Money & Banking

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RBI approves re-appointment of Sandeep Bakhshi as MD and CEO of ICICI Bank

Move effective from October 15, 2021 till October 3, 2023

Shaktikanta Das interview Policy action for recovery has to be carefully calibrated: RBI chief

Policy action for recovery has to be carefully calibrated: RBI chief

Ever since the pandemic began, we have endeavoured to nurture and revive the process of growth: Shaktikanta Das

‘ICICI Pru Life witnessing renewed interest in ULIPs on back of buoyant equity markets’

Also seeing increased demand for annuity products, says Chief Distribution Officer Palta

FM-PSB CEOs meet FM to meet CEOs of public sector banks on Wednesday

FM to meet CEOs of public sector banks on Wednesday

Meeting is expected to take stock of the banking sector and its progress on the restructuring 2.0 scheme announced by the RBI

BharatPe launches ‘12% Club’ app, eyes $50 mn lending AUM

The fintech company has partnered with RBI-approved NBFCs to offer this investment-cum-borrowing product for consumers

HC directs Kotak Mahindra Bank to ensure at least ₹1.80 crore balance in Afghan Embassy accounts

To cover an arbitral award in favour of a local construction company

Canara Bank allots over 16.73 cr shares in ₹2,500 cr QIP

Paid-up equity share capital increases to ₹1,814.13 crore

Centrum Financial Services to set up SFB to take over PMC

RBI had accorded ‘in-principle’ nod to CFSL in June to set up the bank

Co-op banks' merger RBI panel pushes for merger of weaker Urban Co-operative Banks

RBI panel pushes for merger of weaker Urban Co-operative Banks

All-inclusive directions should be treated on a par with moratorium under Section 45 of the Banking Regulation, it says

RBI wants NAFCUB to expedite setting up of umbrella organisation to support urban co-operative banks

The National Federation of Urban Co-operative Banks and Credit Societies Ltd (NAFCUB) should expedite the process of setting up the Umbrella ...

HDFC Bank credit card HDFC Bank looks to regain credit card market share in 3-4 quarters

Lender plans to issue 3 lakh credit cards per month

Negative MPC statements 83% of RBI’s MPC statements had net negative sentiment : Study

Negative sentiment had dominated the statements of RBI’s Monetary Policy Committee (MPC) since its first meeting in October 2016 to the latest one in ...

Honda Cars ties up with Canara Bank to offer finance options to customers

Focuses on semi-urban to rural regions

Consumer lending platform EarlySalary crosses ₹4,000 crore of disbursals

EarlySalary is also betting big on the Buy Now Pay Later Segment and expects it to fuel about 35 per cent of its business by March

City Co-op to emulate PMC City Co-op Bank wants to emulate PMC Bank for reconstruction

Floats EoI to identify a suitable investor willing to take over management control.

Paytm-HDFC Bank tie-up Paytm and HDFC Bank enter into strategic partnership

To launch products across digital payments, lending and POS solutions besides driving financial inclusion

Institutions need separate deposit insurance cover: Sahakar Bharati

Wants DICGC scheme to be modified

Karnataka Bank plans to raise Rs 6,000 crore via debt

The equity shares are to be offered in one or more tranches

MPC minutes MPC Minutes: ‘Not for extended accommodative stance’

MPC member Varma says that possibility of Covid-19 haunting us for next 3-5 years can’t be ruled out

FEMA changes Govt notifies changes to FEMA

To ensure that private banks having insurance JV do not breach 74% FDI cap

Religare Finvest: Lenders likely to give the final approval for debt restructuring soon

Two rating agencies give ‘investment grade’ rating

Ujjivan OSD Ujjivan SFB board to meet on Aug 25 to appoint OSD

‘Lender to focus on smooth transition, in consultation with Reserve Bank’

UPI in UAE Mashreq Bank, NPCI International partner to offer UPI in the UAE

To help Indian travellers pay seamlessly using UPI-based applications across merchandise.

CRED Mint CRED launches new peer-to-peer lending feature, CRED Mint

Meant to help enable India’s most creditworthy individuals to be rewarded for responsible financial behaviour

AGS Transact Technologies plans IPO of up to ₹800 crore through OFS

The selling shareholders collectively hold 55.33 per cent of the pre-offer share capital of the company

Government notifies law to shed holding in public sector general insurance company

The new law will facilitate in bringing down the government equity to below 51 per cent

Indian Bank head Shanti Lal Jain appointed MD and CEO of Indian Bank

Jain is currently Executive Director (ED), Bank of Baroda

Ujjivan SFB: Working on smooth transition in consultation with RBI

Bank recently witnessed several challenges on the business front, coupled with several resignations, both at the board level and senior management

PhonePe acquisition PhonePe to use $50 million Tencent funding for overseas acquisition

Tencent acquired a minority stake in PhonePe as part of the company’s $700 million funding round announced in December 2020

Lalit Kumar Chandel appointed government nominee director on Bank of Maharashtra board

The Centre has appointed Lalit Kumar Chandel as its nominee Director on the board of Bank of Maharashtra (BoM) with effect from August 18, 2021.BoM, ...