Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.
IDBI Bank Falls After RBI Slaps Penalty
Gold Silver Reports (GSR) – IDBI Bank Falls After RBI Slaps Penalty — Shares of the government-owned lender extended decline to second day and fell as much as 3.2 percent to Rs 69.80. The Reserve Bank of India slapped a penalty of Rs 3 crore on the bank for non-compliance of bad …