Banking & Financial Services

The financial probe agency has till date attached properties worth Rs 4,488 crore in the PNB fraud case.

Yes Bank had earlier said it would seek the central bank's approval to extend Kapoor's term beyond January.

Last month, the central bank curtailed the proposed 3-year term for Yes Bank MD and CEO Rana Kapoor, whose tenure was extended only till January end.

On October 5, held the key lending rate unchanged in the context of an uncertain global economic scenario but turned hawkish in its stance.

Customers who fail to register it before the deadline, will not be able to access the internet banking facilities of SBI.

The promoter holding in Bandhan Bank currently stands around 82 per cent after a successful Initial Public Offer (IPO), launched in March this year.

Indian banks have been plagued by a surge in non-performing loans which hit a record $150 billion at the end of March.

"The RBI action sends a strong signal to boards to take their jobs a lot more seriously when it comes to evaluating CEO performance and the question of succession planning," said T.T. Ram Mohan, a professor of Finance and Economics at the Indian Institute of Management in Ahmedabad

Reserve Bank of India Governor Urjit Patel's comments Friday that the rupee's drop is moderate in comparison to emerging market peers and that the central bank doesn't have any target in mind unnerved investors who were expecting the authority to boost its defense of Asia's worst-performing major currency.

The decision of SBI, said Economic Affairs Secretary Subhash Chandra Garg, should alleviate liquidity concerns of non-banking financing companies (NBFCs) to a great extent.

SBI said it believes that there is a "good opportunity" to expand its loan portfolio at "attractive rates".

The revision in the refinance limit comes on the back of rising contagion fears after IL&FS, a major infrastructure financing and construction company, defaulted on some of its debt obligations.

Interest rates on all three types of savings accounts are fixed at 4 per cent per annum, according to the official website of India Post.

Customers also get a number of facilities such as debit and ATM cards and internet banking with basic savings bank deposit (BSBD) account.

The monetary policy committee kept the repo rate unchanged at 6.50% on Friday.