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Banking Regulation Act 1949
Business  /  Published 27.11.21

26% cap on bank promoter stake

The Reserve Bank of India has raised the ceiling for long-run promoters’ holding in banks at 26 per cent of the paid-up equity share capital from 15 per cent earlier but ducked a decision on a c...
By Our Special Correspondent in Mumbai

Business  /  Published 25.10.21

Bank, pension bills on way

The government may introduce two key financial sector bills, including the proposed law to facilitate the privatisation of public sector banks, announced by finance minister Nirmala Sitharaman in the ...
By PTI in New Delhi

Business  /  Published 19.10.21

RBI slaps fines on SBI, StanChart

The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the State Bank of India (SBI) and a Rs 1.95 crore fine on Standard Chartered Bank for the violation of various gui...
By PTI in New Delhi

Business  /  Published 03.08.21

Delay in bank selloff likely

The privatisation of state-owned banks that was announced in the budget could be deferred to the next fiscal as the Modi government is yet to initiate the legislative procedures in Parliament. The go...
By Our Special Correspondent in New Delhi

Business  /  Published 01.12.20

Moody’s frowns on bank plan

The corporate ownership of banks is credit negative for governance because of the inherent conflict of interest, rating agency Moody’s Investors Service said in a report. “High non-perfor...
By Our Special Correspondent in New Delhi

Business  /  Published 27.11.20

Cronyism in banking feared

The RBI working group’s proposal to allow corporate houses to set up banks is a ‘good-looking’ step in a ‘bad direction’ and may lead to crony capitalism and eventual fin...
By PTI in New Delhi

Business  /  Published 27.11.20

Court refuses to stay LVB merger

The Bombay High Court has refused to stay the hastily-crafted amalgamation scheme under which Lakshmi Vilas Bank (LVB) is being folded into DBS Bank of India that comes into effect on Friday. Certain ...
By Our Bureau in Mumbai

Opinion  /  Published 23.07.20

India’s perennial banking dilemma

The last worldwide economic crisis in 2008 was supposed to have been triggered by the free-wheeling liberalisation of rules and regulations governing American banks and financial institutions by Alan ...
By Ashok Ganguly

Business  /  Published 12.01.19

Yes Bank names Brahm Dutt as part-time chairman

Yes Bank, the country’s fourth-largest private bank, on Saturday said it has appointed Brahm Dutt as a non-executive part-time chairman to the board.In a statement, Yes Bank said, “Vide its letter...
By Our Bureau in Mumbai


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