NBFCs accounted for another 6.85% and other MFIs account for 1.05% of the universe, the report said
Currently, SBI holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly-owned subsidiary, Amundi India Holding
With regard to nomination by holders of physical securities, Sebi said nomination form will be sent out to the security holder accounts in two phases
The state-run insurer holds 4.95% of the total issued and paid-up capital of the bank
According to the data from RBI, scheduled commercial banks have installed 2,13,145 ATMs (Automated Teller Machines) up to September 2021
The rate reduction has been more than 100 basis points for private sector banks
This may continue as a minimum of 40% of the paid-up voting equity share capital of the bank for the first five years.
The total outstanding amount that wilful defaulters owe to banks stood at ₹6.85 lakh crore as of in June
Under the third round of financial inclusion programme, the Centre wants to make banking facilities available within 5 km of habitats
Central bank working on comprehensive norms that will also deal with corporate ownership of lenders