The vacuum in the team of Monetary Policy Committee (MPC), after the resignation of Viral Acharya from Deputy Governor post of the Reserve Bank of India (RBI), has been filled by another Deputy Governor B.P. Kanungo.
The net worth increased by 16 per cent to Rs 7,940 crore from Rs 6,820 crore in Q1 FY19.
Non-financial reforms involving structure, governance, ownership, and culture are necessary for the lenders to become relevant in the digital age.
Now, all the other three deputy governors -- N S Vishwanathan, B P Kanungo and M K Jain -- have been made responsible for 12 departments each.
Finmin wants RRBs to adopt differentiated banking strategies, such as targeting specific sectors.
Troubled DHFL has two insurance subsidiaries - DHFL Pramerica Life insurance and DHFL General Insurance.
Govt will need to infuse around Rs 3,000 crore in insurer to keep it afloat for the next two quarters.
The company said that it was in the process of submitting a resolution plan to the lenders who are expected to give in-principle approval by month-end.
After hearing arguments of the auditors and the MCA, the tribunal comprising of VP Singh and Ravikumar Duraisamy reserved the order.
The consortium of PSU banks led by State Bank of India (SBI) have been pursuing the 63-year-old former Kingfisher Airlines boss in their attempt to recover some of the funds.
The state commission on January 20, 2016 allowed Divanji's appeal directing the bank to pay him Rs 3,60,000 and had set aside the district forum's order.
The bank said in a statement that Naryani would spearhead branch banking, wholesale banking, agri-business, retail lending, third party products and digital banking.
The government has alleged that the banks have not paid GST worth Rs. 18,000 crore. Instead of responding to the notice, the banks moved the Delhi HC.