Union leaders also expressed fears on lateral recruitment and creation of an additional post of deputy governor and executive directors.
To boost to gain market share in the consumer lending business ICICI Bank on Tuesday announced EMI facility on debit cards
Infrastructure loan refinancing may top Rs 30,000 crore post reduction of minimum takeout requirement
The RBI has relaxed takeout financing norms for existing infrastructure loans by lowering the minimum takeout requirement to 25% from 50%.
RBI statement indicated that the govt was broadly in agreement with its overhaul plans. But finance ministry officials say there was no such concord.
SBI wants outsiders to watch over company operations while the other lenders regard this as the wrong approach as Bhushan Steel has a strong board.
Banks are lining up extensive cash-back offers targeting shoppers during the I-Day holiday as they try to cash in on the surge in online and offline purchases.
The gulf between pvt and public sector banks has been widening on various parameters — growth, bad loans, profitability, service standards etc.
Madhu Kapur, widow of Yes Bank co-promoter Ashok Kapur, wants the court to confer on her the right to nominate a director as co-founder.
YES Bank told Bombay HC it would refrain from altering composition of its board until August 19, when a petition filed by Madhu Kapur comes up for hearing.
RBI in its bimonthly monetary policy statement on Tuesday left the repo rate, or the rate at which it lends money to banks for short-term, unchanged at 8 per cent.
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