Meanwhile, the government has borrowed nearly Rs 13 trillion from the market in 2020-21. Apart from that, the Centre is also planning to borrow more than Rs 12 trillion in the current Fiscal Year (FY) 2021-22.
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HDFC Life will acquire 100 per cent stake in Exide Life Insurance from Exide Industries via issuance of 8,70,22,222 shares at an issue price of Rs 685 per share and a cash payout of Rs 726 crore aggregating to Rs 6,687 crore.
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A consortium of London-based Kalrock Capital and a UAE-based businessman last year agreed to pump in 10 billion rupees as working capital and give funds to creditors of Jet, which was hit hard due to piling up debt in 2019.
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Now merchants or sellers can utilize the ‘UPI Voucher’ function on the Mswipe Merchant Application to accept prepaid e-RUPI based payments from customers.
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The Reserve Bank of India also clarified that, “it has been observed” that all the banks don't recognize grants of the share-linked compensation as an expense in their records of account simultaneously.
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In its Master Direction on 'Financial Statements - Presentation and Disclosures' issued for 'all banks', the Reserve Bank of India (RBI) has outlined a detailed format of preparation of financial statements. RBI has also warned banks to stay away from 'window dressing' the financial positions.
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The PMJDY scheme, which completed seven years of its implementation on Saturday, witnessed a rise of 6.38 times in total deposits under these registered accounts.
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The Department of Financial Services, through a notification on August 26, has also extended the term of office of Ashok Srivastava, executive director of Central Bank of India, the lender said in a separate filing.
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The Central Bank has simultaneously imposed a penalty of Rs 1 lakh on Delhi Nagrik Sehkari Bank Limited, New Delhi, citing non-compliance with several guidelines issued by the RBI.
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The lender managed to get final pricing of 3.7 percent on the coupon as against the initial guidance of 4.125 percent.
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