[ad_1] Tamilnad Mercantile Bank (TMB) shareholder KV Mugundan has filed an appeal before the Madras High Court directing the Reserve Bank of India (RBI) to immediately remove any of the names from the panel for the appointment of CEO and executive director of TMB. S Krishnan resigned as MD & CEO of the bank on … Read more
[ad_1] The Reserve Bank of India (RBI) said that card issuers should not enter into any agreements with card networks that prevent them from availing the services of other card networks. The central bank also said that card issuers must provide their eligible customers with the option to choose between multiple card networks at the … Read more
[ad_1] Story continues below Shares of gold mortgage lenders Manappuram Finance Ltd and Muthoot Finance Ltd rose as much as 14 per cent on March 5 after the RBI imposed curbs on rival IIFL Finance over material oversight concerns over its gold loan portfolio. IIFL Finance stock reacted to the central bank’s move and hit … Read more
[ad_1] Story continues below Paytm stock may extend the previous week’s gains on February 26 as Morgan Stanley maintained an equal weight call option on the stock with a target price of Rs 555 per share. This comes after the Reserve Bank of India (RBI) advised the National Payments Corporation of India (NPCI) to examine … Read more
[ad_1] The Reserve Bank of India may consider a revision of the February 29 deadline for Paytm Payments Bank, if adequate deposits are not withdrawn from customers, according to two people familiar with the matter. The regulator has not yet made any final decision on the matter and will only review the need for an … Read more
[ad_1] Reserve Bank of India (driven) governor Shaktikanta Das On Thursday it announced that the central bank is looking to issue new rules aimed at making lending more customer-centric. According to Das, the new norms will help small borrowers. Small borrowers You have to pay a processing fee, documentation fee, etc., and it is important … Read more
[ad_1] Reserve Bank of India Governor Shaktikanta Das will announce the bi-monthly policy on Thursday, and experts anticipate a status quo in the key interest rate as inflation hovers around the upper tolerance level of 6 per cent. A security official walks past an emblem of the Reserve Bank of India at the RBI headquarters … Read more
[ad_1] HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank. The Reserve Bank of India (RBI) gave its approval on February 5, 2024. The entities under HDFC Bank Group are HDFC Mutual Fund, HDFC … Read more
[ad_1] Stock markets to be buoyed by quarterly gains in major indices, global trends and RBI’s interest rate decision this week after digesting news on budget proposals and US federal policy outcome .US, analysts say. Trading activity by foreign investors and the movement of global benchmark Brent crude would also dictate stock trends. Also Read: … Read more