The RBI regulates both governance and prudential norms of private banks. For public banks, the government exercises the powers relating to governance while leaving prudential regulation to RBI.
The recalibration is a process, in which the cassettes in the ATMs that hold cash are modified to suit the size of the currency.
The former Supreme Court Judge is heading the panel which is probing the allegations of quid pro quo by Kochhar in sanctioning of a loan by ICICI Bank.
There are eight members on the board of ICICI Securities of which four are independent directors, two are non-executive non-independent directors who are nominated from ICICI Bank and two are whole time directors.
The bank is planning to use biometrics for various mobile banking products including the mobile wallet and Unified Payment Interface (UPI) transactions.
Although PNB Housing Finance shares are on the block, the govt is keeping close tabs on the share price, which it believes was hammered by some of the potential suitors to acquire the stake at a lower value.
India’s dedicated bankruptcy court has sought to remove legal impediments to liquidation or loan-recovery proceedings.
Mathur, a former director with US fund KKR & Co. L.P, has joined with ADIA's Abu Dhabi office as Head- India & South East Asia, Private Equities.
The lender has already had preliminary management meetings with the PNB Housing top brass led by MD, Sanjaya Gupta. Goldman Sachs is believed to be its advisor.
Divestment is part of a broader Larsen &Toubro effort to trim its wholesale lending business and to concentrate instead on retail and housing segments.
The gross premium collection of all the 33 non-life insurers rose by 14 per cent to Rs 49,067.47 crore in April-June 2018-19 compared to Rs 43,076.26 crore in the same period of 2017-18, according to the Irdai data.
The Reserve Bank of India (RBI) has directed rating firms to scan bank account details in assessing its ability to repay loans.
The Sunil Mehta committee has also backed the government plan for a bad bank to deal with stressed loans by setting up an asset management company (AMC). Chalasani said the committee is in advanced discussions for the same.