Asia’s richest banker Uday Kotak Monday pointed to Credit Suisse’s garage-sale valuations – a $3-billion takeover of a $600-billion balance sheet – to warn his […]
Tag: rbi
Bank of Baroda Increases Interest Rates on Retail Term Deposits
Bank of Baroda (Bank), one of India’s leading public sector banks, announced an increase in interest rates on Domestic Retail Term Deposits, including NRO and […]
Banks set to pilot dollar clearing and settlement at IFSC
Banks in India are about to take the first step to explore clearing and settlement of dollars in the country. Over the next few months, […]
Bank crisis abroad won’t hit India’s macro stability: DEA Secy Ajay Seth
The collapse of two American lenders and the crisis at Credit Suisse are unlikely to impact India’s banking system or its broader macroeconomic stability, said […]
HDFC-HDFC Bank merger gets NCLT approval
The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. The merger between the two entities has received in-principle […]
US banking crisis shows importance of robust regulators, risks of cryptocurrencies: RBI guv Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das said today that the ongoing banking crisis in the United States has once again underlined the importance […]
DIPAM rubbishes media reports of IDBI Bank disinvestment deferment
The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred and said that the transaction […]
RBI imposes Rs 5 lakh penalty on HDFC
The Reserve Bank of India on Friday said it has imposed a penalty of Rs 5 lakh on Housing Development Finance Corporation Limited (HDFC) for […]
RBI keeps close watch on Credit Suisse crisis
The Reserve Bank of India (RBI) is monitoring developments related to Credit Suisse, though the Swiss lender’s limited size and scope in the country means […]
State-run banks told to draw up 3-year road map
The finance ministry has asked all state-run banks to draw up a strategic road map for three years starting fiscal 2024, government officials said. In […]