PFC extended 3 crores support for construction of Dr. KB Hegdewar School..
New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..
New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..
New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..
New Delhi:GAIL honored with Golden Peacock Award..
New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..
New Delhi: Capex utilisation in DFCCIL increased 21%-Railway Minister reviewed the progress..
New Delhi: ISA announced Dr Ajay Mathur as its new Director-General..
New Delhi: Shri Somnath Nandi assumed charge as Director - Technical, NMDC..
New Delhi: BALCO CEO Shri Abhijit Pati recognised amongst most promising Business Leader of Asia 20-21..
New Delhi: As announced in the Governor’s statement of May 05, 2021, the Reserve Bank will conduct the second tranche of open market purchase of government securities of Rs 35,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on May 20, 2021.
Accordin
Posted Date : 14-05-21
New Delhi: The Reserve Bank of India on Thursday said it has cancelled the licence of United Co-operative Bank Ltd, Bagnan, West Bengal, as it does not have adequate capital and earning prospects.
Consequently, the bank ceases to carry on banking business, with effect from the close of
Posted Date : 14-05-21
New Delhi: The Reserve Bank of India has appointed Shri Jose J. Kattoor as Executive Director (ED) with effect from May 04, 2021.Prior to being promoted as ED, Shri Jose J. Kattoor was heading Bengaluru Regional Office of the Reserve Bank as Regional Director for Karnataka.Shri Kattoor has, over a s
Posted Date : 13-05-21
New Delhi: India's central bank is informally urging lenders to cut ties with cryptocurrency exchanges and traders as the highly speculative market booms, despite a Supreme Court ruling that banks can work with the industry, three sources told Reuters
The guidance comes as
Posted Date : 13-05-21
New Delhi: The Government has announced the sale (issue/re-issue) of three dated securities amounting to Rs 26,000cr. Further, the Centre also has the option to retain additional subscription up to Rs 6,000cr against the three dated security or securities.The auctions will be conducted by the Reserv
Posted Date : 13-05-21
New Delhi: Punjab National Bank (PNB), one of the biggest public sector bank, may have to end up providing Rs 500 crore in fiscal 2021 towards the erosion of its investment in Kazakhstan’s JSC Tengri Bank, people aware of the matter said. The provision will be more than a quarter of the consolidat
Posted Date : 13-05-21
New Delhi: Padmakumar M Nair of State Bank of India (SBI) will be the chief executive of National Asset Reconstruction Company (NARCL), a proposed entity for taking over bad loans of lenders, predominantly public sector banks. NARC, also called a 'bad' bank, is expected to be operational in June 202
Posted Date : 12-05-21
New Delhi: The Reserve Bank of India (RBI) has appointed Shri Jose J. Kattoor as Executive Director (ED) with effect from May 04, 2021.
Prior to being promoted as ED, Shri Jose J. Kattoor was heading Bengaluru Regional Office of the Reserve Bank as Regional Director for Karnataka.
Shri Ka
Posted Date : 11-05-21
New Delhi: The Regulations Review Authority of the Reserve Bank of India (RBI) has constituted an advisory group to support it.
The group will assist the RRA by identifying areas, regulations, guidelines and returns which can be rationalised and submit reports periodically to the RRA co
Posted Date : 08-05-21
New Delhi: Reserve Bank's Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20 percent as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday.
The window to banks under priority-sector lending to augment COVID-19 health
Posted Date : 07-05-21
New Delhi: India's Largest public bank State Bank of India (SBI) and European Investment Bank make joints commitments of up to EUR 45mn to Neev Fund II to champion sustainable solutions in climate change, environment, and socially conscious sectors.
SBI said, "We are
Posted Date : 07-05-21
New Delhi: State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, State Bank of India Managing Director Swaminathan J said on Thursday.
If all lenders come on board, the National
Posted Date : 07-05-21
New Delhi: State Bank of India's various digital services will be affected on Friday evening due to the scheduled up-gradation of the lender's digital banking platforms.
Last month, the bank's digital banking platforms, including Yono, Yono lite, internet banking, Unified Pa
Posted Date : 06-05-21
New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd. The extent of respective shareholding to be divested by GoI and LIC shall be
Posted Date : 05-05-21
New Delhi: An American multinational investment bank and financial services corporation Citibank on Wednesday committed an additional Rs 200 crore to support COVID-19 relief measures in India. The Rs 200 crore amount will be spent over the next three financial years, and a sum of Rs 75 crore will be
Posted Date : 05-05-21
New Delhi: RBI Governor in his latest Statement dated May 5, 2021, that RBI has eased the terms governing availment of the overdraft facility extended to State Governments/UTs, to enable them to better manage their fiscal situation in terms of their cash-flows and market borrowings.
