The bank failures in the world’s largest economy and in Europe following the pandemic and war-induced tightening cycle posed a lot to brood over for […]
Tag: banks
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 […]
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 meets foreign banks over ESMA tussle
The Reserve Bank of India (RBI) has asked select foreign banks to approach their respective regulators and draft letters requesting that European bodies drop requirements […]
RBI allows AU Small Finance Bank, Equitas Bank to deal with foreign exchange
AU Small Finance Bank on Wednesday said it has received permission from Reserve Bank of India to deal in foreign exchange. Reserve Bank of India […]
Income Tax investigation against insurers widens to banks
The income tax (I-T) department last week sent notices to two large private banks in its ongoing probe into alleged malpractices involving commission payments by […]
PSU banks list assets for sale to NARCL after finance ministry nudge
The government-promoted asset reconstruction company will evaluate accounts of about 300 distressed companies with cumulative loans of Rs 3lakh crore for acquisition this fiscal year, […]