RBI slaps penalties on Axis, IDBI Bank
Business | April 08, 2022 20:18 ISTA monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release.
A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release.
The CBI raided 9 places including Mumbai, Nagpur, Chhattisgarh, and recovered all the evidence and documents from the house office of the accused persons.
IDBI recruitment exam 2021 is going to be held on September 5. Admit card for the same was released on August 26.
There are in total 920 executive posts, and the contract will be for a period of one year and can be extended to 2 years depending on the performance. Apply till August 18 at idbibank.in
The central government and LIC together own more than 94 per cent equity of IDBI Bank.
The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in future foray into the market of e-gift cards, LIC CSL said in a statement.
IDBI Bank on Wednesday announced video-based customer identification process, in line with the RBI's decision to allow banks to accept the method due to the coronavirus posed challenges to the economy.
The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.
The accused had opened, at least, 10 fake accounts in various banks including the Axis Bank, ICICI, IDBI, and IndusInd bank and applied for loans in HDFC Bank and Bajaj Finance.
Finance Minister Nirmala Sitharaman's plans to divest government control of large companies such as Air India and Bharat Petroleum Corp Ltd failed to make much headway in the current fiscal year because of the pandemic.
The Central Bureau of Investigation (CBI) has today filed a chargesheet before Special Judge for CBI cases, Mumbai against 24 accused including a private company based at Mumbai, its director, Chartered Accountant, then officials of Indian Overseas Bank, Directors/proprietor of associated companies/firms etc for causing an alleged loss of Rs 297.80 crore (approx) to the bank.
The RBI has turned down the proposal of Muthoot Finance to acquire IDBI Bank's mutual fund business, saying sponsoring a mutual fund is not in consonance with the activity of an operating NBFC.
Listing of Life Insurance Corporation (LIC) and sale of government's stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic, news agency PTI reports quoting sources.
Turning the corner, IDBI Bank on Saturday posted a profit of Rs 135 crore for the March quarter on account of recoveries from bad loans. The lender reported a profit after 13 straight quarters of net losses.
The government will protect the interest of policyholders of LIC, which is likely to go public in the next financial year, Minister of State for Finance Anurag Thakur has said.
As many as four lenders, including State Bank of India and Punjab National Bank, on Thursday, offloaded Jindal Stainless Ltd shares worth nearly Rs 94 crore in open market transactions. The other lenders that sold shares of the firm are Allahabad Bank and IDBI Bank.
IDBI Bank SO Recruitment 2019 | IDBI Bank has invited applications for eligible candidates to recruit for 61 posts of Specialist Officer. Aspirants can visit the official website of IDBI bank -- idbibank.in for registration, application and more details.
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