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June 24, 2023

By Mathew Brownstein from NYT Times Insider https://ift.tt/2LoK84g
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SBI to set up trustee company to manage corporate debt market development fund

July 18, 2023

In a regulatory filing on Tuesday, SBI said it has approved setting up the trustee company as a wholly-owned subsidiary of the bank for managing the fund. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tNG6hOQ via IFTTT

RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Coop Bank

February 28, 2024

The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. Depositors will receive deposit insurance claim amount up to Rs 5 lakh from DICGC. As on November 30, 2023, DICGC has already paid Rs 45.22 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PEzW9QB via IFTTT

Yes Bank to sell up to 10% stake to each Carlyle and Advent for Rs 8,898 cr

July 29, 2022

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/bP04Zyr via IFTTT

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