RBL Bank shares were trading at 281.30 rupees by 0431 GMT, compared with the IPO price of 225 rupees. The stock hit a high of 282.40 rupees.
A Royal Commission could be a major headache for the "Big Four" - Commonwealth Bank of Australia, Westpac Banking Corp, ANZ Banking Group and National Australia Bank.
"Indian banks got into stress before implementation of Basel III and revised IFRS which provide protection against system level stresses...so we have to find more capital for supporting banks today," said N S Vishwanathan.
The RBI said that this reflects banks’ preference to protect profitability in the wake of deteriorating asset quality and higher provisioning.
The bank transferred an overall surplus of Rs 65,876 crore during the year as against Rs 65,896 crore in 2014-15, representing a marginal decline of 0.03 per cent.
Keen to close wage negotiations in public sector banks by November 1, 2017, the FinMin has asked the lenders to present status report on salary hike talks with their employee unions.
It will examine setting up of a Centralised KYC (know-your-customer) registry.
Rajan said while the RBI has been cautious in reforming during the recent period of global market turmoil, it has not stood still.
These are the first comments by Rajan since Patel's was named last Saturday by the government, a decision welcomed as ensuring continuity in the central bank's policies.
As Urjit Patel takes over as RBI governor next month, market players and economists who have met him expect Patel to instil the same arm's length approach and unified communication to the institution as a whole.
The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs every year in August starting 2015.
Resident and non-resident individuals can hedge currency risks in markets up to a limit of $30 million at any given time.
While the immediate and overriding priority is to complete the clean-up of public sector banks’ balance sheets which is underway, simultaneously, process has to continue to bestow greater “governance autonomy” to these banks, Mundra said.
SBT was virtually bulldozed into the merger plan without following the due process, claimed an official.
She did not specify if it would be at one go or over a period of time.
Shares of SBI were trading 0.08 per cent higher at Rs 254.80 per scrip on the BSE.
The government on August 20 appointed Patel as the 24th head of the Reserve Bank of India. He will replace Raghuram Rajan who demits office on September 4.
The Securities and Exchange Board of India cooperates and facilitates exchange of information with its counterparts in other jurisdictions for the purpose of regulatory enforcement.
On August 18, the bank raised Rs 363.89 crore by allotting 1.61 crore shares to 25 anchor investors at a price of Rs 225 apiece.
The anchor investors include FIL Investments Mauritius Ltd, Government Pension Fund Global, Goldman Sachs India Fund, Auburn Ltd and HSBC Global Investment Funds - Indian Equity.
Othee than discussing the first quarter performances of the PSU Banks, Finance Minister Jaitley will also review the credit growth and the bad loans situation.
Unlike Rajan, who took over mid-crisis, the incoming governor will inherit an economy in decent shape, but faces three immediate challenges.
Governor Rajan had called for the move to give more decision-making powers to the banks’ boards.
Recovery proceedings were completed in 80 cases last fiscal and all of them were non-CIS cases, as against 121 in the previous year.
Opening an ATM is much more viable than opening a bank branch. Besides, it will provide round the clock services, while a branch would function only during office hours.
Deputy RBI Governor Urjit Patel will take over as the central bank's new head come September, ending months of speculation about Raghuram Rajan's successor. Here are his views on key economic issues.
A 'Vishing' call involves a fraudulent caller posing as an employee from a financial institution/bank/credit card firm, asking for credit card/bank account as well as certain other personal details.
Urjit Patel, who is currently serving as the Deputy RBI chief, will succeed Raghuram Rajan as the RBI chair once he steps down on September 3 after his term comes to an end.
Patel's fellow Deputy Governor S S Mundra said, describing him as "a man of clear opinion who may bring some changes".
The mergers of SBI associate banks will dwarf ICICI Bank assets to just one-fourth of SBI and will also catapult the bank into the top 50 banks globally.
"There is no express provision in the Sebi (Debenture Trustee) regulations to regulate the activities of security trustee, share trustee or escrow trustee," Sebi said.
Subramanian Swamy was quoting from an IMF report which read that inflation is a highly persistent process in India.
Department calls other banks' officials to join postal payments bank on deputation.
The bank later announced that the board has also approved separate schemes of acquisition of State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) with SBI.
Bad loans of PSBs rose from Rs 2,85,748 crore last year to Rs 5,71,443 crore by June 2016.
Officials have suggested that Rajan's replacement would be named to give enough time for an orderly leadership handover at the Mumbai-based central bank.