New Delhi, April 3 The Reserve Bank of India (RBI) has granted approval to Dubai-based Emirates NBD Bank to acquire up to 74% stake in RBL Bank, paving the way for the bank to become a foreign lender.The approval from the RBI came on April 1, with a validity of one year, RBL Bank said in a...
acquisition
bankingregulationact
chapter iv of rbi directions
emirates nbd bank
fema 1999
financial institutions
foreign banks
india
investment agreement
rbl bank
regulatory approvals
reserve bank of india
securities and exchange board of india
shareholding
subsidiary mode
Jammu, April 2 The money of depositors in the Jammu and Kashmir State Cooperative Agriculture and Rural Development Bank is safe, Cooperative Minister Javid Ahmad Dar said on Thursday, noting that the process to appoint a liquidator is underway following an alleged embezzlement of Rs 181 crore...
bankingregulationact
cooperative bank
cooperative minister
cooperative societies act
embezzlement
financial distress
financial investigation
government guarantee
jammu and kashmir
legislative assembly
liquidation
registrar of co-operative societies
state cooperative agriculture and rural development bank
state government
New Delhi, March 30 The income tax department said on Monday that "banking companies" governed by the provisions of the Banking Regulation Act, 1949, will deduct TDS (Tax Deducted at Source) on interest income exceeding the prescribed threshold.Under the Income Tax law, tax is to be deducted...
banking companies
bankingregulationact
citizens
financial year
income tax
income tax act
interest income
post office deposits
section 402
section 51
senior citizens
tax deducted at source (tds)
tax law
tax threshold
x platform
Kolkata, February 26 The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99 per cent in Bandhan Bank, according to a regulatory filing on Thursday.Bandhan Bank informed stock exchanges that the RBI, through a letter dated February 25...
bandhan bank
bankingregulationact
equity investments
financial regulations
foreign exchange management act
nse
rbi (commercial banks acquisition)
regulatory filings
reserve bank of india
sbi mutual fund
securities and exchange board of india
share acquisition
shareholding limits
stock exchange