The bank raises its authorized share capital to ₹1000 crore from ₹800 crore The bank will need approvals from the Reserve Bank of India and shareholders to increase the authorized capital
1 min read30 Aug 2019Parliamentary panel says such stringent norms stipulated by the RBI for banks ... is unrealistic and unwarranted
2 min read3 Jan 2019Relaxing current risk-adjusted capital norms can hurt economy, says RBI
2 min read29 Dec 2018Of the seven state-owned banks, Bank of India is likely to get the highest amount of ₹10,086 crore
1 min read27 Dec 2018Fresh capital may help as many as five banks exit the PCA framework
2 min read21 Dec 2018The government sought parliamentary approval for ₹41000 crore of new funds on Thursday
1 min read20 Dec 2018The second batch of Supplementary Demand for Grants for 2018-19 involving a gross spending of ₹85,948.86 crore was tabled by finance minister Arun Jaitley in the Lok Sabha today
1 min read20 Dec 2018The boards of IDFC Bank and Capital First met yesterday to take note of all requisite approvals and the order from National Company Law Tribunal; and approved the scheme of amalgamation.
2 min read19 Dec 2018The RBI board has decided to extend the timeline for full implementation of Basel III norms for bank capital by a year
2 min read21 Nov 2018Updates on the outcome of today’s RBI board meeting in Mumbai
8 min read19 Nov 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared