RBI bars Kotak Mahindra Bank from onboarding customers online and issuing new credit cards
According to a press statement released by the Reserve Bank of India (RBI), the banking regulator has prohibited Kotak Mahindra Bank Limited from onboarding new customers via digital means and from issuing new credit cards.
RBI Approves the Appointment of Anil Sharma as Chairman of Equitas Small Finance
The Reserve Bank of India has approved the appointment of Anil Kumar Sharma, former Executive Director of RBI, as part-time Chairman of Equitas Small Finance Bank Limited for three years, with effect from April 25, 2024, following the completion of the tenure of current Chairman Arun Ramanathan on A
Penalties Imposed on DCB and Tamilnad Mercantile Bank by RBI
The Reserve Bank of India (RBI) fined DCB Bank and Tamilnad Mercantile Bank on Tuesday for non-compliance with the "interest rate on advances."
RBI Re-appoints Ajay Kanwal as MD & CEO at Jana Small Finance Bank
The Reserve Bank of India has approved the reappointment of Ajay Kanwal as Managing Director and Chief Executive Officer (CEO) of Jana Small Finance Bank Limited for 3 years, with effect from March 21, 2024.
Bank’s Non-Executive Directors Remuneration Increased by RBI
The Reserve Bank of India (RBI) has raised the remuneration ceiling for Non-Executive Directors of banks up to 30 lakh rupees per year from 20 lakh annually previously.
Utkarsh Small Finance Bank Recommends Reappointment of Govind Singh’s as MD & CEO to RBI
The Board of Directors of Utkarsh Small Finance Bank Limited subject to approval of Reserve Bank of India (RBI) and shareholders recommended the reappointment of Govind Singh as the Managing Director and CEO, for a period of three years with effect from September 21, 2024.
RBI Appoints Achuthan Kutty as MD & CEO of DCB Bank
The Reserve Bank of India (RBI) has approved the appointment of Praveen Achuthan Kutty as the Managing Director and CEO of DCB Bank for a period of three years, with effect from April 29, 2024.
Framework Issued by the RBI for Fintech Self-Regulation
A draft framework has been issued by the Reserve Bank of India (RBI) for self-regulatory organisations focusing on the fintech sector (SRO-FT).
RBI asks Federal Bank to submit fresh names for CEO
The Reserve Bank of India (RBI) has asked the Federal Bank, a private sector lender, to submit a fresh proposal including at least two fresh names for the position of Managing Director and Chief Executive Officer (MD and CEO).
C.S. Rajan’s Appointment as Chairman of Kotak Mahindra Bank Approved by RBI
C. S. Rajan has been appointed as part -time Chairman of Kotak Mahindra Bank with effect from January 1, 2024, for a term of two years.
