HDFC would hold 14.96 percent in the merged entity. Representative Image
Gruh Finance board on Monday approved merger of housing financier with Bandhan Bank in share-swap deal. The shareholders of Gruh Finance will get 568 shares of Bandhan Bank for every 1,000 shares held. The merger is effective from...
Fast-track hiring to overcome manpower shortage due to retirements, says Parliament panel to PSBs
Public sector banks (PSBs) ought to step up hiring at junior and middle levels to ensure there is no vacuum following retirement of large number of employees in the near future, the lawmakers said in...
Apart from aid from regulators, certain NBFCs have approached large private equity players for funding, which are ever hungry for low-cost capital.
By: Vidushi Gupta and Vinita Choudhury
The IL&FS crisis, which was caused due to multiplicity of factors such as default on short term borrowings and disputes over contracts,...
Since taking office on December 12, he had met representatives from state-owned and private banks as also those from the cooperative banks.
Officials from the Indian Banks’ Association (IBA) will meet Reserve Bank of India (RBI) governor Shaktikanta Das on January 17 to discuss issues concerning the banking sector,...
Paytm Payments Bank is looking to acquire about 100 million new customers by the end of this year.
The Reserve Bank of India (RBI) has given its approval to Paytm Payments Bank Ltd, which is co-owned by One97 Communications and Vijay Shekhar Sharma, to restart its know your customers...
RBI relaxes withdrawal limit for depositors of City Co-operative Bank (IE)
The Reserve Bank has increased the withdrawal limit for depositors of City Co-operative Bank Ltd, Mumbai, to Rs 5,000. Amid weakening of the financial position of the cooperative bank, the RBI in April had imposed several restrictions on...
At the same time, public sector banks (PSBs) have also made a record in recovery of Rs 60,726 crore in the first half of the current financial year, which is more than double the amount recovered in the corresponding period last year.
Various initiatives taken by the government have...
