March 16, 2021 8:55 pm
Sitharaman, during the Question Hour in the Rajya Sabha, said the government has now "only indicated" the RBI to allow other private banks to perform government-related business to ensure there is a level playing field.
November 20, 2020 5:24 pm
The group has also recommended that large corporate or industrial houses may be allowed as promoters of banks only after amendments to the Banking Regulation Act and strengthening of the supervisory mechanism for conglomerates, including consolidated supervision.
April 02, 2020 2:51 pm
Most of India's private sector banks such as HDFC Bank, ICICI Bank and Kotak Mahindra Bank have decided to go for the 'opt-in' option for their customers and have asked them to inform the bank in case they wish to opt for the three-month moratorium period.
January 02, 2016 10:29 am
According to the bank-wise housing loan disbursement data for public sector banks, the home loan disbursement in the first six months of FY16 is less than half of what was disbursed in the full year in FY15.
November 20, 2015 1:18 am
The RBI would undertake a due diligence on the applicant to assess his “fit and proper” status to acquire the stake, it said.
October 17, 2014 1:30 am
On September 30, SBI had cut interest rate on medium-term deposits (one year to less than three years maturity) by 25 basis points to 8.75 per cent.
April 14, 2014 10:32 am
The firm that promotes the bank should be wholly owned by the promoter group and 50% of the directors of the NOFHC should be independent directors.
February 01, 2014 6:41 pm
The equity markets have moved with caution since the beginning of this calendar.
September 13, 2013 2:20 pm
August 28, 2013 1:56 am
The RBI said there is a case for reviewing the current Stop and Go licensing policy and consider adopting a continuous authorisation policy.
May 31, 2018 7:31 pm
The two-day strike across the nation affected banking operations, and caused inconvenience to customers given it came during the month-end.