“HDFC Bank has received a letter dated July 04, 2022 from the Reserve Bank of India whereby the RBI has accorded it’s ‘no objection’ for the Scheme, subject to certain conditions as mentioned therein,” the bank said in an exchange filing. Earlier HDFC Bank had stated that it has applied to the RBI seeking leeway to meet certain regulatory conditions.
"The Agency for Specialized Monitoring (ASM) appointed by lender/s issued a satisfactory report dated June 30, 2022 (received on July 04, 2022) for Q3FY2022," PFS said in a statement.
The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, and total inventories with a breakup between finished goods, among others.
The company plans to carry out branch expansion across South India and North India. Branch expansion will also aid in creating employment opportunities in the sector as the company plans to train and hire 600 more people to support this expansion.
The charge can be attributed to non- compliance with the Banking Regulation Act, 1949 and directions on ‘Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’, and ‘Loans and Advances – Statutory and Other Restrictions’.
"In this regard, we would like to inform you that HDFC Limited has received observation letter with 'no adverse observations' from BSE Limited and observation letter with 'no objection' from the National Stock Exchange of India Limited, both dated July 2, 2022," the filing said.
Taxspanner estimates that Kumar can save up to Rs.2.27 lakh in tax if his salary structure is rejigged, he opts for the NPS benefit offered by his company, and he invests in the pension scheme on his own as well.
Sebi has asked credit rating agencies to share information on all corporates whose ratings are propped up with promoter or parent guarantees and pledge of shares. The capital market regulator has also sought details on companies which have been refusing, often for years, to share data with rating firms.
The lender has asked ARCs to submit an expression of interest with an indicative price for the loan accounts they would like to acquire, said one of the persons cited above.
Eligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on August 28, according to a DICGC circular.The Reserve Bank of India (RBI) had imposed several restrictions, including on withdrawals by depositors, on these two banks in May in the wake of their deteriorating financial positions.
In a bid to check frauds, the RBI has been taking several steps including improving efficacy of Early Warning System (EWS) framework, strengthening fraud governance and response system, augmenting data analysis for monitoring of transactions and introduction of dedicated Market Intelligence (MI) Unit for frauds.
FSIB will replace Banks Board Bureau. The Appointments Committee of the Cabinet (ACC) has asked the Department of Financial Services to carry out necessary modifications in the Nationalised Banks (Management and Miscellaneous Provisions) Scheme of 1970/1980 with the approval of finance minister to effect this change.
"Normally, during such a period when gold is a preferred asset class, there is also a felt need for monetising this asset class. That's why we feel there is much opportunity for this asset class," he said.