Page 507 - Finance News

Need new well-capitalised asset-reconstruction companies, says RBI study

Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and the security receipts issued

RBI caps bank CEO tenure at 15 years, policy to be effective Oct 1

For promoter CEO the limit is 12 years, says RBI as part of its latest guidelines

RBI turns net seller of US dollars in February, sells $1.219 billion

The Reserve Bank turned net seller of the US dollar in February 2021, offloading $1.219 billion in the spot market, RBI data showed on Monday

'Not more than 15 years': RBI's new guidelines for tenure of bank MDs, CEOs

The circular will not be applicable to foreign banks operating as branches in India

RBI to conduct customer satisfaction survey on impact of bank mergers

This is to find out the impact of the recent mergers of state-owned banks on banking services being availed by individuals.

How falling prices may impact the quality of gold loans for banks

Since June 2020, gold-loans surged even as lending to other segments was affected by asset-quality concerns

In the digital cross-hair: CTOs will have to be all-rounder for banks

Banks will have to do far more to meld technology with their business, with CTOs playing a pivotal role

Nature of risk undergoing a radical change: Panelists at BS webinar

With this, chief risk officers say their roles will change dramatically too

RBI bars American Express, Diners Club from onboarding new customers

The central bank said the card companies did not adhere to guidelines on local data storage

De-risking risk business: Ensure absorbers before shock, says Vishwanathan

In his keynote address at Business Standard's webinar series, Former deputy governor says good capital buffers are a must

RBI nod for Atanu Chakraborty as part-time chairman of HDFC Bank

The meeting of the board of directors will be convened in due course to appoint Chakraborty as chairman and ad­di­tional director

ICICI gains at HDFC Bank's expense, issues 665,000 incremental credit cards

The RBI directed HDFC Bank to halt all its digital launches as well as new sourcing of credit card customers

Why Citigroup and other foreign banks missed the India growth story

Regulatory framework also stifled Citi's growth in India despite its conscious efforts to make inroads in the country

RBI directs banks to halve dividend payouts amid 2nd Covid wave

This is a bid to conserve capital and stay resilient.

Banks must halve their dividends to conserve capital in view of Covid: RBI

Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks

RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman

Private sector lender HDFC Bank on Friday said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank

SC refuses to stay Telangana HC order on RBI's fraud classification

However, it allowed the parties to file replies and rejoinders and listed the matter on July 13

Covid: Bank branches to reduce business hours, offer basic services

In the wake of surge in coronavirus cases across the country, Indian Banks' Association mandates 50% attendance for banks, business hours to be reduced to 10 am-2 pm

Fitch affirms India's rating at 'BBB-'; outlook negative due to Covid surge

A resurgence in Covid-19 in the country has increased downside risks to growth

After Citigroup, South Africa's FirstRand Bank to exit India after 12 years

First Rand India is a licensed financial services provider in India and operates as a "branch" of FirstRand Bank South Africa.