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PSU bank shares take a hit due to draft RBI norms on project finance

New Delhi, May 6 -- The shares of public sector banks fell during trade on Monday after the Reserve Bank of India's draft rules proposed higher provisioning norms on under construction projects. PSU ... Read More


RBI may give final nod for stake increase in IndusInd Bank soon: Ashok Hinduja

Mumbai, May 6 -- IndusInd International Holdings Ltd (IIHL), promoter of IndusInd Bank, said it is likely to receive the Reserve Bank of India's final approval to increase its stake in the private-sec... Read More


Kotak Bank's Vaswani concerned about reputational impact of RBI order

MUMBAI, May 4 -- Kotak Mahindra Bank's new managing director and chief executive officer, Ashok Vaswani, has expressed greater concern over the reputational fallout of the Reserve Bank of India's (RBI... Read More


Behind KVS Manian's sudden exit from Kotak Mahindra Bank

Mumbai, May 2 -- KVS Manian's abrupt exit from Kotak Mahindra Bank Ltd a week after the central bank's knuckle-rap and barely two months after he was elevated as joint managing director may have derai... Read More


Federal Bank in advanced stage of sending names of CEO candidates to RBI

New Delhi, May 2 -- Kerala-based Federal Bank is in an advanced stage of sending the names of potential candidates for the post of managing director and chief executive officer, according to CEO Shyam... Read More


Mint Explainer: The Madras high court order that's put RBI in a spot

New Delhi, April 30 -- The Madras High Court last week directed the Reserve Bank of India to conduct a comprehensive valuation of the shares and assets of DBS Bank India Ltd and Lakshmi Vilas Bank bef... Read More


SFBs to shy away from universal bank ops for now

Mumbai, April 29 -- The Reserve Bank of India (RBI) on Friday announced new rules for conversion of small finance banks (SBFs) into universal banks, but it could be a year or two before an SBF applies... Read More


SFBs to shy away from universal bank ops for now

Mumbai, April 29 -- The Reserve Bank of India (RBI) on Friday announced new rules for conversion of small finance banks (SBFs) into universal banks, but it could be a year or two before an SBF applies... Read More


Despite new RBI rules, no small finance bank will apply for a universal banking licence anytime soon

Mumbai, April 28 -- The Reserve Bank of India announced new rules for the conversion small finance banks (SBFs) into universal banks on Friday, but it could be a year or two before an SBF applies for ... Read More


RBI sets standards for SFBs eyeing universal bank licence

Mumbai, April 26 -- Small Finance Banks (SFBs) must maintain profitability, and keep their gross non-performing assets ratio below 3% for at least two financial years before applying for a universal b... Read More