Banking and Financials Newsletter – August 28 to September 1, 2017

This week, “The Reserve Bank of India had issued directions on August 28, 2017, advising banks to finalise and implement viable resolution plan in select accounts by December 13, 2017, failing which insolvency proceedings would be initiated in all the accounts mentioned in the communications”.

Sep 02, 2017 09:09 IST India Infoline News Service

Top News
Canara Bank revises interest rate on savings bank deposits
Joining the league of banks revising interest rates on savings bank deposits, Canara Bank on Friday has revised its interest rate on savings bank deposits to 3.50% for outstanding balances upto Rs 50 lakh. Read more
Aditya Birla Capital Limited lists on stock exchanges
Aditya Birla Capital Limited (ABCL), formerly known as Aditya Birla Financial Services Limited, the holding company of the financial services businesses of the Aditya Birla Group, on Friday, listed on the Stock Exchanges. Read More
Axis Bank releases exposure details to defaulter accounts named by RBI
Banking major, Axis Bank has informed the bourses about its exposure to select accounts referenced in RBI directions for initiation of insolvency proceedings, if their NPAs are not resolved by mid-December. Read More

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