Chanda Kochhar termination: HC seeks reply from RBI
Kochhar had on November 30 moved the Bombay HC challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar.
Govt mulls curbs on foreign firms in ‘strategic areas’
While the idea is to look at all overseas players, the focus is on firms from countrie...
DHFL: RBI retains its 3-member advisory panel
On November 22, the central bank had constituted a three-member advisory committee.
India Inc foreign borrowings jump over two-fold to $3.41 billion in Oct
Indian cos had raised $1.41 billion in borrowings from overseas markets in October 2018.
RBI monitoring NBFCs to prevent systemic shocks; better companies getting pre-IL&FS rates
Central bank’s watching the top 50 NBFCs much more closely and is making deep dive into their books, their balance sheets and other numbers wherever necessary, says Governor Shaktikanta Das. He said that RBI has a fairly good idea of where the vulnerabilities lie. It is holding periodic discussions with the management and promoters of NBFCs.
NPCI grants approvals to payment services, says RBI
In August, the apex court had directed the banking regulator to submit a compliance report on the data localisation efforts undertaken by the Facebook-owned instant messaging platform. The deadline to submit its response is November 29.
Payment banks can convert into small finance banks after 5 years
A minimum Rs 200 crore net worth is needed for the license of small finance bank, RBI said.
Will RBI say YES to Erwin Singh Braich, the man who just forced India to sit up and take notice?
Not much is known about Erwin Singh Braich who's supposed to be the knight in shining armour for YES bank.
Sensex jumps 175 pts, Nifty reclaims 12,000 on fresh trade deal hopes
Markets fluctuated between gains and losses as investors avoided long positions.
Capri Group buys into Lakshmi Vilas Bank
A holding of 5 per cent or more in a private bank requires the approval of RBI.
Sensex falls 127 pts, Nifty below 12,000; market breadth worsens
Market participants now await the RBI’s monetary policy review for further cues.
Chanda Kochhar's termination as CEO-MD as per law: ICICI Bank to HC
Kochhar had moved the Bombay High Court challenging ICICI Bank's decision to terminate her despite the bank having approved her request for early retirement.
Compensation you get for poor services offered by insurers, banks, mutual funds, tax department
Did you know that financial services providers like banks, insurers and fund houses have to pay a penalty to you if they don't meet deadlines? Even the tax department is not free from this. Here is the compensation you can claim for poor services.
RBI takes control of DHFL board over governance issues
DHFL has become the first nonbank lender to be sent to the NCLT under the Insolvency and Bankruptcy Code (IBC).
YES Bank board okays nearly $2 billion fund-raising plan
The bank's board will meet again on December 10 to finalise and approve details of the preferential allotment.
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