The maximum tenure of CEO and MD of public sector banks has been increased to 10 years, a move that will help the government retain […]
Tag: rbi
RBI puts onus on EU banks to resolve stalemate with ESMA
Reserve Bank of India (RBI) has put the onus on European Union banks to resolve the stalemate caused by the European Securities & Markets Authority’s […]
Nine Russian banks open special vostro accounts for trade in rupee
As many as nine special vostro accounts have been opened with two Indian banks after permission from the Reserve Bank of India to facilitate overseas […]
Most states agree to adopt RBI’s fin literacy programme for schools: Official
An executive said on Monday that the RBI, along with other regulators, has developed a financial literacy programme for school education boards, and that all states, with the exception […]
RBI imposes penalties on nine cooperative banks for violating compliances
The Reserve Bank of India has imposed monetary penalties on nine cooperative banks on account of various contraventions or non compliances of laid down guidelines. […]
RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability
RBI Governor Shaktikant Das will meet the heads of public sector banks on November 16 to discuss the issue of sustainability of credit growth in […]
Prima facie termination of Kochhar as ICICI CEO valid, says HC; won’t get post retirement benefits
The Bombay High Court on Thursday said the termination of Chanda Kochhar from the post of CEO of ICICI Bank was prima facie “valid” and […]
Banks to tap intelligence agencies before loans to ex-defaulters
Banks will now tap intelligence agencies for their inputs at various stages of a loan cycle in the case of borrowers who have defaulted in […]
Indian financial regulators may rebuff Europe demands: Sources
Indian financial market regulators are unlikely to provide their European counterpart supervisory and auditing powers over domestic clearing corporations and expect them to extend an […]
Central bank digital currency could end RBI-ESMA row
The deadlock between the Reserve Bank of India (RBI) and the European Securities and Market Authority (ESMA) over the inspection of Indian financing clearing houses […]