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November 12, 2025

By Victor Mather from NYT Business https://ift.tt/vTIjsPN
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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

Tamilnad Mercantile Bank to focus on phygital platform, network expansion: MD&CEO

September 15, 2022

The Tamil Nadu-based bank's Managing Director and CEO S Krishnan who recently assumed office said retail, agriculture and micro, small and medium enterprises (RAM) segments would be the focus areas as this vertical comprises 88 per cent of the bank's exposure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Iak2dgJ via IFTTT

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