The central government is seeking to remove the 10 per cent shareholding cap for individuals in public sector banks (PSBs). Read more in our top headlines
Is it becoming a routine affair, like being fined by the traffic police for jumping the red light or by a TTE for travelling without a ticket on a Mumbai local?
The lender, which holds 25.93% stake stake in Dish TV, had sought the removal of the firm's directors Jawahar Lal Goel and four others, and appointment of its own nominees
Kotak, who is also the managing director and chief executive officer of Kotak Mahindra Bank would continue being the non-executive director on the board of IL&FS until April 2, 2022
NCP president Sharad Pawar wrote to Prime Minister Narendra Modi, pointing out certain inconsistencies and resulting legal inefficacy of normative provisions of Banking Regulation Act.
The bill, which seeks to bring cooperative banks under the supervision of the Reserve Bank of India (RBI), will replace an ordinance promulgated in June. The bill was later passed by Lok Sabha
The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law
Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.