Bharat Pe and Centrum Group are among four groups which have made the submissions to the Reserve Bank of India (RBI) for the acquisition. Meanwhile, both Bharat Pe and Centrum will hold equal stakes in the venture

Permission has been sought even though RBI has placed curbs on lending by scheduled commercial banks to companies they lend up to a certain limit. RBI's response is awaited

Permission has been sought even though RBI has placed curbs on lending by scheduled commercial banks to companies they lend up to a certain limit; RBI's response is awaited

The Reserve Bank of India (RBI) took control of PMC last September after it was accused of fraud and concealing non-performing loans

The court on May 28 had asked the Centre, the RBI and PMC Bank to appreciate the difficulties faced by the depositors on withdrawals during COVID-19 pandemic.

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Lockdown in india latest updates: The task force, comprising of doctors from both private and government hospitals, will guide doctors who are treating COVID-19 patients and help them handle the issue better

The spread of coronavirus is not just a medical challenge; it poses an equally serious economic threat

They have taken big strides, particularly in retail and SME finance

Coronavirus in China: Investors now await PMI readings out of major euro zone economies due later in the day, which are also expected to point to declining activity

Experts in the sector expect more small finance bank licences getting issued and the sector emerging as market-driven having listed entities

Placing Lakshmi Vilas Bank under the prompt corrective action framework cannot be construed as RBI having made up its mind on the lender's merger proposal with Indiabulls Housing, governor Shaktikanta Das said Friday

PMC Bank crisis: The complaint names the bank's Chairman Waryam Singh and its Managing Director Joy Thomas, along with other bank officials, and accuses them of criminal breach of trust, forgery and falsification of records.

Lack of competitiveness, paucity of risk capital, infrastructure issues and a strong rupee are preventing exports from taking off

Acharya's resignation could be an indication that some differences still continue to exist between the apex bank and government in terms of decision making. He was, after all, seen as the last man in RBI vociferously batting for autonomy.

The RBI Tuesday removed the three banks from its prompt corrective action (PCA) framework.

Private sector Dhanlaxmi Bank too has been taken out of the Prompt Corrective Action (PCA) Framework.