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RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
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Kotak Mahindra Bank Joint MD KVS Manian Resigns
Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.
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Axis Bank Credit Card Users Impacted By Fraudulent Transactions: Report
Several customers having Axis Bank credit cards have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said today.
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Kotak Mahindra Bank Clarifies No Communication From RBI On Succession Plan
Private sector lender Kotak Mahindra Bank on Monday said it has not received any communication from the Reserve Bank on the succession of its executive officer (CEO).
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Yes Bank Founder Rana Kapoor's Wife, Daughters Denied Bail In Corruption Case By CBI
The Bombay High Court today refused to grant bail to Yes Bank founder Rana Kapoor's wife and two daughters in a corruption and cheating case involving private sector lender Dewan Housing Finance Corporation Ltd (DHFL).
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Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu Auto Hub
In Chennai's Ambattur, a hub for tiny auto component manufacturers, machine operator Sahaya Mary was pushed out of her job of 10 years. With no means of income, she had to take a loan from a private money lender at a very high interest rate. Unable to pay off her debt, she has now pledged the little gold that she owned. "I don't know whether to eat...
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Anti-Corruption Bureau Files Case Against Former J&K Bank Chairman
Anti-Corruption Bureau (ACB) has registered a case against former chairman of Jammu and Kashmir Bank for allegedly causing loss to the public sector lender while executing a deal with a private insurance company, officials said Tuesday.
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Bank Customers Paid Rs 5,000 Crore Last Year For Minimum Balance Breach
As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.
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Federal Bank Acquires 26% Stake In Equirus Capital
Private sector lender Federal Bank today made its foray into investment banking by acquiring a minority 26 per cent stake in Equirus Capital, a boutique investment bank.
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Why Banks In Maharashtra Are Wary Of Using Own Capital For Loan Waiver
Learning a lesson from the farm loan waiver scheme in 2008, wherein the banks had to wait for three years before they were given back their capital used for the debt write-off, the public sector and private lenders are treading cautiously this time.
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Banks Allowed To Accept Deposits Under Small Savings Schemes
Top three private sector lenders have also been allowed to accept deposits under schemes like NSC, recurring deposits and monthly income plans.
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IndusInd Bank, Bharat Financial Inclusion To Explore Merger: 5 Things To Know
IndusInd Bank is the sixth biggest private sector lender in India with a market value of over Rs 1 lakh crore.
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IndusInd Bank In Talks To Buy Microlender Bharat Financial Inclusion
IndusInd Bank is India's sixth-largest private sector lender by assets and has a market value of about $16 billion.
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Apple Chief Tim Cook Visits ICICI Headquarters, Meets Top Management
American technology giant Apple's chief executive Tim Cook today met ICICI Bank's top brass at the country's largest private sector lender's corporate headquarters in Mumbai.
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ICICI Bank to Sell Indian Railways Tickets on Its App, Website
The largest private sector lender will soon introduce the facility to book rail tickets on its mobile banking application and prepaid digital wallet.
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RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
-
Kotak Mahindra Bank Joint MD KVS Manian Resigns
Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.
-
Axis Bank Credit Card Users Impacted By Fraudulent Transactions: Report
Several customers having Axis Bank credit cards have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said today.
-
Kotak Mahindra Bank Clarifies No Communication From RBI On Succession Plan
Private sector lender Kotak Mahindra Bank on Monday said it has not received any communication from the Reserve Bank on the succession of its executive officer (CEO).
-
Yes Bank Founder Rana Kapoor's Wife, Daughters Denied Bail In Corruption Case By CBI
The Bombay High Court today refused to grant bail to Yes Bank founder Rana Kapoor's wife and two daughters in a corruption and cheating case involving private sector lender Dewan Housing Finance Corporation Ltd (DHFL).
-
Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu Auto Hub
In Chennai's Ambattur, a hub for tiny auto component manufacturers, machine operator Sahaya Mary was pushed out of her job of 10 years. With no means of income, she had to take a loan from a private money lender at a very high interest rate. Unable to pay off her debt, she has now pledged the little gold that she owned. "I don't know whether to eat...
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Anti-Corruption Bureau Files Case Against Former J&K Bank Chairman
Anti-Corruption Bureau (ACB) has registered a case against former chairman of Jammu and Kashmir Bank for allegedly causing loss to the public sector lender while executing a deal with a private insurance company, officials said Tuesday.
-
Bank Customers Paid Rs 5,000 Crore Last Year For Minimum Balance Breach
As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.
-
Federal Bank Acquires 26% Stake In Equirus Capital
Private sector lender Federal Bank today made its foray into investment banking by acquiring a minority 26 per cent stake in Equirus Capital, a boutique investment bank.
-
Why Banks In Maharashtra Are Wary Of Using Own Capital For Loan Waiver
Learning a lesson from the farm loan waiver scheme in 2008, wherein the banks had to wait for three years before they were given back their capital used for the debt write-off, the public sector and private lenders are treading cautiously this time.
-
Banks Allowed To Accept Deposits Under Small Savings Schemes
Top three private sector lenders have also been allowed to accept deposits under schemes like NSC, recurring deposits and monthly income plans.
-
IndusInd Bank, Bharat Financial Inclusion To Explore Merger: 5 Things To Know
IndusInd Bank is the sixth biggest private sector lender in India with a market value of over Rs 1 lakh crore.
-
IndusInd Bank In Talks To Buy Microlender Bharat Financial Inclusion
IndusInd Bank is India's sixth-largest private sector lender by assets and has a market value of about $16 billion.
-
Apple Chief Tim Cook Visits ICICI Headquarters, Meets Top Management
American technology giant Apple's chief executive Tim Cook today met ICICI Bank's top brass at the country's largest private sector lender's corporate headquarters in Mumbai.
-
ICICI Bank to Sell Indian Railways Tickets on Its App, Website
The largest private sector lender will soon introduce the facility to book rail tickets on its mobile banking application and prepaid digital wallet.
