All posts tagged: bank

RBI plans easier rules for bank stake acquisition | Business News

RBI plans easier rules for bank stake acquisition | Business News

Published by Parlour News

2 min readMumbaiJul 15, 2026 01:20 AM IST The Reserve Bank of India (RBI) has proposed to grant a one-time approval for future acquisitions of major shareholding in a bank to eligible mutual funds, insurance companies and pension funds if their stakes fall below 5%. Once such approval is granted, these institutions will not need to seek RBI approval every time they re-acquire a stake of up to 10%, provided they continue to comply with all regulatory conditions and the approval has not been revoked, the RBI said in the draft Reserve Bank of India (Commercial Banks — Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026. Under the existing 2025 Master Direction, if an institution’s holding falls below 5% and it later wishes to increase it again to a major shareholding, they must seek fresh RBI approval. This requirement ensured continuous monitoring, and also resulted in repeated regulatory approvals for large institutional investors. The objective of this revision is apparently to simplify the approval process for institutional investors while maintaining regulatory oversight …

KAU organises financial literacy programme for farmers in collaboration with RBI and lead bank

KAU organises financial literacy programme for farmers in collaboration with RBI and lead bank

Published by Parlour News

The Department of Banking & Finance Management, College of Co-operation, Banking & Finance Management, Kerala Agricultural University, has organised “Dhanapadham,” a financial literacy programme for farmers. The programme was held at the Green Army Training Centre, Athani, Thrissur, in collaboration with the Reserve Bank of India (RBI), Thiruvananthapuram, and the Lead Bank Office, Canara Bank, Thrissur district. The programme was conducted as part of the Experiential Learning Programme of the final-year B.Sc. (Hons.) Co-operation & Banking students with the objective of disseminating financial literacy among farmers, particularly in the areas of digital banking, farmer-centred credit schemes, and safe financial practices. As part of the Experiential Learning Programme, the students actively engaged with the farmers using Participatory Rural Appraisal (PRA) techniques to understand their financial awareness, banking practices, and credit requirements. The interactions enabled the students to gain practical insights into the financial needs and challenges faced by the farming community while facilitating knowledge exchange between the participants and experts. A financial literacy skit presented by the Experiential Learning students was one of the highlights of …

SC freezes bank accounts of real estate firm, directors; issues warrants against its officials

SC freezes bank accounts of real estate firm, directors; issues warrants against its officials

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In a stinging rebuke of the “brazen disregard” shown by Haryana-based Parsvnath Developers towards homebuyer rights, the Supreme Court on Monday froze the bank accounts of the real estate firm and its directors, and issued bailable warrants against the company’s leadership after taking note of a 20-year struggle by senior citizens to secure possession of their homes. The Supreme Court has frozen the bank accounts of a real estate firm, directors; issued warrants against its officials (PTI) A bench headed by Chief Justice of India Surya Kant also came down heavily on Haryana authorities for their failure to enforce orders passed by the Haryana Real Estate Regulatory Authority (HRERA) against the real estate firm, saying that the case exposes serious concerns about the effectiveness of the Real Estate (Regulation and Development) Act, 2016, in securing relief for homebuyers. The bench, also comprising Justices Joymalya Bagchi and V Mohana, expressed grave concern over the “slumber” of regulatory authorities and suggested a “collusion” between the Haryana state machinery and the builder. To ensure that the builders do …

Akali Dal to screen Diljit Dosanjh’s Satluj in ‘every village of Punjab’, Akal Takht to hold event at Sutlej river bank

Akali Dal to screen Diljit Dosanjh’s Satluj in ‘every village of Punjab’, Akal Takht to hold event at Sutlej river bank

