Banking

It also said that the penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

According to the Reserve Bank of India, the FCNR (B) scheme allows Non-Resident Indians to open fixed deposits in foreign currencies with Indian banks.

Banks have approached the RBI seeking relaxation on the NOP diktat. Large banks' officials met with RBI officials on Saturday and conveyed their concerns on the immediate hit to profitability if the new rules are implemented from next month.

Bankers say move could lead to dent in lenders' profitability

In total, 14 holidays will be observed in April, including six weekend offs. On weekdays, banks will be closed for only eight days, with most being region specific.

The RBI is also looking to facilitate enhanced access to payment data, given the significant growth in recent years, which will also serve as a single point of access for cross-border payment data.

Currently, liquidity in the banking system is estimated to be in surplus of around Rs 48,698.38 crore as on March 26.

DBS's new ECM desk will cater to Indian corporates, financial sponsors and institutional clients.

Despite Gupta's arrest, Fino Payments Bank said it recorded highest-ever deposit balance of Rs 2,900 crore in March.

Private banks are currently struggling with elevated credit deposit ratios, while PSU lenders have stronger balance sheets and better deposit mobilisation, Vikas Khemani told NDTV Profit.

HDFC Bank has hired external law firms to review Atanu Chakraborty's shock resignation. The lender's shares have plunged 12% since his sudden departure.

As of February 28, the total outstanding credit to the commercial sector rose by 14.7%, with non-bank sources registering a growth of 15.6%.

Kotak Mahindra Bank is reportedly acquiring Deutsche Bank's Indian retail unit for Rs 4,500 crore. The move targets the nation's wealthiest urban clients.

Citi Research reports that the new CGSMFI 2.0 scheme will improve funding sentiment but strictly caps borrowing limits for large microfinance institutions.

With a disciplined, risk-calibrated approach and increasing focus on market share gains, ICICI Bank remains well-positioned to deliver consistent compounding.

HDFC Bank has fired three senior executives at its Dubai branch over alleged bond mis-selling. The move follows its chairman's sudden resignation.

Currently, the liquidity in the banking system is estimated to be in surplus of around Rs 16,875.36 crore.

Motilal Oswal believes the appointment of the new Chairman and the submission of Sashi Jagdishan's name for next CEO term will help restore investor trust.

Macquarie removes HDFC Bank from its marquee buy list following Atanu Chakraborty's exit, but maintains an 'outperform' rating and a Rs 1,200 target.

RBI issues statement on management change in HDFC Bank.