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Mumbai: Dhanlaxmi Bank has informed the stock exchanges that the RBI has approved an extended term for J K Shivan, MD & CEO of the bank, until his successor assumes office. Shivan’s term was to end this month.The bank’s board has approved a panel of candidates for the MD&CEO position. In adherence to existing RBI … Continue reading “RBI grants extension to Shivan at Dhanlaxmi Bank until new CEO takes charge”
Bengaluru-based fintech Slice-backed North East Small Finance Bank (NESFB) has recently revealed the appointment of Satish Kumar Kalra as its interim managing director (MD) and chief executive officer (CEO). This significant move comes as part of the ongoing merger process between Slice and NESFB, marking a unique development in the fintech and banking space. … Continue reading “RBI Grants Approval For Satish Kumar Kalra As MD & CEO Of Slice-Backed North East SFB”
In a move that has sent ripples through India’s digital finance sector, the Reserve Bank of India (RBI) has granted Paytm Payments Bank Ltd (PPBL) a 15-day reprieve, pushing the deadline to halt certain banking operations to March 15, 2024. Despite this extension, the future of PPBL’s wallet and FASTag services remains shrouded in uncertainty, … Continue reading “RBI Grants Paytm Payments Bank Ltd a 15-Day Reprieve Amid Regulatory Scrutiny”
Mumbai: Dhanlaxmi Bank has informed the stock exchanges that the RBI has approved an extended term for J K Shivan, MD & CEO of the bank, until his successor assumes office. Shivan’s term was to end this month.The bank’s board has approved a panel of candidates for the MD&CEO position. In adherence to existing RBI … Continue reading “RBI grants extension to Shivan at Dhanlaxmi Bank until new CEO takes charge”
Bengaluru-based fintech Slice-backed North East Small Finance Bank (NESFB) has recently revealed the appointment of Satish Kumar Kalra as its interim managing director (MD) and chief executive officer (CEO). This significant move comes as part of the ongoing merger process between Slice and NESFB, marking a unique development in the fintech and banking space. … Continue reading “RBI Grants Approval For Satish Kumar Kalra As MD & CEO Of Slice-Backed North East SFB”
News Update ByStartupStory | December 26, 2023 Slice-backed North East Small Finance Bank (NESFB) in Bengaluru has appointed Satish Kumar Kalra as its interim MD and CEO, gaining approval from the bank’s board and the Reserve Bank of India. Kalra, a banking veteran with over four decades of experience, is set to drive the entity’s future. … Continue reading “RBI Approval Granted: Former Andhra Bank Executive Named Slice’s MD & CEO”
Slice-backed North East Small Finance Bank (NESFB) in Bengaluru has appointed Satish Kumar Kalra as its interim MD and CEO, gaining approval from the bank’s board and the Reserve Bank of India. Kalra, a banking veteran with over four decades of experience, is set to drive the entity’s future. “The approval from the board and … Continue reading “RBI Approval Granted: Former Andhra Bank Executive Named Slice’s MD & CEO”
Story continues below Advertisement A report by the Reserve Bank of India (RBI) on the Finances of Panchayati Raj Institutions on January 24 said panchayats should cut the dependence on grants and raise resources by deploying the tax and non-tax instruments available to them. This will help the Panchayats to improve the quality of their services … Continue reading “Panchayats should cut dependence on grants, raise resources using other instruments: RBI report”
SummaryCurrently, Quant Mutual Fund, an arm of Quant Money Managers, holds around 4.68% stake in RBL Bank. The RBI approval has been granted to buy an aggregate holding of up to 9.98% in RBL Bank within a specified timeframe ending by May 12, 2025.RBL Bank shares gained up to 3% on Tuesday, May 14, after … Continue reading “RBL Bank shares rise on RBI nod to additional stake acquisition by Quant Money Managers”
The Reserve Bank of India (RBI) has given its nod to HDFC Asset Management Company (AMC) to acquire up to 9.5% stake in Karur Vysya Bank, the bank said on Thursday in a filing to the exchanges. However, the RBI approval is with a caveat that HDFC shall not exceed its holding in the bank … Continue reading “karur vysya stake sale: HDFC AMC gets RBI nod to acquire up to 9.5% stake in Karur Vysya Bank”