Posted Date : 05-05-21
New Delhi: Shri Shaktikanta Das, Governor of Reserve Bank of India has recently stated a statement on the Current Economic Situation and the initiative of taking it forward by RBI for enhancing customer convenience, certain components of KYC norms are being rationalised.
Governor said Today, In
Posted Date : 05-05-21
New Delhi: The country's largest lender SBI on Monday announced allocating Rs 71 crore towards the fight against COVID-19, a part of which will be used to set up a makeshift 1,000-bed hospital for the treatment of patients in some of the worst-affected states.
State Bank of India (SBI) has
Posted Date : 04-05-21
New Delhi: Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI) held a meeting with the MD/CEOs of select NBFC-MFIs on Monday, May 3, 2021, through video conference. The meeting was attended by Deputy Governors Shri M. K. Jain, Dr. M.D. Patra and a few other senior officials of RBI.
Posted Date : 04-05-21
New Delhi: The Reserve Bank of India has imposed a penalty of Rs 3 crore on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday.
The RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for "contravention of certain directions issued by
Posted Date : 04-05-21
New Delhi: Airtel Payments Bank on Monday has announced its customers will get an increased interest rate of 6 percent per annum on savings account deposits of over Rs 1 lakh. The company mentioned, following this Airtel Payments Bank is becoming the first payments bank to implement an enhanced day-
Posted Date : 03-05-21
New Delhi: LIC-controlled IDBI Bank turned profitable in the fiscal ended in March 2021 after five years, posting a net profit of Rs 1,359 crore for the year.
In 2019-20, the lender had posted a net loss of Rs 12,887 crore. IDBI Bank is back in black after five years, said the lender.
Posted Date : 03-05-21
New Delhi: The Board of Directors of IDFC First Bank Limited approved the appointment of Mr. S Ganesh Kumar as an Additional (Non-Executive Independent) Director on the Board of the Bank, for a period of 5 years with effect from April 30, 2021.
Mr. S Ganesh Kumar was the Executive Direc
Posted Date : 01-05-21
Mumbai: DCB Bank Limited, a new generation private sector bank announced that it has acquired an equity stake in two companies based at Gift City IFSC at Gandhinagar.
The Bank has invested a sum of Rs. 5 Crore representing approximately 2.89% of the post-paid up capital of India International Exc
Posted Date : 30-04-21
New Delhi: As part of the CSR initiative, the country's largest lender State Bank of India has decided to set up makeshift hospitals with ICU facilities for COVID-19 patients in some of the worst affected states.
The bank has already earmarked Rs 30 crores and is engaging with
Posted Date : 30-04-21
New Delhi: Shri Shaktikanta Das, Governor of Reserve Bank of India, chaired the meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held on Thursday, April 29, 2021, in virtual format.
The Sub-Committee undertook an extensive review of the ma
Posted Date : 30-04-21
New Delhi: ICICI Bank on Thursday launched a digital and contactless banking platform for merchants.
The service, christened 'merchant stack', is targeted at the over 2 crore retail merchants in the country to render banking services digitally, the second largest private sector
Posted Date : 30-04-21
New Delhi: The Reserve Bank of India (RBI) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April 23, 2021.
Launched at the Paris One Planet Summit on December 12, 2017, the NGFS is a group of central banks and supervisors will
Posted Date : 29-04-21
Chennai: Indian Overseas Bank has announced the launch of Retail Loans (home loan, personal loan & clean loan) on the digital platform. The launch was presided by Mr. Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank in the presence of Executive Directors Mr. A. K. Srivas
Posted Date : 29-04-21
New Delhi: The Finance Industry Development Council (FIDC) has written to the Reserve Bank seeking restructuring of stressed retail and individual borrowers of non-banking finance companies, irrespective of whether these loans have been restructured earlier.
In a letter written to the R
Posted Date : 28-04-21
New Delhi: HSBC Holdings PLC reported better-than-expected quarterly profit and released $400 million it had set aside to cover pandemic-induced bad loans, as successful vaccine rollouts in the United States and Britain prompted a brighter economic outlook.
HSBC (HSBA.L) cautioned, howe
Posted Date : 27-04-21
New Delhi: The Reserve Bank of India on Tuesday issued guidelines for the appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies. 'Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of Comme
Posted Date : 27-04-21
New Delhi: The Central Government has nominated Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India vice Shri Tarun Bajaj.
The nomination of Shri Ajay Seth is effective from April
Posted Date : 26-04-21
New Delhi: In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and conserve capital as a bulwark against unexpected losses. Therefore, while allowing banks to pay dividends on equity share
Posted Date : 23-04-21
New Delhi: Private sector lender HDFC Bank on Friday said the Reserve Bank has approved the appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank.
