The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18.
However the regulator abstained from penalising the foreign insurer.
There has been significant progress on the amalgamation including approvals from the Boards of the banks.
Breather for public sector banks post-amalgamation.
Like in IL&FS, a similar procedure will have to be followed: Khuntia
The minimum paid-up voting equity capital or net worth requirement has been set at Rs 200 crore, up from Rs 100 crore as set earlier.
Banks will have to take a call and then come to the regulator with a road map on what they want to do: official.
AIBEA says banks waste a huge sum on this.
SFBs have made good progress on deposit mobilisation.
Insurers will not be allowed to promote products or services of any particular third party service provider.