IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time
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Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said
Muthoottu Mini Financiers launches 3 zonal offices for customer experience
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Muthoottu Mini Financiers Ltd, one of the largest NBFC in India, announced launch of three new zonal offices across India to upgrade operational efficiency and to provide better customer experience.
India's forex reserves down by $1.34 billion to $641.113 billion
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After reaching a record high in the previous week, the country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI data
PNB cuts rate on home loan above Rs 50 lakh by 0.5 pc; RLLR by 0.25 pc
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A day after SBI and Bank of Baroda announced festival season offer, Punjab National Bank on Friday slashed the interest rate on home loan above Rs 50 lakh by 0.50 per cent to 6.60 per cent
Asian Americans in finance say racism leads to 'bamboo ceiling' in career
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Asians often fall victim to the «model minority myth,» the view that they are diligent workers who have overcome discrimination to gain a solid foothold in the workplace, according to the AAAIM
RBI nod to special committee to oversee operations at Ujjivan SFB
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The Reserve Bank has given its go-ahead to Ujjivan Small Finance Bank (SFB) to form a special committee of directors to oversee operations in the absence of an MD and CEO.
The Reserve Bank of India (RBI) in a letter dated September 15, 2021, has approved th
Srei Infra CEO Rakesh Bhutoria steps down on salary issue: Company filing
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Srei Infrastructure Finance (Srei) on Wednesday said its chief executive officer (CEO) Rakesh Kumar Bhutoria has resigned, mainly on account of the salary payment issue that has impacted team morale
Mastercard ban: RBL Bank restarts credit card issuances with rival Visa
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Two months after getting hit by the regulatory ban on Mastercard, private sector lender RBL Bank on Wednesday restarted credit card issuances on rival Visa's payment network.
The Reserve Bank of India had banned Mastercard from issuing any new cards on July
Rupee inches 2 paise higher at 73.66 against US dollar in early trade
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The Indian rupee opened on a flat note and inched higher by 2 paise to 73.66 against the US dollar in opening trade on Wednesday.
The domestic unit was trading in a narrow range as the US dollar regained strength ahead of the release of US inflation data. Mo
YES Bank, six others settle case with Sebi; pay Rs 1.65-crore
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The six persons were either a member of the Reputational Risk Management Committee (RRMC) or part of the decision making process in relation to the disclosures made on February 13, 2019
Microfinance loan portfolio rises 4.2% to Rs 2,37,369 cr as of June-end
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The microfinance industry's gross loan portfolio (GLP) rose 4.2 per cent to Rs 2,37,369 crore as of June 30, 2021, compared with Rs 2,27,727 crore as of June 30, 2020, according to a MFIN report
Madras HC withdraws its order on bumper-to-bumper insurance cover
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The judge hoped and trusted the lawmakers would look into this aspect and examine the need for suitable amendment in the Act relating to wide coverage of vehicles so as to protect the innocent victims
RBI and Singapore central bank to link payment systems by July 2022
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The RBI and MAS hope to complete the linkage by July 2022 «on a reciprocal basis without a need (for users) to get onboarded onto the other payment system».
Rupee rises 7 paise to 73.61 against US dollar in early trade
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The Indian rupee appreciated 7 paise to 73.61 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities and sustained foreign fund inflows
Trust between govt and industry critical, says FM Nirmala Sitharaman
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Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved
