UCBs: RBI may nix norm to constitute Board of Management

Amendment to the Banking Regulation Act gives RBI full control over their functioning.

from Business Line - Money & Banking https://ift.tt/3jCvoU2

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PNB Housing Finance to step up recovery efforts this month onwards: CEO Prasad

The company's gross non-performing assets (NPAs) jumped to six per cent of the gross advances (or Rs 3,625 crore) in the quarter ended June 30, 2021, from 2.7 per cent by the end of June 2020, mainly on account of the impact of the second wave of the pandemic.

from Banking/Finance-Industry-Economic Times https://ift.tt/3jE253H

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RBI empanels Karnataka Bank as ‘agency bank’ for govt business

As an empanelled “agency bank”, Karnataka Bank is now authorised to undertake the government businesses such as revenue receipts and payments on behalf of the central and state governments, pension payments of governments, collection of stamp duty charges and other items of work advised by the RBI, the bank said in a statement.

from Banking/Finance-Industry-Economic Times https://ift.tt/2VsIwDq

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Central Bank of India enters into strategic co-lending partnership with Dhanvarsha Finvest

To offer loan against gold to MSME borrowers

from Business Line - Money & Banking https://ift.tt/3jskVdG

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IDBI Bank strategic sale: 7 firms in race for transaction advisor

The firms that have bid for acting as transaction advisor are Deloitte Touche Tohmatsu India LLP, Ernst and Young LLP, ICICI Securities, JM Financial Ltd, KPMG, RBSA Capital Advisors LLP and SBI Capital Markets.

from Banking/Finance-Industry-Economic Times https://ift.tt/37rn043

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