Published by Webster

The release and sudden takedown of Diljit Dosanjh‘s film Satluj has created a national debate. The film, directed by Honey Trehan, is based on the life and death of human rights activist Jaswant Singh Khalra. After the film was unceremoniously removed from Zee5 just two days after its release there, many groups and organisations across India began to host public screenings. Now, the Shiromani Akali Dal has waded into the row, saying the party will screen the film ‘in every village and corner of Punjab’. Diljit Dosanjh as Jaswant Singh Khalra in Satluj. Shiromani Akali Dal to screen Satluj across Punjab On Wednesday, SAD president Sukhbir Singh Badal wrote on X, “In every village and corner of Punjab, the SAD will screen the film ‘Satluj’ based on inhuman atrocities inflicted on thousands of innocent Sikh youth and Sikh personalities like Shaheed Bhai Jaswant Singh Ji Khalra during the Congress regime, so that our children and future generations can be thoroughly acquainted with the oppression inflicted.” Badal added in Punjabi that the film narrates the truth …

ED raids five locations to probe Trinamool bank accounts, funds for chartered flights

ED raids five locations to probe Trinamool bank accounts, funds for chartered flights

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Image used for representational purposes. | Photo Credit: Reuters   The Enforcement Directorate (ED) on Tuesday (July 7, 2026) raided five locations across Kolkata to investigate the financial transactions in the Trinamool Congress party accounts, their source of money, and the funds behind the party leadership’s chartered flight expenses.  “Searches are being conducted at five premises in the matter of alleged dishonest financial dealings, unlawful collection of money and routing of suspected funds through certain bank accounts of AITC,” sources said.  The raids were conducted on the premises of Carewell Aviation India Pvt. Ltd., a company that had received around ₹160 crore from Trinamool party accounts between April 2023 and June 2026. According to sources, Carewell Aviation Pvt. Ltd. further routed ₹82.96 crore (2023–2026) to another newly incorporated related entity.  During the raids, the ED officials have also recovered evidence that showed that around ₹112 crore was used to purchase an Aircraft Embrarer Legacy 600 and one chopper, an Augusta 109 SP. Sources revealed that foreign funding may have been used to purchase some of these assets.   The sources of the funds in the bank accounts and where the funds were then utilised are both being investigated.  Frozen bank accounts  Earlier in mid-June, …

Woman’s papers ‘illegally’ retained post loan closure, bank manager to pay Rs 2.5 lakh | Legal News

Woman’s papers ‘illegally’ retained post loan closure, bank manager to pay Rs 2.5 lakh | Legal News

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6 min readNew DelhiJul 7, 2026 09:00 AM IST A consumer commission in Kerala recently held a manager working in Federal Bank’s Pudunagaram branch liable for deficiency in service after it retained a woman’s property documents for nearly 16 months after the closure of her relevant loan accounts, and directed it to pay Rs 2.5 lakh as compensation. President Vinay Menon V, along with members Vidya A and Krishnankutty N K, was hearing the complaint filed by Shabina M A, who alleged that the Federal Bank continued to retain her property documents despite there being no requirement to keep them as security.  “After closure of ODCC 12575500472698 on 22/03/2023, the 1st opposite party (OP) (Federal Bank) retained the title deeds for nearly one year and four months. This delay is not explained by the opposite parties. When no explanations are forthcoming as to the retention of title deeds, we can only resort to a presumption that such retention was arbitrary and illegal,” the June 29 order read.  Two loans, documents withheld It was claimed by …

TPG, ICICI Bank, GIC to acquire Aseem Infrastructure Finance from NIIF | Business News

TPG, ICICI Bank, GIC to acquire Aseem Infrastructure Finance from NIIF | Business News

