Big Relief for Federal Bank: Income Tax Department Approves Rs 686 Crore Refund
Federal Bank is going to receive Rs 686 crore from the Income Tax Department as a tax refund. This tax refund is related to...
Indian Banks To Adopt Fixed Monthly Payment System to Manage ATMs, Ending Per-Transaction Charges
Indian banks are changing the way they pay companies that manage their ATMs. Earlier, banks used to pay these companies based on the number...
Ramesh Iyer joins Kotak Mahindra Bank as Independent Director; Ashok Gulati set to retire...
Kotak Mahindra Bank has made changes to its Board of Directors. The bank informed the stock exchanges that during its board meeting on February...
RBI Simplifies Loan Process: Drops ‘No Dues’ Certificate Requirement
The Reserve Bank of India (RBI) has proposed new rules under the Lead Bank Scheme to make it easier for people and businesses to...
Govt Orders Banks to Release PLI Despite CLC Advice
Recent reports indicate the Indian government, through the Department of Financial Services (DFS), has directed public sector banks (PSBs) to proceed with crediting Performance...
RBI Proposes New Rules to Prevent Mis-selling of Financial Products by Banks
The Reserve Bank of India (RBI) has proposed new rules to stop banks from mis-selling financial products like insurance and mutual funds. Mis-selling means...
Kotak Mahindra Bank CTO Quits Within a Year Amid Frequent Top-Level Exits
Bhavnish Lathia has resigned from his job as Chief Technology Officer (CTO) of Kotak Mahindra Bank less than one year after joining. He said...
Blackstone Cleared to Invest Up to 9.99% in Federal Bank After RBI Approval
Federal Bank has got permission from the RBI to let Blackstone, a big global investment company, buy nearly 10% of the bank. Blackstone will...
IndusInd Bank Set to Hire Piramal Finance Retail Lending Chief
Jagdeep Mallareddy, who is currently the head of retail lending at Piramal Finance, will soon join IndusInd Bank. He will be in charge of...
Axis Bank Places Bid to Acquire 66.28% Stake in CreditAccess Grameen
Axis Bank is planning to buy CreditAccess Grameen, which is one of India’s largest microfinance companies. The main owner of the company, CreditAccess India...
