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RBI SCRUTINY ON LENDERS
Areion seeks RBI approval for Rs 936 crore Aviom takeoverAreion Group is seeking Reserve Bank of India approval for its acquisition of Aviom India Housing Finance. The deal, valued at ₹936 crore, ...- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- After courts, RBI, independent reviewers clear HDFC Bank; persistence of crisis narrative raises questionsHDFC Bank is facing a barrage of governance allegations and panic. However, court relief and regulatory reassurances indicate no material a...
- IndusInd Bank faces fresh whistleblower allegationsThe new complaint alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial ...
- Unified Lending Interface is a good start. Now comes the hard partIndia's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.
- Banks seek RBI relief on InvIT lending rules, warn 3-yr track record rule may slow infra monetisation & fresh fundingBanks have asked the Reserve Bank of India to relax new lending rules for Infrastructure Investment Trusts. The proposed three-year operati...
- Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...
- Banks to seek RBI nod for parallel fraud probesBanks are seeking RBI approval for parallel internal investigations alongside law enforcement probes into borrower accounts. This aims to p...
- India considers halting shadow banks from duplicating businessThe Reserve Bank of India (RBI) is considering stricter rules for shadow lenders, aiming to curb overlapping business activities between pa...
- RBI reviews ULI rollout with lenders amid slow adoptionReserve Bank of India officials met with banks and non-banking finance companies. The discussion centered on increasing lending through the...
- RBI may act against more NBFCs to check obscure lending practices: Morgan StanleyThe Reserve Bank of India has ordered four Non-Banking Financial Companies, including two microfinance institutions, to stop new loan appro...
- Indian banks to step up IT spends as regulatory scrutiny risesBanks were earlier spending between 6%-8% of total operating expenditure on technology, sharply below the global average of 10%-12%.
- India's regulatory scrutiny may raise lenders' capital costs, slow loan growth, says S&P GlobalThe Reserve Bank of India (RBI) is increasing regulatory scrutiny of lenders to improve governance and curb exuberant lending. The RBI has ...
- Central Bank of India to close 13% of its branchesCentral Bank of India, a state-owned commercial bank, plans to shut 13% of its branches to improve its financial health, which has been und...
- RBI imposes Rs 1 crore penalty on State Bank of IndiaThe regulator said it had conducted a probe in accounts maintained with SBI and had found it deficient in reporting frauds. “A scrutiny was...
- ICICI Bank opens up its mobile app for customers of rival lendersThe new app, which ICICI Bank claims is a first in the industry, will allow users to link their bank accounts, generate a UPI ID and avail ...
- Shaktikanta Das named ‘Central Banker of the Year 2020’; how RBI Governor dealt with challenges in banking sectorIndia’s banking sector has been faced with many challenges.
- RBI approves 3-year term for Sandeep Bakhshi as ICICI Bank chiefAfter resignation of Chanda Kochhar, the bank's board had elevated Chief Operating Officer Bakshi as the new managing director and CEO for ...
- RBI penalises 12 banks including ICICI Bank for violating rulesThe RBI has penalised as many as 12 banks including ICICI Bank for flouting banking norms while doing business with Deccan Chronicle Holdin...
- RBI penalises six more banks for KYC violationRBI has penalised six state-run lenders including Allahabad Bank and IDBI Bank for violating customer identification mandates.
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