24, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey […]
Category: BFSI
IL&FS pays Canara Bank, others Rs 1,300 crore
Lenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what […]
RBI may hike rates in 2023, but bank deposit rates have peaked, say experts
Bank deposit rates may be close to their peaks, with possibilities of further increases likely limited only to select tenures, even as the central bank […]
Indian Bank to hold vostro A/cs of 3 Sri Lankan banks
Indian Bank, which has had a long presence in Sri Lanka, has received the regulatory go ahead to hold special rupee vostro accounts of three […]
NCLAT lets RP Act on Nirmal Lifestyle arm case
The National Company Law Appellate Tribunal (NCLAT) has allowed the resolution professional to form a committee of creditors (CoC) of Nirmal Lifestyle (Kalyan) and proceed […]
Torrent bids ₹8,640 cr upfront for Reliance Capital
Torrent Investments on Friday proposed to pay its entire bid of ₹8,640 crore upfront for acquiring Anil Ambani-promoted Reliance Capital, doubling its immediate payment offer […]
Reserve Bank of India puts on hold NUE licensing
The Reserve Bank of India (RBI) is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned […]
Indian small finance banks cheer easing bad loan ratio
Ujjivan Small Finance Bank said its gross non-performing assets ratio stood at 3.3% at the end of December 2022 as against 9.8% a year back. […]
Fresh KYC process can be done through video, says RBI
The Reserve Bank of India has released fresh guidelines for the know your customer (KYC) processes that allow for them to completed remotely. “Fresh KYC […]
RBI lifts restrictions imposed on Mahindra Finance
Restrictions imposed on Mahindra Finance have been lifted. On September22, 2022 , the Reserve Bank of India had directed Mahindra & Mahindra Financial Services to […]