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Articles for Banking & Finance

Banks Urged To Heighten Vigilance Against Unauthorised FX Platforms

The RBI had previously introduced a framework in 2018 for the authorisation of electronic trading platforms (ETPs) for financial market instruments it regulates

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Bain Capital To Sell 1.08% Stake Worth Rs 3,575 Crore In Axis Bank

The offer price has been set within the range of 1,071.0 to 1,076.05 per share, representing a modest discount at most to Monday’s closing price of 1,076.05 per share

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IRDAI Mandates Demat Accounts For Insurance Policies: Enhancing Accessibility, Security

The insurance regulator has granted the Certificate of Registration to four entities to act as 'Insurance Repositories' authorised to open e-Insurance Accounts (eIA)

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Citigroup Purchases Bank Shares Worth Rs 222 Cr

According to BSE data, Citigroup Global Markets Mauritius acquired 66.97 lakh shares, amounting to a 1.11 per cent stake in RBL Bank

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Bain Capital Initiates $430 Mn Block Deal, Plans Exit From Axis Bank

Bain Capital made a significant investment of Rs 6,854 crore in Axis Bank in November 2017, marking one of the largest private equity investments in the Indian banking sector

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Bandhan Bank's Founder Ghosh To Step Down From Board Upon Retirement

Clarifying his sudden decision to step down, Ghosh emphasised that it was voluntary and unrelated to any involvement from the RBI

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Financial Market Reforms Aimed At Providing Strong Bedrock For Markets: RBI’s Das

Governor Das lauded the positive response to regulatory measures, noting the widening participation base across various segments

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Bajaj Finance Hikes FD Rates For Most Of The Tenures; Highest Rate Continues At 8.85%

FD rate for senior citizens is the highest at 8.85% for 42-month tenure

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