Banking

SBI raises Rs 9,718 cr via infra bonds

SBI Fund Raising:- SBI said it has raised Rs 9,718 crore through its second infrastructure bond issuance at a coupon rate of 7.70 per cent per annum for the 15-year money. This is the second fund-raising since early December when...

SBI PO Prelims 2022 Result Out, SBI PO Result Direct Link And Cut Off Marks

SBI PO 2022 Prelims Result Out SBI PO 2022 Prelims Result: The SBI PO 2022 preliminary examination was successfully administered by State Bank of India on December 17, 18, 19, and 20 across the nation in multiple shifts. All applicants who...

Paytm Bank Gets RBI nod to Operate as Bharat Bill Payment Operating Unit

Paytm Payments Bank said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services...

RBI Tweaks Norms Related to Share Acquisition in Banks

The Reserve Bank of India tweaked norms related to acquisition and holding of shares in banks to ensure that their ultimate ownership and control remain well diversified and the major shareholders are 'fit and proper' on a continuing basis. The...

SMBC Bank, Oaktree Submit EoIs for IDBI’s Strategic Stake Sale

Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the strategic stake sale in IDBI Bank. Oaktree is a US alternative assets firm founded by...

NPCI Allows NRE/NRO Accounts With International Mobile Numbers To Use UPI

The National Payments Corporation of India (NPCI) has instructed members of the Unified Payments Interface (UPI) ecosystem to allow non-resident account types such as non-resident external (NRE)/ non-resident ordinary (NRO) accounts having international mobile numbers to get onboarded and transact...

SBI launched e-Bank Guarantee facility in association with NeSL

State Bank of India (SBI) has launched e-Bank Guarantee (e-BG) facility in association with National e-Governance Services Limited (NeSL). India’s largest lender said this facility will bring about a revolutionary change in the banking ecosystem, where bank guarantee is frequently...

Axis Bank Enters into Revised Pact with Max Financial Services for Acquiring Additional 7% Stake in Max Life

Private lender Axis Bank has informed the exchanges that it has entered into a revised agreement with Max Financial to acquire the remaining 7 percent stake in the latter. The parties agreed that the valuation for the right to acquire...

BharatPe Gets in-principle nod from RBI to Operate as Online Payment Aggregator

Fintech platform BharatPe said it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). The company said that an in-principle nod was awarded to Resilient Payments Private Ltd, a 100...

RBI Lists 6 Rating Agencies for Banks’ Capital Adequacy Purposes

The Reserve Bank of India (RBI) issued the list of six credit rating agencies that banks can use for the purpose of risk weighting banks' claims for capital adequacy purposes. The six credit rating agencies are Acuite Ratings & Research...