The Chinese central bank signed a cheque of Rs 15 crore in the private bank under the qualified institutional placement. China's central bank, People's Bank of China made an investment in ICICI Bank. The Chinese bank has emerged as one of the investors in ICICI Bank's Rs 15,000 crore capital raising exercise which ended last week.
A fire broke out at a branch of a public sector bank in Chhattisgarh's Bilaspur district in the wee hours of Sunday, police said.
The Reserve Bank of India is not the most powerful in terms of monetary fire power like its peers in the US and Europe but when it comes to popularity, the monetary authority is the most followed on Twitter. With the microblogging site emerging as a key platform for information dissemination, many central banks are active on Twitter, especially in these times of economic uncertainties amid the coronavirus pandemic.
The People's Bank of China has increased its stake in the lending major Housing Development Finance Corporation (HDFC) to 1.01 per cent.
Depositors have reportedly withdrawn Rs 4.5 crore from a Central Bank of India branch in Tamil Nadu since Saturday after a viral WhatsApp message claimed that an NRC document was being accepted as valid ID proof under new KYC norms
The Reserve Bank of India (RBI) included the National Population Register (NPR) letter as an officially valid document (OVD) for Know Your Customer (KYC) verification for opening bank accounts or applying for credit cards. RBI's decision has triggered panic in Central Bank of India's branch in Thoothukkudi, Tamil Nadu.
Bank ATM Transaction: In a move to put a curb on the increase in fraud in ATM cash withdrawals and ensure its safety, the Reserve Bank of India on Thursday announced new guidelines on ATM transactions.
Punjab & Maharashtra Cooperative Bank (PMC Bank), which is among the top 10 urban cooperative banks, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.
Krishna District Co-operative Central Bank Chief Executive Officer N Rangababu was arrested by the Anti-Corruption Bureau (ACB) for allegedly accepting a bribe of Rs 1,00,000 on Tuesday evening, police said.
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