The Reserve Bank of India has identified State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks. These institutions will continue to require additional common equity tier 1 capital ratios of 0.8%, 0.4%, and 0.2% respectively, effective from April this year.
The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription.
IBJA has launched a self-regulatory division to bring governance, transparency and consumer protection to the fast-growing digital gold industry after Sebi warned that such products lack regulatory oversight. The framework will include audits, standards, disclosures and strict compliance rules.
