He noted that the merger, announced in April 2022, was made under the assumption of a stable economic environment. However, the situation quickly changed with the Reserve Bank of India (RBI ...

The Reserve Bank of India said on Monday it has superseded the board of Aviom India Housing Finance due to governance concerns and defaults in meeting payment obligations.

Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank. The boards of IDFC First Bank and IDFC have approved the reverse merger in July.

Sum of Rs 3.68 lakh crore guaranteed under ECLGS United Bank of India and Oriental Bank of Commerce were merged with Punjab National Bank; Syndicate Bank with Canara Bank; Allahabad Bank with ...

The Reserve Bank of India's (RBI) first interest rate cut in nearly five years will not be enough to spur loan growth since the tight liquidity conditions will prevent banks from passing on the ...

The marathon final hearing that has been taking place for the past few months on a huge batch of cases filed against the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Limited, in 2020 ...