RBI told Urban Cooperative Banks to Report Credit of 5 Crore Rupees and above

The Reserve Bank of India (RBI) on recently ordered the urban cooperative banks (UCBs) to report exposures of ₹5 crore or more to a central repository, within a month of end-of-quarter. “The banks need to submit the data on large exposures within 30 days from the end of the quarter through XBRL reporting platform of … Read more RBI told Urban Cooperative Banks to Report Credit of 5 Crore Rupees and above

Categories RBI

HDFC Bank will Seek Approval from RBI For Aditya Puri’s Successor

As per a senior official of the bank, HDFC bank is going to seek approval of RBI for the replacement of the Aditya Puri. After the December quarter’s results, Sashidhar Jagdishan, executive director, HDFC Bank, said that the board of directors have agreed upon the search firm that is going to help in the process. … Read more HDFC Bank will Seek Approval from RBI For Aditya Puri’s Successor

UBS: Indian Banks are facing risk of $15 billion telecom dues

According to the UBS Group AG, due to the Supreme Court’s rejection of the appeal made by wireless carriers to review $13 billion they owe to the government raises risks for lenders to the companies. These pending payment of the dues disturb the telecom operators’ cash flows, especially those of Vodafone Group Plc’s India venture. … Read more UBS: Indian Banks are facing risk of $15 billion telecom dues

IDBI Bank will Meet RBI to ask for removal of PCA framework

IDBI bank, owned by LIC is currently under prompt corrective action since May 2017 when RBI put restrictions. The bank may hold a meeting with the RBI this week to seek removal of operational restrictions, according to sources. As per the sources, the bank will give a presentation to the Reserve Bank of India showing its improved financial … Read more IDBI Bank will Meet RBI to ask for removal of PCA framework

RBI changes the rules of Penalty on Payment of system operators

The Reserve Bank of India (RBI) on Friday changed some of the norms for penalties on payment system operators for non compliance of the regulations. This was to ensure the safety and security to various stakeholders, including customers. Due to the advanced technology, availability of payment products, entry of more nonbank players, dis-intermediation, and significant … Read more RBI changes the rules of Penalty on Payment of system operators

RBI restricted Bangaluru Privat Banks from doing Business

The Reserve Bank of India (RBI) has restricted the Bengaluru-based private bank from doing business due to the alleged irregularities in transactions, an official said on Saturday. “Sri Guru Raghavendra Sahakara Bank in Bengaluru shall not, without prior approval of the RBI in writing, grant or renew loans and advances, make investment, borrow funds or … Read more RBI restricted Bangaluru Privat Banks from doing Business

Yes bank board gave approval to 10000 crore, but reject Braich’s $1.2 bn offer

The board of private lender Yes Bank met on Friday and approved raising of funds of up to ₹10,000 crore in one or more tranches through a qualified institutional placement (QIP), or any other private placement of equity or debt, the bank said. On 30 November, Yes Bank said that a number of investors had shown interest in … Read more Yes bank board gave approval to 10000 crore, but reject Braich’s $1.2 bn offer

HDFC bank Launches Myapps to boost Digital payments

To be in the digital payment race, HDFC bank also launched its own app “MyApps” in India. It is an unique banking product by bank which will benefit urban local bodies, housing societies, local clubs and gymkhanas and religious institutions. This app would help the organisations to get digitalised in the business. At present HDFC … Read more HDFC bank Launches Myapps to boost Digital payments

Here is the full List of Bank Holidays in January 2020

For New year celebration, RBI has declared the bank holidays in Chenni and some northeastern state, sAizawl, Gangtok, Imphal and Shillong, banks are open across all other major cities of India.  Here is teh list of the Bank holidays of January 2020 which will help you to plan your holidays. The regular holidays that we … Read more Here is the full List of Bank Holidays in January 2020

DHFL Creditors claimed more than 87000/- crore under IBC process

As per the data on the debt-laden shadow lender’s website, Lenders, bondholders, employees and other creditors to Dewan Housing Finance Corp. Ltd (DHFL) have claimed dues of ₹87,905.6 crore under the insolvency resolution process. However, this data does not include holders of fixed deposits (FD), to whom DHFL owed ₹6,188 crore as on 6 July. The claims … Read more DHFL Creditors claimed more than 87000/- crore under IBC process

Most of the CBI fraud cases are based on Bank Plaints

Amid apprehensions of “undue harassment” by the three Cs — the CBI, the Central Vigilance Commission and the Comptroller and Auditor General (CAG), figures show that most of the 90-odd bank fraud cases registered by the CBI this year were based on complaints from lenders. In a major crackdown, when the CBI registered 42 cases … Read more Most of the CBI fraud cases are based on Bank Plaints