Banking
- POLICYPOLICY · 2 min
RBI supersedes Mogaveera Co-operative Bank board under Banking Regulation Act
The Reserve Bank of India (RBI) on June 12 issued directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949, superseding the b…
12 Jun, 08:08 pm IST - FUNDINGFUNDING · 2 min
Digital Banking Startup Mercury Lands $200M At $5.2B Valuation Amid Fintech Funding Uptick
Digital banking startup Mercury has raised $200 million in a Series D funding round at a $5.2 billion valuation, the company announced Wednesday.
21 May, 12:56 am IST - POLICYPOLICY · 2 min
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) – Nagar Sahakari Bank Ltd., Etawah
The Reserve Bank of India has imposed business restrictions on Nagar Sahakari Bank Ltd, Etawah, capping withdrawals at ₹50,000 per depositor and barring fr…
18 May, 09:34 pm IST