Page 452 - Finance News

RBI wants digital currency included under definition of 'bank note': FinMin

RBI is working out a phased implementation strategy for introduction of Central Bank Digital Currency with little or no disruption

Hindujas to raise stake in IndusInd Bank, raising $1.1 bn for funds: Report

RBI, last week, came up with rules that held back on an internal working group's proposal to let industrial houses own banks

Officials hope tough regulations could eventually let NBFCs into banking

RBI accepted 21 of 33 recommendations of internal working group, the key being allowing promoters to hold 26% in the bank they floated. RBI did not mention corporate and NBFC issues in its guidelines

Draft amalgamation scheme insensitive and a cruel joke: PMC depositors

PMC assets sufficient to meet liabilities of all retail depositors, says Depositors Association

RBI imposes monetary penalty of Rs 1 crore on State Bank of India

The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India

Bank of Baroda raises Rs 1,997 cr via Basel III-compliant bonds

State-owned Bank of Baroda on Friday said it has raised Rs 1,997 crore by issuing Basel III-compliant bonds.

RBI fines SBI Rs 1 crore for holding excess shares in borrower companies

SBI allegedly violated the 30% cap on holdings imposed under the Banking Regulation Act

RBI keeps on hold suggestion to give bank licence to big businesses

The RBI has so far issued eight bank licensing guidelines to harmonise the rules and regulations

RBI stance signals easier framework for setting up banks, say experts

The RBI is yet to clearly spell out its position on conversion of non-banking finance companies into banks

Offtake in Metropolitan region lifts credit growth in H1FY22: RBI

YoY credit growth of the Metropolitan region, which accounts for over 60% of bank credit, rose from 1.7% this March to 4.6% in September

Former RBI executive director Lily Vadera joins HDFC Bank board

Vadera has 33 years of experience in central banking. She retired as Executive Director from the Reserve Bank of India in October 2020

Very encouraging that RBI accepted 21 recommendations out of 33: IWG member

RBI internal group member hopes that banking licence for corporates would come in future

RBI panel for higher cap on promoter stake in pvt banks at 26% after 15 yrs

According to the RBI's current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years

RBI releases recommendations of IWG on ownership guidelines for pvt banks

RBI says 21 of total 33 recommendations of the Internal Working Group have been accepted

Standard Chartered's NBFC arm ramps up retail book fast

The bank has 100 branches in the country, but is obliged to open roughly 40% of its branches in rural areas. An NBFC has no such obligation as of now

What is the difference between FDI and FPI?

Most of us must have heard about FDIs and FPIs, and know that they refer to investments from foreign countries. But what exactly are they? We find out in this report

Strict norms to push NBFCs bad loans by 1.6-1.8% by March 2022: Icra

An increase of up to 80 basis points is expected in the case of housing finance companies, taking the NPA level to 3.8%

Wilful defaults Rs 62,000 crore higher than before Covid pandemic

Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June

SBI, Axis, Canara likely to raise Rs 7,500 crore via AT I bonds before 2022

The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore

Sahakar Bharati may seek tweaks in PMC Bank's draft merger scheme

Five-year interest holiday and final settlement at end of 10 years unfair to depositors