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3 min readMumbaiJul 6, 2026 08:41 PM IST US-based TPG, a leading global alternative asset management firm, has signed definitive agreements with the National Investment and Infrastructure Fund (NIIF) to acquire a 100% stake in Aseem Infrastructure Finance, alongside co-investors GIC of Singapore and ICICI Bank. TPG’s investment is being made through TPG Rise Climate, the firm’s dedicated climate investing platform, as part of its Global South Initiative, a strategy launched in partnership with ALTÉRRA to scale climate solutions across emerging markets. ICICI Bank will hold up to a 5% stake in the company. While NIIF and TPG did not disclose the value of the transaction, market estimates peg the deal at around Rs 5,000 crore. Headquartered in Mumbai, Aseem Infrastructure Finance is a leading sustainable infrastructure debt financier focused on renewable energy, power transmission and other infrastructure assets in India. The company was established by NIIF in 2020. NIIF, India’s sovereign-linked alternative asset manager, is the majority shareholder, while the Government of India and Japan’s SMBC are minority shareholders. Aseem has disbursed over Rs …

CBI arrests former CFO of Reliance Capital in bank fraud case | Mumbai News

CBI arrests former CFO of Reliance Capital in bank fraud case | Mumbai News

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2 min readMumbaiJul 5, 2026 12:23 AM IST The CBI has arrested Reliance Capital’s former chief financial officer (CFO) Amit Bapna in connection with the investigation into the Reliance ADA Group cases. Bapna, who served as the CFO of Reliance Capital Limited from August 2014 to December 2019, was one of the key decision-makers responsible for managing the company’s financial affairs. The CBI has so far arrested six accused, including Bapna, in the bank fraud cases linked to Reliance ADA Group. Bapna has been lodged in Tihar Central Jail since April this year after being arrested by the ED in connection with a bank loan fraud and money laundering case linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). The CBI obtained Bapna’s production warrant from a Mumbai court and secured his custody from the Tihar Jail. He was produced before the CBI Special Court in Mumbai on Saturday and remanded in the agency’s custody for four days. Bapna has been accused of facilitating and approving loans to intermediary and conduit …

Bank job alert! IBPS opens registration window for 6,715 PO, 745 SO posts — dates, fee, eligibility, how to apply

Bank job alert! IBPS opens registration window for 6,715 PO, 745 SO posts — dates, fee, eligibility, how to apply

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The Institute of Banking Personnel Selection (IBPS) kickstarted its Common Recruitment Process on Wednesday, 1 July, for a total of 6,715 vacancies for Probationary Officer (PO) and Management Trainee (MT) and an additional 745 vacancies for Specialist Officers’ Cadre posts. As many as 11 public sector banks are participating in the recruitment drive, including Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Punjab National Bank, Punjab & Sind Bank, UCO Bank and Union Bank of India. IBPS 2026 calendar The detailed notification released today provides the tentative schedule which is as follows: 1 July — Online registration opens (Allows edit/modification of application, fee payment) 21 July — Registration window closes 5 August — Last date for printing application August, 2026 — Download of call letters August, 2026 — Online Examination September/October, 2026 — Result of Online examination October, 2026 — Download of main exam call letter November, 2026 — Main online examination November, 2026 — Declaration of Result of main examination November/ December, …

HDFC Bank appoints former Chief Election Commissioner Rajiv Kumar to top position

HDFC Bank appoints former Chief Election Commissioner Rajiv Kumar to top position

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HDFC Bank’s board has moved to fill its top board position by appointing former Chief Election Commissioner Rajiv Kumar as Part-time (Non-Executive) Chairman, a step the lender says will provide stability as it readies for its next growth phase and seeks continuity at the executive level. Rajiv Kumar, 66, retired as finance secretary in 2020, later served as India’s 25th Chief Election Commissioner, overseeing 2024 Lok Sabha polls. (Reuters) “We wish to inform you that the Board of Directors of the Bank at its meeting held today i.e. on June 29, 2026… approved the appointment of Mr. Rajiv Kumar as an Additional Director (Independent Director) of the Bank for a period of 4 (four) years, with effect from June 30, 2026,” HDFC Bank said in an exchange filing on the NSE. The appointment as Independent Director is “subject to the approval of Shareholders of the Bank.” The board also approved, subject to the approval of the Reserve Bank of India (RBI), the appointment, including remuneration of Rajiv Kumar as a Part-time Chairman of the Bank …