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Wednesday, May 25, 2022

private banks


Permission for new pvt banks to participate in govt business will be based on RBI guidelines: FM Sitharaman

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.

RBI panel proposes to raise promoters cap to 26% in private banks

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.

RBI loan moratorium: List of banks offering 'opt-in' and 'opt-out'

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.

Trend reversal: Housing loan disbursement by state-owned banks slows down

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.

RBI nod must for buying 5% or more stake in private banks

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.

Axis Bank cuts lending rate by 0.1%

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.

RBI not to allow promoters to become CEOs of private banks

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.

‘Private banks are expected to do well, but we are cautious on public banks’

February 01, 2014 6:41 pm

The equity markets have moved with caution since the beginning of this calendar.

RBI proposes diluting govt stake in PSBs

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.


Two-day bank strike: As services are hit across India, unions call it 'total success'

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.