RBI caps terms for MDs, CEOs at private banks
RBI has recently capped the tenure of Chief Executive Officers (CEOs), Managing Directors (MDs) and Whole-Time Directors (WTDs) of private
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banks
Banks, NBFCs will have to appoint auditors for continuous 3-year period: RBI
RBi has recently issued guidelines for appointment of statutory auditors for banks, and Non Banking Financial Companies (NBFCs), including housing
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Banks asked to curb work hours from 10 a.m. to 2 p.m.
Faced with the unabated rise in COVID-19 infections as the second wave, the Indian Banks’ Association (IBA) has advised the
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Gujarat banks slashed work hours, running with 50% staff
The State Government of Gujarat has allowed the banks to function with 50% staff till April 30, and also reduced
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Banks nudge employees for RT-PCR tests every 2 weeks
As the Government is yet to prioritize bankers for COVID-19 vaccination, lenders are advising employees to undergo RT-PCR tests every
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Banks fear another wave of defaults as curbs begin due to COVID-19 second wave
Banks, bruised by the pandemic in 2020, are bracing for more pain as the second wave of the COVID-19 pandemic
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Indian banks may take a Rs. 7,000 crore hit
Compound interest refunds for loans above Rs. 2 crore during last year’s moratorium will cost Indian lenders over Rs. 7,000
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COVID-19 second wave heightens risks for Indian banks
According to Fitch, the second wave of COVID-19 infections poses increased risks for India’s fragile economic recovery and its banks.
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RBI raises accounts limit of payment banks to Rs. 2 lakh
RBI has recently increased the maximum end of day balance for payment banks to Rs. 2 lakh from Rs. 1
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Supreme Court order on interest waiver: PSU Banks may have to take Rs. 2,000 crore
Public sector lenders may have to bear a burden of Rs. 1,800-2,000 crore arising due to a recent Supreme Court
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