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Latest Articles in private sector banks

Fresh Card Issuance By 5 Pvt Banks To Be Impacted Due To Ban On Mastercard By RBI: Report

The issuance of new cards through another payment gateway would take 2-3 months because it involves technology integration and other modalities.

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Bank CEOs Not To Get Extension Beyond 15 Years: RBI To Banks

The RBI had issued a discussion paper in June 2020 that proposed capping the tenure of bank CEOs who are promoters or large shareholders at 10 years.

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U GRO Capital Appoints Amit Gupta As Chief Treasury Officer

Prior to joining U GRO Capital, Amit served as the Head of Investment and Acquisition at Shapoorji Real Estate Fund where he deployed more than USD 300 Million of capital from the fund.

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RBI releases panel report on extant ownership guidelines and corporate structure for private banks

RBI releases panel report on extant ownership guidelines and corporate structure for private banks

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RBI Committee Suggests Allowing Corporates To Take Significant Bank Stakes

The working group committee, which was formed in June to review ownership guidelines and the corporate structure of Indian private sector banks, released its report on Friday.

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FAIVM Seeks Regulation For Banks' Recovery Agents

The income of small businesses and middle class of society has been greatly affected and default has started coming in installments or interest on loan provided by banks or private lenders.

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Loans Worth Rs 1 Lakh Crore Disbursed Under ECLGS To Offset COVID-19 Distress

Private sector banks have sanctioned loans of Rs 74,715.02 crore of which Rs 45,762.36 crore has been disbursed.

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RBI Says Investors Will Need Approval To Buy 5% In Banks

RBI said on Thursday investors seeking to buy at least 5 percent in shares or convertible debt of a private sector bank in the country will first need to obtain its approval, as it seeks to tighten the criteria for ownership of lenders.

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