"The Reserve Bank of India (RBI) vide its communication dated April 22, 2021, has ap
Posted Date : 23-04-21
New Delhi: State-owned Jammu & Kashmir Bank on Wednesday said non-executive non-independent director Rigzian Sampheal has resigned from its board. "We wish to intimate that Rigzian Sampheal, IAS, the non-executive non-independent director has resigned from the board of directors of the bank
Posted Date : 22-04-21
Chennai: 22nd April 2021, Bengaluru-based Neobank for salaried millennials Fi has announced its launch today. Fi was established with a strong purpose to help people get better with money and to create an intelligent bank layer that helps millennials understand their money, save more and spend intel
Posted Date : 22-04-21
Chennai: Indian Overseas Bank (IOB), as part of its growth strategy, intends to transform its banking services into a DIGITALIZED FORM with an aim to increase its DIGITAL SHARE in the market. Towards achieving this goal, the Bank hasappointedM/s. Ernst & Young is a DIGITAL CONSULTANT.
&
Posted Date : 22-04-21
New Delhi: State Bank of India has recently issued a notice on the fraud that has been attempting by unknown persons to the general public by offering loans from non-existing entities in the name and style of SBI Loan Finance Ltd. or any such entities.
It is also mentioned by the State
Posted Date : 21-04-21
New Delhi: India’s second-largest private lender ICICI Bank Ltd. is making its biggest hiring push in investment banking and institutional equities in four years, as it anticipates a rise in companies going public.
The Mumbai-based firm plans to add five mid-to-senior level hires in each
Posted Date : 20-04-21
New Delhi: SBI has put up for sale non-performing asset (NPA) account MSP Metallics Ltd against which a total of 10 banks have a collective loan outstanding of over Rs 1,493 crore. State Bank of India (SBI) has the highest share of lending (37.19 percent) to MSP Metallics amounting to Rs 555.51 cror
Posted Date : 17-04-21
New Delhi: India's largest bank, State Bank of India gave clarification to their customers regarding charges collected from account holders on digital transactions in Basic Savings Bank Deposit (BSBD) accounts beyond 4 free transactions.
SBI mentioned, “Reserve Bank
Posted Date : 16-04-21
New Delhi: The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. As on date, applications for Universal Banks and Small Finance Banks, under the aforementioned guidelines, have been receive
Posted Date : 15-04-21
New Delhi: The Reserve Bank of India had set up a Regulations Review Authority (RRA) initially for a period of one year from April 1, 1999, for reviewing the regulations, circulars, reporting systems, based on the feedback from the public, banks, and financial institutions. The recommendations of th
Posted Date : 15-04-21
New Delhi: A security guard working at Axis Bank branch in Sector 34A of Chandigarh allegedly ran away with Rs 4.04 crores in cash, the police said on Sunday.
"The bank has informed at about 5.30 pm that cash Rs 4.04 crores are missing from the branch and they have full doubt
Posted Date : 13-04-21
New Delhi: Even as its competitors have hiked rates on their home loans lately, Kotak Mahindra Bank on Monday announced its decisions to continue with its rate structure starting at 6.65 percent. "The product is aimed to grow our market share...we are a challenger in the market," its presi
Posted Date : 12-04-21
New Delhi: Reserve Bank of India on 12 April issues a notice to mention that due to a technical upgrade of RTGS, the services related to it will be closed on April 18, 2021.
The up-gradation is targeted to enhance the resilience and to further improve the Disaster Recovery Time of the R
Posted Date : 12-04-21
New Delhi: Shri ShaktiKanta Das, Governor of Reserve Bank of India (RBI) held meetings with the MD/CEOs of Public Sector Banks and select Private Sector Banks on April 12, 2021, through video conference. The meetings were attended by Deputy Governors Shri M. K. Jain, Shri M. Rajeswar Rao,
Posted Date : 12-04-21
Chennai: IDFC FIRST Bank announced the signing of a Memorandum of Understanding (MoU) with Assam Rifles to offer Honour FIRST, a premium banking solution, to serving personnel and veterans of Assam Rifles.
The MoU for Honour FIRST was signed at the Assam Rifles headquarters in Sh
Posted Date : 12-04-21
New Delhi: The banks in India will remain closed from April 13 to April 16, 2021. However, according to the list given on the RBI's website, there are some holidays that are effective only at the local state level.
According to the RBI holiday calendar:
On April 13: Gudhi Padw
Posted Date : 12-04-21
New Delhi: MECON partners with Hindustan Zinc HZL (Vedanta Limited) for setting up a 300 KTPA GreenField Zinc Smelter Complex at Doswada, Gujarat. MECON is providing EPCM service to this prestigious p ...
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