Syndicate Bank has three-percentage-point higher capital compared to the minimum requirement.
The oldest is Kolkata-based Allahabad Bank, which is also the oldest joint stock company in India.
New-age insurer Digit Insurance has made it viable to provide a cover to such small businesses by automating the underwriting process.
This year’s June travel spend accounted for 42% of the foreign exchange purchased by Indian individuals.
The central bank is looking at applying concentration risk norms — similar to banks — to the finance companies.
RBI Gov Shaktikanta Das said that the days of ‘light touch’ regulation for NBFCs were over, indicating they will be subjected to the same rules as banks.
The hike in investment to state government bonds could also be on account of a flight to safety from private bonds.
RCom has been asked to pay over Rs. 12.2 lakh for failing to follow reasonable security practices before issuing a sim card which lead to an online crime.
The government has been forced to infuse funds after PSU banks reported collective losses from FY16 to FY19 totalling Rs 1,64,474 crore.
The finance bill proposes to replace the section that says “there will be four companies” with “there will up to four companies”.
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