Search For "bank of india"
Kotak Mahindra Bank acquires BSS Microfinance
Updated : 8 years, 7 months ago IST
New Delhi [India], Oct 1 (ANI): Kotak Mahindra Bank has announced its execution binding share purchase agreement to acquire 99.49 percent of equity shares of BSS Microfinance Private Limited (BSS), a Non-Banking Finance Company, classified as a NBFC-MFI, from existing shareholders subject to
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SC to hear banks' plea against defaulting Vijay Mallya
Updated : 8 years, 7 months ago IST
New Delhi [India], Sept. 27 (ANI): The Supreme Court on Tuesday will hear the plea of the State Bank of India-led consortium of 17 banks against liquor baron and Kingfisher chairman Vijay Mallya for bringing him back to India in connection with a loan defaulting case.
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Jaitley hopes PSBs are able to transmit cuts in policy rates by RBI
Updated : 8 years, 7 months ago IST
New Delhi [India], Sept. 16 (ANI): Finance Minister Arun Jaitley on Friday expressed hope that the public sector banks would tighten up to a point where they are able to transmit cuts in policy rates by the Reserve Bank of India (RBI).
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CBI registers cases UBI CMD, others, recovers crores worth of assets
Updated : 8 years, 7 months ago IST
New Delhi [India], Sept.15 (ANI): The Central Bureau of Investigation (CBI) has registered a case under Section 120-B of the Indian Penal Code against former chairman and managing director of the United Bank of India; a private firm based at New Delhi; another private firm based at Kolkata a
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Patel assumes charge as RBI's the twenty-fourth Governor
Updated : 8 years, 7 months ago IST
New Delhi [India], Sep 5 (ANI): The Reserve Bank of India's new Governor Urjit Patel, who has maintained a contrasting low-profile has assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 201
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Outgoing RBI Gov Rajan argues for independent central bank
Updated : 8 years, 7 months ago IST
New Delhi [India], Sep 3 (ANI): Explaining the ups and downs in terms of macro-challenges, policy choices and managing fiscal and monetary flanks of the stabilization policy, outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan today argued for independent central bank for the countr
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Banks should increase provision coverage ratio, says RBI Deputy Governor
Updated : 8 years, 7 months ago IST
New Delhi [India], Aug 30 (ANI): In view of rising Non-performing assets of banks, the provision coverage ratio (PCR) of banks should be increased, Deputy Governor of the Reserve Bank of India (RBI), N. S Vishwanathan said at an ASSOCHAM event held in New Delhi today.
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SC asks consortium of banks to reply to Mallya's plea
Updated : 8 years, 7 months ago IST
New Delhi, Aug 29 (ANI): The Supreme Court on Monday asked a consortium of banks led by the State Bank of India (SBI) to reply to liquor baron Vijay Mallya's plea seeking recall of an order asking him to disclose his assets.
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Rajan has no degree in economics, Patel has a PhD: Swamy
Updated : 8 years, 7 months ago IST
New Delhi [India], Aug. 26 (ANI): Expressing his approval over the selection of Urjit Patel as the new Reserve Bank of India (RBI) Governor, Bharatiya Janata Party (BJP) leader Subramanian Swamy has said that he has high hopes from Raghuram Rajan's successor.
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RBI issues clarification on S4A norms for NPAs to banks
Updated : 8 years, 7 months ago IST
New Delhi, Aug. 25 (ANI): The Reserve Bank of India (RBI) has issued a clarification with respect to norms of its Scheme for Sustainable Structuring of Stressed Assets (S4A), which allows the bankers to restructure debt of companies in default.
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There are high expectations from new RBI Governor: says Economic Affairs s
Updated : 8 years, 7 months ago IST
New Delhi, Aug 22 (ANI): Economic Affairs secretary Shaktikanta das on Monday said that there are high expectations from upcoming Reserve Bank of India Governor Urjit Patel, once he takes charge on his office on September 4.
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Urjit Patel will fulfill government's objectives as RBI Gov: BJP
Updated : 8 years, 7 months ago IST
New Delhi, Aug. 21 (ANI): Endorsing the Center's decision to appoint Urjit Patel as the new Reserve Bank of India (RBI) Governor, the Bharatiya Janata Party (BJP) on Sunday said the former will fulfill the government's objectives.
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