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India needs more banks, and RBI must wake up

While it is prudent for the banking regulator to be highly careful while awarding bank licences, the process of awarding and rejecting applications is not very transparent.

24 April 2024, 05:28 IST

India needs more banks, and RBI must wake up

India needs more banks, and RBI must wake up

India needs more banks, and RBI must wake up

24 April 2024, 05:28 IST

Fincare merges with AU Small Finance Bank

In an all-stock merger deal first announced on October 29, 2023, where the shareholders of Fincare SFB received 579 equity shares in AU SFB for every 2,000 equity shares held in Fincare SFB, the merger received final approval from RBI on March 4, 2024, with the effective date of April 1, 2024.

01 April 2024, 16:00 IST

Fincare merges with AU Small Finance Bank

Fincare merges with AU Small Finance Bank

Fincare merges with AU Small Finance Bank

01 April 2024, 16:00 IST

RBI branches, agency banks to remain open on March 30, 31

Electronic transactions can be done till the stipulated time on both the days.

23 March 2024, 00:29 IST

RBI branches, agency banks to remain open on March 30, 31

RBI branches, agency banks to remain open on March 30, 31

RBI branches, agency banks to remain open on March 30, 31

23 March 2024, 00:29 IST

Banks should pass reasoned orders while declaring entity/person wilful defaulter: Bombay HC

in its order on March 4, the bench noted that wilful defaulters are ostracized from access to the financial sector and hence, the discretion given to banks under the circular should be exercised with caution as mandated by the RBI.

21 March 2024, 09:14 IST

Banks should pass reasoned orders while declaring entity/person wilful defaulter: Bombay HC

Banks should pass reasoned orders while declaring entity/person wilful defaulter: Bombay HC

Banks should pass reasoned orders while declaring entity/person wilful defaulter: Bombay HC

21 March 2024, 09:14 IST

Bank to e-auction sugar mill controlled by BJP leader Pankaja Munde to recover dues

As per a notice published by the bank in local newspapers on Tuesday, the e-auction of the Vaidyanath Cooperative Sugar Factory would be held on January 25.

10 January 2024, 11:57 IST

Bank to e-auction sugar mill controlled by BJP leader Pankaja Munde to recover dues

Bank to e-auction sugar mill controlled by BJP leader Pankaja Munde to recover dues

Bank to e-auction sugar mill controlled by BJP leader Pankaja Munde to recover dues

10 January 2024, 11:57 IST

Banks not fully spending IT budgets: RBI Deputy Governor

High policy rates have led to rise in net interest margins of banks that have also boosted their profitability.

28 December 2023, 20:56 IST

Banks not fully spending IT budgets: RBI Deputy Governor

Banks not fully spending IT budgets: RBI Deputy Governor

Banks not fully spending IT budgets: RBI Deputy Governor

28 December 2023, 20:56 IST

RBI's repo sees strong demand, traders eye more cash infusion in 4Q

India's banking system liquidity deficit widened to the highest level in nearly eight years this week.

27 December 2023, 12:39 IST

RBI's repo sees strong demand, traders eye more cash infusion in 4Q

RBI's repo sees strong demand, traders eye more cash infusion in 4Q

RBI's repo sees strong demand, traders eye more cash infusion in 4Q

27 December 2023, 12:39 IST

RBI asks NBFCs to broad-base fundraising, reduce dependence on banks

The consolidated balance sheet of scheduled commercial banks (SCBs) in 2022-23 expanded by 12.2 per cent, driven by credit to retail and services sectors, as per the Trend and Progress of Banking in India 2022-23 report released by RBI.

27 December 2023, 12:07 IST

RBI asks NBFCs to broad-base fundraising, reduce dependence on banks

RBI asks NBFCs to broad-base fundraising, reduce dependence on banks

RBI asks NBFCs to broad-base fundraising, reduce dependence on banks

27 December 2023, 12:07 IST

Banks ask fintech partners to limit tiny personal loans amid RBI glare

Paytm plans to go slow on sub-Rs 50,000-loans, the first to announce such a move since the RBI told banks to set aside more capital to cover personal loans and lending via NBFCs on concerns that soaring demand could lead to higher risk.

07 December 2023, 14:27 IST

Banks ask fintech partners to limit tiny personal loans amid RBI glare

Banks ask fintech partners to limit tiny personal loans amid RBI glare

Banks ask fintech partners to limit tiny personal loans amid RBI glare

07 December 2023, 14:27 IST

Banks should respond diligently to police requests for information: Delhi High Court

The court's order was passed after the counsel for the Delhi Police said in a number of cases, banks do not answer queries raised by the agency for ensuring compliance of orders passed by police authorities or courts.

28 November 2023, 17:13 IST

Banks should respond diligently to police requests for information: Delhi High Court

Banks should respond diligently to police requests for information: Delhi High Court

Banks should respond diligently to police requests for information: Delhi High Court

28 November 2023, 17:13 IST