Snapdeal IPO: GMP, price band among 10 things to know about AceVector public offerAceVector, the parent company of Snapdeal, will launch its IPO on September 25 with a price band of Rs 30–32 per share. The issue comprises...
He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-sellingIRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old cus...
₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...
SBI customer alert: UPI services to remain unavailable for 45 minutes on September 4; check timingsState Bank of India UPI services will be unavailable for a short duration this week. Customers should note the scheduled maintenance period...
Bima-ASBA facility will eliminate unauthorised deductions, say insurance sector playersIrdai's implementation of Bima-ASBA for insurance premium payments will enhance transparency and security by blocking the premium amount un...
Irdai asks insurers to provide ASBA facility for premium paymentsInsurance regulator Irdai mandates life and health insurers to implement the Bima-ASBA facility, enabling policyholders to block premium am...
NSE to roll out ASBA facility for secondary market trade in equity cash segment from January 1The facility is based on the blocking of funds for trading in the secondary market through UPI, and initially, the facility will be optiona...
Sebi working on ASBA-like facility for secondary market transactions as wellSpeaking at the Global Fintech Fest here, Buch said in an initial public offering (IPO), the Application Supported by Blocked Amount (ASBA)...
ASBA applications to be processed only after blocking of money in investor's bank accountsThis will be applicable for all categories of investors -- retail, qualified institutional buyers, non-institutional investors and other re...
ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve BankThe Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process ASBA (Appli...
Now you can't apply for public issue of shares without ASBA: Here's how it worksFrom January 1 this year, SEBI has made payment via ASBA mandatory to apply for any public issue of equity shares. Here's how you should go...
Sebi puts in place new form for ASBAWith a checklist regime kicking in for IPOs, capital markets regulator Sebi today put in place a new form for ASBA (Application Supported b...
Know all about Asba in public issuesAsba is an optional facility for applying to public issues. Under this mode, the investor directs his bank to block an amount equivalent to...
- RBI allows FIIs to hedge investments under ASBA route
The Reserve Bank allowed foreign institutional investors to hedge foreign currency risks arising out of investment in IPOs made through ASB...
- ASBA option for Initial Public Offer
To avail of the facility, you need to give an authorisation to block your application money in the bank account for subscribing to the IPO.
- Brokers deny ASBA facility to IPO investors
The implementation of Application Supported by Blocked Amount might see setbacks from broker apathy.
- Query corner- ASBA
Application Supported by Blocked Amount (ASBA) refers to an application mechanism for subscribing to initial public offers (IPO).