By Administrator_India
The government and Life Insurance Corporation (LIC) of India should allow IDBI Bank to come out of the prompt corrective action (PCA) framework before they go ahead with the stake sale in the lender, the Reserve Bank of India (RBI) has suggested.
The banking regulator’s view is that the government’s plan to exit IDBI Bank would send a wrong signal, portraying the lender as “weak” and the one which is in “more trouble”, said a key source aware of the development. “This is contrary to the current position,” he said. An evaluation of the PCA …
At next week's scheduled monetary policy review, the Reserve Bank is projected to boost rates by 0.40 percent, according to Read more
By Administrator_India Capital Sands The Reserve Bank of India (RBI) has slapped a penalty of Rs 2 crore on the Read more
By Administrator_India Capital Sands The Reserve Bank of India (RBI) asked banks to step up disclosures on customer complaints and cost of redressal, cautioning Read more
By Administrator_India Capital Sands A Reserve Bank of India (RBI) panel on Friday recommended giving banking licences to large industrial Read more