BUSINESS
Exclusive: Take strict action against banks mis-selling insurance to customers, says former IRDAI Chairman
HDFC Bank on June 5 suspended one of its officers in Kolkata for allegedly engaging in unruly behaviour with colleagues during an internal meeting.
BUSINESS
Government recommends Sat Pal Bhanoo, R Doraiswamy as MDs for LIC
The Financial Services Institutions Bureau also recommended M Rajeshwari Singh for CMD in National Insurance Company Limited and Ramaswamy Narayanan as CMD in General Insurance Corporation of India.
BUSINESS
HDFC Bank’s suspension of manager highlights pressure to meet sales targets, say experts
The bank acted after a video of the official’s unruly behaviour during a conference call with team members was shared widely on social media.
BUSINESS
Banks unlikely to hike rates due to high deposit accretion, liquidity
Experts also said that another pause in the repo rate hike cycle is expected from the monetary policy committee on June 8.
BUSINESS
HDFC Bank officer abuses employees in online meeting, suspended after video goes viral
The bank said they have a zero-tolerance policy for any form of misconduct at the workplace.
BUSINESS
Govt interviews candidates for RBI deputy governor position
A panel consisting of RBI Governor Shaktikanta Das, cabinet secretary, financial services secretary and the chief economic advisor interviewed the candidates.
BUSINESS
Bank of India gets Rs 3,104 crore, City Union Rs 385 crore through deposit & exchange of Rs 2,000 notes: Sources
On May 19, the RBI announced the withdrawal of Rs 2,000 notes from circulation.
BUSINESS
MC Explains: The Reserve Bank of India’s LPSS for natural disasters and wars
The lightweight payment and settlement system will help make smooth payments during emergency situations and keep the liquidity pipeline of the economy alive and intact, according to the RBI.
BUSINESS
PM Modi launches Rs 75 coin. Where and at what price can you buy it?
You can buy Rs 75 coin at the government website www.indiagovtmint.in.
BUSINESS
Digital payments eliminate need for high denomination currencies: Former RBI Dy Gov
About 89 percent of the Rs 2,000 notes in circulation were issued prior to March 2017, and are at the end of their estimated lifespan of four-five years.
BUSINESS
Interview | PNB to focus on recovery, sees loan growth of 12-13% in FY24, says MD & CEO Atul Kumar Goel
The comments come even as the banking sector is in a cautious mode when it comes to fresh corporate lending and bad loan resolution.
BUSINESS
Scarce use, risk of collateral issues behind withdrawal of Rs 2,000 notes: Das
Das was speaking at the CII Annual Session 2023.
BUSINESS
Rs 2,000 note withdrawal: Banks see no rush for exchange, deposit
The RBI said people could visit bank branches from May 23 to exchange or deposit their Rs 2,000 notes.
BUSINESS
Ground Report | No panic in gold jewellery market on Rs 2,000 note withdrawal
Some jewellers who sought a premium for gold purchases using Rs 2,000 notes were rebuffed by customers, while others printed posters to lure buyers.
BUSINESS
RBI Governor Shaktikanta Das asks banks to strengthen governance and assurance functions
The RBI governor was talking to the directors on the boards of public sector banks in Delhi.
BUSINESS
Rs 2,000 note withdrawal: Bankers gear up to handle crowds, top brass issues instructions
The RBI on May 22 asked banks to provide hassle-free facility of exchange of Rs 2,000 banknotes across the counter.
BUSINESS
Rs 2,000 note withdrawal: Crowds unlikely, people have enough time, say bankers
A repeat of the demonetisation rush is not expected because not too many Rs 2,000 notes are in circulation, bankers tell Moneycontrol
BUSINESS
Rs 2,000 note withdrawal | Deposit accretion of banks to improve, decision taken with due precaution: experts
The Reserve Bank of India (RBI) on May 19 said that it is withdrawing Rs 2000 notes from circulation based on a review.
BUSINESS
Exclusive | Govt-owned IIFCL mulling IPO by 2024
The firm has seen an improvement in financial performance with net and gross NPAs falling to 1.41 and 4.76 percent, respectively, for the financial year ended March 2023.
BUSINESS
India Post Payments Bank invites applications for new MD&CEO
The last date for submitting the completed online application for the MD and CEO post is June 14, 2023.
BUSINESS
Explained | What is LIBOR and why the new RBI instructions?
LIBOR is being completely phased out with effect from July 1st, 2023. The roots of this go back a long way, and lie in alleged rate manipulation by leading international banks.
BUSINESS
Role of regulation is very important in digital lending, says Amazon Pay India Whole-time Director
Vikas Bansal feels RBI's objective is very clear — to promote transparent and fair practices, and educate and protect customers. According to him, once the industry adjusts to the new standards that RBI has laid out, it will continue to grow.
BUSINESS
Analysts caution on Yes Bank’s continuing high reliance on bulk deposits
The Mumbai-based private lender recently said 60 percent of its deposits are coming from the retail depositor
BUSINESS
MC Exclusive | Yes Bank doesn't depend on large deposits anymore: Prashant Kumar
The lender’s MD & CEO says 60 percent of deposits are coming from the retail depositor.
