Muthoot Finance and Axis Bank are instances of the regulator objecting to acquisitions
Bank achieves transactions worth Rs 12,500 cr, twice that in the same month last year; eyes conversion into SFB following
The Reserve Bank of India (RBI) took control of LVB on November 15 due to a 'serious deterioration' in its finances and temporarily capped withdrawals
Inflation is being driven by supply-side problems and is likely to stay elevated for a while, Mridul Saggar said
Cost of doing business, regulatory arbitrage, customer profile key parameters
The kerala-based gold loan NBFC had signed a deal to acquire IDBI Asset Management Ltd and IDBI MF Trustee Company Ltd in November 2019, for about Rs 215 cr
Recommendation on collapsing the holding company could simplify the structure and help reduce promoter stake in the banks
In a Q&A, the MD of Shriram Transpport Finance, which has an AUM of Rs 1.13 trillion, explains why his company is in no hurry to acquire a banking licence
Pointing to the upside from proposed norms, the agency said recommendation to harmonise licensing guidelines for all banks, new and old, will help restore a level playing field for all players
A central bank's influence is more measurable in terms of foreign reserves it holds and how it stacks up vis-a-vis other central banks
The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending
A vaccine developed by AstraZeneca and the University of Oxford prevented 70% of people from developing the coronavirus in late-stage trials, and more top headlines of the day
Bajaj Finserv has surged over 50 per cent in less than 15 sessions.
From the conditional nature of recommendation by RBI on ownership of private-sector banks, it doesn't appear that the regulator will soon reverse its policy of keeping conglomerates away from banking
Equitas Holdings and IDFC were locked in the 20 per cent upper circuit at Rs 63.40 and Rs 40.10, respectively on the BSE
The steps mooted by the RBI's internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term
A top Tata group official said the group is really interested in getting into banking but it is too early to elaborate as only recommendations are out and work is in nascent stage
Under Shaktikanta Das, RBI has been moving speedily on banking reforms. The most crucial question is, will any of this mean a big difference to the quality and cost of banking services for depositors?
It sends a strong signal to promoters and influential investors in the not-so-well-run banks to behave or lose their shirt
Applauding RBI's recommendation to increase the shareholding of bank's promoters in the bank, Ashok Hinduja said it rightfully puts a greater onus on the promoter-shareholders to exercise oversight