The government and the banking sector regulator are looking into operative accounts with significant balances that have not updated their know your customer (KYC) details. […]
Tag: rbi
Indian banks unlikely to go SVB, Credit Suisse way as they can swim good in troubled waters
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 […]
MAS clears merger of HDFC Investments with HDFC Bank
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 […]
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 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 […]
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 […]