Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
The Bank of Japan raised its benchmark interest rate to the highest in 30 years and said more increases are in the pipeline if conditions allow, in a sign of growing conviction that it can attain the stable inflation target it has pursued for more than a decade. Bank of Japan Governor Kazuo Ueda. (Reuters) […]
HDFC Bank has got the Reserve Bank’s nod to hike its stakes in another private sector lender, IndusInd Bank, up to 9.5 per cent. The RBI approval has been granted with reference to the application made by HDFC Bank (Representative image/REUTERS) “We would like to inform you that the Reserve Bank of India (RBI) vide […]
IndusInd Bank Ltd. on Tuesday said that the Reserve Bank of India has approved HDFC Bank to acquire up to a 9.50% stake in the smaller private lender. IndusInd reported its largest-ever quarterly loss in the three months ended March 31. (Mint) The Reserve Bank of India has mandated that HDFC Bank acquire a major […]
The government is not considering a proposal to increase the FDI limit for PSU banks, MoS Finance Pankaj Chaudhary said in the Parliament on Tuesday. The government’s number of shares in India’s 12 public sector banks has not declined since 2020, but the percentage stake may have reduced due to fundraising moves, MoS Finance Pankaj […]
Kotak Mahindra Bank Ltd., a house that Uday Kotak built with a little help from Anand Mahindra, has completed 40 years of operations today—from ₹30 lakh capital in 1985 to ₹4.2 lakh crore market capitalisation today. Uday Kotak, founder of Kotak Mahindra Bank. (Mint) “40 years ago today, I started a company with ₹30 lakh […]
Bollywood actor Kajol Devgan has rented out a retail space in Mumbai’s Goregaon to HDFC Bank for a total rent of ₹8.6 crore over a nine-year period, according to property registration documents reviewed by SquareYards. Mumbai real estate: Kajol had purchased the property in March 2025 for ₹28.78 crore, which she has now leased to […]
State Bank of India is supportive of another wave of mergers among public sector banks as policymakers explore ways to build scale and finance growth in the world’s fastest-growing major economy. CS Setty, chairman of State Bank of India. “Some further rationalisation might make sense. There are still some smaller, sub-scale banks,” Challa Sreenivasulu Setty, […]
IndusInd Bank Ltd. has begun a process to claw back salary and bonuses from its former chief executive and his deputy, after an internal review flagged misconduct and misreporting. The IndusInd Bank fraud relates to incorrect accounting on derivative trades that prompted a Rs-2,000 crore hit to its accounts. (Bloomberg) The IndusInd board has obtained […]
Qatar National Bank Q.P.S.C has renewed its 8,079 sq ft office space lease at Maker Maxity in Mumbai’s costliest commercial district, Bandra Kurla Complex (BKC), at a starting monthly rent of ₹62.6 lakh, according to documents accessed by Propstack. Qatar National Bank has renewed its 8,079 sq ft lease at Maker Maxity in Mumbai’s BKC […]
Mahindra & Mahindra Ltd. has sold its entire 3.5% stake in RBL Bank Ltd. at 62.5% gain, ahead of an open offer by Dubai’s Emirates NBD to acquire a majority stake in the private lender. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) […]
