"The Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of Rs 589 million on ICICI Bank Limited for non-compliance with directions issued on direct sale of securities from its HTM (held-to-maturity) portfolio and specified disclosure in this regard," stated Central Bank
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Banks need to disclose the amount of securities they keep under the HTM segment under which the papers are held until maturity and cannot be used for intraday trading
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The penalty is for non-compliance with directions issued by the Reserve Bank of India on direct sale of securities from its HTM portfolio and specified disclosure in this regard, the RBI said in a statement on Thursday
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Here are five critical questions that you should be asking yourself right now, to help you figure things out
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The Rs 4,473-crore initial public offer of Bandhan Bank was subscribed 14.62 times during March 15-19
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The listing comes against the backdrop of two major IPOs failing to be fully subscribed in the past week. On Monday, brokerage ICICI Securities, a unit of third-biggest Indian lender ICICI Bank, was forced to scale back the size of its IPO that raised a lower-than-targeted $540 million
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Tired of all the confusing jargon that investing invariably entails wading through? Here's a simple, 15-point "cheat sheet' that'll help you stay firmly in charge of your money right now!
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After migrating from only micro-financing activity, the bank now adopted a unique model of entering normal banking services after getting the in-principle license from the RB
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