Banks general
Former chairman Waryam Singh emerges key link in PMC fraud probe
17 Oct 2019
Waryam Singh, along with other directors, Sarang Wadhwan, Rakesh Wadhwan and other executives of Housing Development and Infrastructure Limited and its group companies and other unknown persons have been accused of committing various criminal acts causing loss to the tune of Rs4,335.46 crore to PMC Bank
Banks' NPA woes a legacy of Singh-Rajan policies: Sitaraman
16 Oct 2019
`It was in Rajan's time as governor of the Reserve Bank that loans were given just based on phone calls from crony leaders, and public sector banks in India till today are depending on the government's equity infusion to get out of that mire,’ she said
RBI fines LVB, Syndicate Bank for non-compliance
15 Oct 2019
RBI hikes PMC Bank withdrawal limit to Rs40,000
15 Oct 2019
SBI to charge processing fees for home loans
11 Oct 2019
PMC Bank scam: 2 HDIL directors held, assets attached
04 Oct 2019
While the Economic Offences Wing of the Mumbai police arrested two directors of realty firm HDIL - Rakesh Wadhawan and his son Sarang Wadhawan - and attached properties worth Rs3,500 crore, the bank's chairman Waryam Singh and its managing director Joy Thomas and other bank officials are also accused of criminal breach of trust, forgery and falsification of records
SBI makes ATM withdrawals costly, hikes minimum balance charges
01 Oct 2019
While the normal ATM withdrawal limit is two, for savings bank accounts with an average minimum balance between Rs25,000 and Rs50,000, there will be 10 free cash withdrawal transactions in a month, beyond which each transaction will be charged Rs50 (plus GST) irrespective of the AMB
RBI yet to explain its move against PMC Bank
25 Sep 2019
RBI-appointed officer JB Bhoria is currently overseeing the working of PMC Bank, although it is unclear whether RBI has taken over management of the bank or is merely overseeing in the interim ahead of loosening these restrictions
ICICI Bank to add 450 branches this fiscal
24 Sep 2019
Rana Kapoor sells 2.3% stake in YES Bank
23 Sep 2019
ECGC raises insurance cover for banks’ export credit to 90%
17 Sep 2019
Enhanced insurance cover will ensure that foreign and rupee export credit interest rates will be below 4 per cent and 8 per cent, respectively, for exporters
RBI opens taps, enables banks to lend more to consumers
13 Sep 2019
Besides reducing the risk weight for banks’ consumer loans and personal loans to 100 per cent from 125 per cent, RBI also raised bank’s exposure limit to a single NBFC from 15 per cent to 20 per cent of its Tier-I capital