The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions not to grant any loans or credit facilities to the beneficiaries of loans granted by the NDDSF, including credit cards.
On Friday, The S&P BSE Sensex was gained 123.38 points or 0.20 per cent to 62,027.90. The Nifty 50 index added 17.80 points or 0.1 per cent to 18,314.80.
China's new bank loans tumbled more than expected in April from the previous month. The development has further raised concerns regarding the economy's recovery and regulators have called on banks to cap rates offered on some deposits from next week, The Standard reported.
Department of Financial Services (DFS) Secretary Vivek Joshi chaired a meeting here on Friday as a part of a symposium on 'Strengthening financial sustainability and operational viability' of Regional Rubal Banks (RRBs).
He held a meeting with the National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), select Federations of UCBs from various States and the CEOs of select UCBs.
The Reserve Bank of India on Friday, announced a '100 Days 100 Pays' campaign for banks to trace and settle the top '100 unclaimed deposits' of every bank in every district of the country within '100 days', informed a press release.
New Delhi [India], May 11 (ANI/NewsVoir): Spice Money (subsidiary of DiGiSPICE Technologies), India's leading rural fintech that is revolutionizing the way Bharat banks, today announced its strategic partnership with Boston Consulting Group (BCG), a leading global consulting firm. By joining
The event, which will take place from May 22 to 24 at the SKICC on the banks of the famous Dal Lake in Srinagar, is expected to have a positive impact on the tourism and trade sectors of the region.
The fiercely-contested Karnataka battle saw parties adopting different strategies to woo the voters with the BJP emphasising its development plank and the Congress seeking to keep the narrative to local issues
Bengaluru (Karnataka) [India], May 9 (ANI/NewsVoir): With the objective of providing automated, compliant, and secure money transfer experience on Escrow accounts to businesses, RazorpayX, the business banking platform of Razorpay, today announced the launch of ESCROW+ solution, powered by A
The US Federal Reserve on Friday raised interest rates by a quarter of a percentage point and signalled it may pause further increases. The increase lifted the Fed's benchmark federal funds rate to a range of 5 per cent to 5.25 per cent, the highest level since 2007.