Govt extends tenure of Canara, Bank of India EDs by 2 years
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The government has extended the tenure of two executive directors of Canara Bank and Bank of India for two years, the state-run lenders said on Monday.
Canara Bank in a regulatory filing said that the central government has extended the term of office of A M
Bank of Baroda ED SL Jain appointed as Indian Bank MD & CEO
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Bank of Baroda on Monday said Shanti Lal Jain would cease to be its executive director from September due to his appointment as the MD & CEO of Indian Bank.
Jain's cessation as the executive director of Bank of Baroda will be effective from September 1, 2021
Rupee rallies 40 paise to close at 73.29 against US dollar
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The rupee surged by 40 paise to close at 73.29 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and a weak American currency.
Government extends tenure of UCO Bank's MD, CEO for 2 years
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State-owned UCO Bank on Saturday said the government has extended the term of its MD and CEO Atul Kumar Goel for two years.
The central government, through a notification dated August 26, extended the term of office of Atul Kumar Goel as UCO Bank's managing
RBI raises incentive for banks for distribution of coins to public
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The Reserve Bank of India has increased incentives for banks for the distribution of coins to the general public to Rs 65 per bag with effect from September 1.
RBI holds talks with SFBs on enhanced board oversight, risk management
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Analysts say while most SFBs set up robust networks the past 3-4 years, they were hit badly by Covid-19 pandemic, and will need time to ramp up CASA deposits and secured credit
RBI imposes penalty on 2 co-op banks, 1 NBFC for compliance deficiency
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The Reserve Bank of India (RBI) on Thursday said it has imposed penalties on two co-operative banks and a non-banking financial company (NBFC), for deficiencies in certain regulatory compliance.
RBI extends PIDF scheme to street vendors under PM SVANidhi programme
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Reserve Bank on Thursday extended the scheme for encouraging deployment of Point of Sale (PoS) infrastructure to street vendors covered under the PM SVANidhi programme in tier 1 and 2 centres.
Processing about $1.5 billion transactions a month, says PhonePe
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Fintech major PhonePe on Thursday said it is processing almost $1.5 billion transactions a month, and about 80 per cent of its users are from tier-II cities and beyond
FM discusses key areas of cooperation to support recovery of BRICS nations
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Finance Minister Nirmala Sitharaman on Thursday discussed with her BRICS counterparts the key areas of cooperation that would be crucial in supporting recovery of the grouping's economies
HDFC Bank lists $1-billion AT-1 bonds on IFSC exchanges at GIFT
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HDFC Bank on Thursday listed its USD 1 billion additional tier- I (AT-1) bonds on the IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT)
Jana SFB ties up with two co-op banks to offer digital, payment services
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Jana Small Finance Bank (Jana SFB) will provide its digital infrastructure and payments services to HCBL Co-operative Bank and Mysore Merchants Co-operative Bank under the bank sponsorship programme.
Under the bank sponsorship programme, the RBI has permitte
Rupee inches 2 paise higher to close at 74.22 against US dollar
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The rupee eked out a marginal 2 paise gain to close at 74.22 (provisional) against the US dollar on Thursday amid a muted trend in domestic equities.
Traders said the domestic unit is trading in a narrow range as investors are awaiting cues from the key spee
PhonePe gets in-principal nod from RBI to operate as an account aggregator
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Account aggregators are responsible for providing services based on the explicit consent of individual clients, which includes the transfer, but not storing, of a client's data
Indian banks will be able to withstand rising asset risks, says Moody's
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The rating agency in a statement said that banks' improved profitability, capital and loss buffers will help them absorb anticipated loan losses and maintain credit strength
Govt approves raising family pension of bank staff under NPS
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The families of deceased bank employees will receive up to 30 per cent of the last drawn salary of the employee under the National Pension Scheme (NPS)
