Banks & institutions

Supreme Court orders liquidation of Jet Airways as debt resolution fails

08 Nov 2024

The Supreme Court on Thursday ordered the liquidation of Jet Airways in view of the failure to implement the debt resolution plan under some

StanChart India sells Rs4,100-cr personal loan portfolio to Kotak Mahindra Bank

20 Oct 2024

Standard Chartered Bank, India (StanChart) is selling around Rs4,100 crore ($490 million) of outstanding personal loans to Kotak Mahindra Bank Ltd (KMBL).

RBI keeps policy repo rate unchanged at 6.5% with focus on inflation

10 Oct 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India, at its meeting on Wednesday, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Sabadell shareholders accuse BBVA of worsening its bid with modified offer

04 Oct 2024

Shareholders of Spanish bank Banco Sabadell have accused its larger peer BBVA of “worsening” the takeover offer by announcing a modification to the original bid offer, undervaluing the bank further.

Sabadell shareholders accuse BBVA of worsening its bid with modified offer

04 Oct 2024

Shareholders of Spanish bank Banco Sabadell have accused its larger peer BBVA of “worsening” the takeover offer by announcing a modification to the original bid offer, undervaluing the bank further.

PNB raises Rs5,000 cr from institutional investors to bolster capital

30 Sep 2024

Punjab National Bank (PNB) has raised Rs5,000 crore through allocation of around 481.9 million shares to qualified institutional investors, the state-owned lender said on Friday.

GoFirst’s creditors vote for liquidation of the airline report

06 Aug 2024

The Committee of Creditors (CoC) overseeing the debt resolution process of insolvent carrier Go First decided to vote for liquidation of the airline as the committee could not make any headway 15 months

BNP Paribas to acquire AXA’s fund business for $5.5bn

05 Aug 2024

French banking group BNP Paribas is in exclusive talks with insurer AXA to acquire AXA Investment Managers, in a deal worth €5.1 billion ($5.5 billion).

IDBI Bank privatisation now hinges on RBI approval report

28 Jul 2024

The union home ministry has given necessary security clearance to potential investors in IDBI Bank and the Reserve Bank of India

RBI issues new directions to banks for recovering money lost in frauds,

18 Jul 2024

Reserve Bank of India (RBI) has issued new directions to banks and other regulated entities to ensure that money lost through fraudulent transactions is recovered and not written off as non-performing asset (NPA).

Punjab & Sind Bank to expand with 100 new branches

10 Jul 2024

State-owned Punjab & Sind Bank plans to expand operations across the country with 100 new branches during the current financial year, reports cited its managing director Swarup Kumar Saha as saying.

Axis Bank invests additional Rs336-cr in Max Life, raises stake to 19.99%

20 Jun 2024

Axis Bank, India’s third-largest private sector lender, has acquired additional equity shares of Max Life Insurance Company worth Rs336 crore

Axis Bank invests additional Rs336-cr in Max Life, raises stake to 19.99%

20 Jun 2024

Axis Bank, India’s third-largest private sector lender, has acquired additional equity shares of Max Life Insurance Company worth Rs336 crore

Spain's BBVA expanding digital banking business to Germany

20 Jun 2024

BBVA, Spain's second largest bank after Santander, which successfully rolled out its digital banking services in Italy, is planning to extend its digital services to Germany as well.

Spanish banks BBVA and Sabadell weigh $12.93 bn all-stock merger

07 May 2024

Spanish bank Sabadell on Monday said it is considering a proposal by larger peer BBVA for a Euro 12 billion ($12.93 billion) all-stock merger that would create the largest banking company in Spain.

And now, BRICS eyes creation of a central bank for currency issue

06 May 2024

China, with backing from Russia and South Africa, is planning an onslaught on the mighty dollar by introducing a new currency, to be issued by a proposed BRICS central bank that would combine the strengths of the respective currencies of the five countries in the economic forum.

RBI asks lenders to be fair and transparent in dealing with borrowers

30 Apr 2024

Reserve Bank of India (RBI) has asked lenders to be transparent in their dealings with borrowers and show fairness while charging interest on loans, even as they enjoy complete freedom in the pricing of loans.

Aditya Birla Capital to merge subsidiary Aditya Birla Finance

12 Mar 2024

The boards of directors of Aditya Birla Capital Ltd and its wholly-owned subsidiary, Aditya Birla Finance, have approved a scheme of amalgamation of the two companies to create a larger non-banking finance company (NBFC).

RBI directs Paytm Payments Bank to stop onboarding new customers

01 Feb 2024

Reserve Bank of India (RBI) on Wednesday directed Paytm Payments Bank Ltd (PPBL) to stop onboarding of new customers with immediate effect, for failure to comply with audit rules.

Sitharaman asks banks to review practices to improve performance

01 Jan 2024

Finance minister Nirmala Sitaraman has asked public sector banks to focus on healthy lending practices, so as to prevent bank frauds and wilful defaults, especially by corporate borrowers.

PNB plans to raise Rs7,500 crore via QIP or FPO

31 Dec 2023

The board of directors of Punjab National Bank (PNB) at its meeting on Thursday approved a proposal to raise Rs7,500 crore capital through equity issue

SBI, Bank of Baroda raise term deposit rates

31 Dec 2023

Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have announced a hike in interest rates on fixed deposits varying from 50 to 125 basis points

RBI directs banks to stop charging penal interest

31 Dec 2023

Reserve Bank of India (RBI) has directed banks to stop charging penal interest rates on delayed loan repayments

RBC gets govt nod for $10 bn acquisition of HSBC Canada

23 Dec 2023

The Canadian government on Thursday granted approval for Royal Bank of Canada’s C$13.50 billion ($10.20 billion) acquisition of the Canadian assets of HSBC (HSBC Canada)

RBI cautions banks, NBFCs on exposure to alternative investment funds

22 Dec 2023

Reserve Bank of India (RBI) has directed all regulated entities (REs), including commercial banks, co-operative banks and all-India financial institutions

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