RBI unveils new corrective action framework for UCBs

For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory...

Bank of Maharashtra former CEO AS Rajeev assumes charge

Mumbai (Maharashtra) [India], March 15: Bank of Maharashtra former CEO AS Rajeev took charge as a vigilance...

RBI lifts prompt corrective action curbs on Central Bank of India

Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India has removed the Central Bank of India...

RBI introduces prompt corrective action framework for NBFCs

Mumbai (India), December 14 (ANI): The Reserve Bank of India (RBI) on Tuesday issued the Prompt Corrective Action...

RBI removes Indian Overseas Bank from PCA framework

New Delhi [India], September 29 (ANI): The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank...

LVB's CFO S Sundar takes over interim Managing Director & CEO

Chennai (Tamil Nadu) [India], Jan 1 (ANI): Lakshmi Vilas Bank's (LVB's) Chief Financial Officer S Sundar on...

New RBI nominee on the board of Lakshmi Vilas Bank

Chennai (Tamil Nadu) [India], Nov 19 (ANI): Troubled private sector lender Lakshmi Vilas Bank (LVB) said on Tuesday...

RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan

Mumbai (Maharashtra), Oct 10 (ANI): The proposed merger of private sector lender Lakshmi Vilas Bank (LVB) with home...

No connection between RBI's action and FIR filed by Religare:...

New Delhi [India], Oct 1 (ANI): Lakshmi Vilas Bank (LVB) issued a public notice on Tuesday stating that the recent...

RBI initiates prompt corrective action for Lakshmi Vilas Bank...

Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective...

Cabinet clears Rs 9,300 crore capital infusion in IDBI Bank

New Delhi [India], Sept 3 (ANI): The Central government on Tuesday approved Rs 9,300 crore capital infusion into...

RBI exempts BoI, BoM, OBC from PCAF

New Delhi [India], Feb 1 (ANI): The Reserve Bank of India has exempted Bank of India, Bank of Maharashtra and...