Page 556 - Finance News

RBI excludes six PSBs from Second Schedule of RBI Act; cites merger

The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank

Business returning to pre-Covid-19 levels: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri on Wednesday said the lender's business is returning to pre-Covid-19 levels and full normalcy is expected to be restored soon

Dhanlaxmi Bank MD and CEO Sunil Gurbaxani voted out by shareholders

The shareholders of Kerala-based small private sector Dhanlaxmi Bank on Wednesday voted out Managing Director and CEO Sunil Gurbaxani at the annual general meeting

For bankers delayed monetary policy only adds to their long list of woes

The Reserve Bank of India's decision to reschedule this week's interest-rate meeting makes it difficult for lenders to price loans and deposits

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass?

RBI appoints its director D K Kashyap on board of Dhanlaxmi Bank for 2 yrs

The appointment is for a period of two years with effect from September 28, 2020, to September 27, 2022, or till further orders, whichever is earlier

RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank

Beleaguered bank is currently in merger talks with Clix Capital

Indian Bank unveils IB-eNote facility for paperless working environment

Public sector Indian Bank has unveiled its IB-eNote facility, aimed at providing a paperless working environment and to improve the turnaround time considerably

HC allows plea against Lakshmi Vilas, wants Sebi and RBI replies in 8 weeks

An individual shareholder filed a PIL raising serious of allegations against the bank functioning, asked Court to appoint an administrator

RBI extends enhanced borrowing limit for banks under MSF till March 31

RBI has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021

Govt failure to appoint MPC members injects more uncertainty in the economy

The Reserve Bank of India deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision

SBI to waive processing fee on YONO loans, offers 10 bps off on home loans

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans

RBI extends enhanced borrowing limit for banks under MSF till Mar 31

Under the MSF, banks can borrow overnight at their discretion by dipping into the Statutory Liquidity Ratio (SLR)

Fake currency notes worth over Rs one crore deposited in Reserve Bank

Fake currency notes worth Rs one crore have been deposited in various banks which then deposited the same in the Reserve Bank of India

Lakshmi Vilas Bank to be run by 3 independent directors' panel: RBI

The Reserve Bank of India has approved that the day-to-day affairs of Lakshmi Vilas Bank will be run by a Committee of Directors (CoD) comprising three independent directors

Left out in the cold: With no support, NBFCs likely to be in a bind

Non-banking financial companies may well face a second wave of liquidity problems after the loan moratorium is lifted, writes Raghu Mohan

Lakshmi Vilas Bank shareholders vote against reappointment of top brass

RBI approved a Committee of Directors, composed of three independent directors, who would run the day-to-day affairs of the lender

Loan recast of stressed assets comes with a higher cost: India Ratings

As per Ind-Ra's estimates, up to 7.7 per cent (Rs 8.4 trillion) of total bank credit in FY20

FinMin to provide capital support from Rs 20k cr fund to some PSBs in Q3

The fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter, sources said

Bank employees union seeks RBI intervention in Dhanlaxmi Bank affairs

The bank reported highest profit in nine decades in FY20 at Rs 65 crore