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RBI APPROVAL
RBI approves Carol Furtado as interim CEO at Ujjivan Small Finance Bank after Sanjeev Nautiyal's exitUjjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of M...- Ujjivan Small Finance Bank CEO & MD Sanjeev Nautiyal steps down on health groundsUjjivan Small Finance Bank's MD and CEO has resigned citing health reasons. The board accepted the early retirement and appointed Carol Fur...
- School assembly news headlines for September 2: Top India, world, sports and business updatesSchool assembly news headlines for September 2: Stay updated with the latest national, international, sports and business developments maki...
- HDFC Bank CEO Jagdishan’s refusal to overhaul bank fueled surprise exit as chairman pushed for changesHDFC Bank CEO Sashidhar Jagdishan will depart after his term ends next month. New chairman Rajiv Kumar sought aggressive changes and execut...
- Niyo to acquire Capital India’s RemitX forex business for Rs 11.4 croreThe transaction will be undertaken through Kanji Forex, Niyo’s wholly owned subsidiary, and will also bring the RemitX brand and more than ...
- New trade rules raise compliance worries for banks over cross-border paymentsAs of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the valid...
- NIPL and Uzbekistan's HUMO sign agreement enabling Indian travelers' seamless transactionsNPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travellers can now use UPI-enabled apps t...
- HDFC Bank shares gain 3% as CEO Jagdishan rejects new term; Morgan Stanley, Jefferies, others weigh inHDFC Bank share price rose up to 3% on Monday after the lender's Managing Director and CEO Sashidhar Jagdishan opted against reappointment,...
- HDFC Bank weighing deputy MD Bharucha, outsider for CEO: ReportHDFC Bank is considering Kaizad Bharucha as a potential next CEO. The bank is also seeking an external candidate for the top position. This...
- HDFC Bank shares after Jagdishan: What lies ahead for the country’s largest private lender?HDFC Bank's CEO Sashidhar Jagdishan plans to retire in October 2026 following a major merger, leaving investors eager for details on his su...
- HDFC Bank CEO Sashidhar Jagdishan to step down in OctoberEnding all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the suc...
- NRI selling inherited property in India? Agricultural land, farmhouse, and plantation property have stricter sale and repatriation rulesNon-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of ...
- India to pitch central bank digital currencies to BRICS partners at meetThe global grouping celebrates 20 years at the New Delhi summit on September 12-13. A high-level meeting would be held next week to thrash ...
- HDFC Bank's CEO call gains urgency as Sashidhar Jagdishan's term nears endThe timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended a fresh three-year term for him on...
- Banks, FIU-IND work on sharper framework to flag money mule accountsBanks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by th...
- Sebi proposes merchant banker exemption for small-value private debt issuesSebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move a...
- Lenders may turn to OFCB route to raise more funds abroadIndian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic...
- RBI working to give banknotes in your pocket a longer lease on lifeThe RBI is exploring ways to extend the life of banknotes, including surface coatings and polymer notes for lower denominations, Deputy Gov...
- Fino Payments Bank board extends tenure of interim CEO by another three monthsFino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD and CEO will continue. This extens...
- LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to...
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