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Banks want to regain power to issue lookout notices, to move FinMin

Banks primarily issued LOCs to fraudulent borrowers and wilful defaulters - who they suspected could run off to take the residency or even citizenship of another country. However, last month, the Bombay High Court struck down the powers of chairmen, managing directors and CEOs of all public sector banks to issue LOCs on the grounds that the right to travel abroad cannot be taken away by an executive action and the powers given to bank chiefs is arbitrary and unreasonable.

New delhiMehul choksiChirag naikCentral bureau of investigationNarcotics control bureauUnion of indiaInformation technologyTribunal authorityBombay high courtEsaf small finance bankIndian telegraph actNirav modi mehul choksiCentral bureauEnforcement directorateCorporate india

ESAF Small Finance Bank Q4 Results: Total business rises 27%; NII rises 18 4%; recommends 7% dividend

ESAF Small Finance Bank Q4 Results: Total business rises 27%; NII rises 18 4%; recommends 7% dividend
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K paul thomasEsaf small finance bankFinance bankNet interest incomePaul thomas

ESAF Small Finance Bank records 27% growth in total business in Q4FY24

ESAF Small Finance Bank records 27% growth in total business in Q4FY24
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

K paul thomasEsaf small finance bankFinance bankNet interest incomePaul thomas

Up to 9% FD interest rate: Full list of banks that offer highest interest rates on fixed deposits now

The fixed deposit interest rates given by small finance banks, are higher. There are some small finance banks that are offering up to 9% interest on FDs. Book these FD now before the rates start to drop. Read here to know the FD rates offered by the small finance banks in India.

Jana small finance bankSuryoday small finance bankEquitas small finance bankBank nameUnity small finance bankUjjivan small finance bankUtkarsh small finance bankSmall finance bankUnity small financeFinance bankEsaf small finance bankAu small finance bankBank fixed depositFd rateFixed depositsInterest rates

Small isn t beautiful for small finance banks

Created in 2016 to direct loans to smaller enterprises, farmers and under-served segments, SFBs are required to mention ‘small finance’ in their names

Anand damaCeok paul thomasAu bankKerala state bankAssociation of small finance banksKerala bankSaraswat bankAu small finance bankSmall finance bankReserve bankSaraswat co operative bankKerala state co operative bankSaraswat bankKerala bankFinance bankNorth east