The banking regulator has decided that there will be no fixed cap on promoter’s stake in a bank during an initial period of five years...

These inculde the proposed law to facilitate privatisation of public sector banks, and amendments to the Pension Fund Regulatory and Development Authority Act...

These monetary penalties have been imposed in exercise of powers vested in the Reserve Bank under the Banking Regulation Act, 1949...

The govt has to amend the Banking Regulation Act, the two Banking Companies Acts before proceeding with the privatisation exercise...

The cabinet is expected to deliberate on the amount of the stake to be sold by the government and the biggest promoter Life Insurance Corporation...

The critical comment comes after former RBI governor Raghuram Rajan and Viral Acharya, the former deputy governor, called the key proposal 'a bombshell'...

Last week, the RBI group said large corporates may be permitted to promote banks only after necessary amendments to the Banking Regulation Act...

A division bench comprising Justices Nitin Jamdar and Milind Jadhav set December 14 as the next date for hearing on the petition...

Public sector banks may not be too big to fail, but they are much too economically and socially critical...

The amendments follow the collapse of PMC Bank last year...