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RBI MERGER APPROVAL
HDFC Bank shares in focus as RBI approves 3-month extension for Keki Mistry as interim chairmanHDFC Bank's interim chairman, Keki Mistry, has received a three-month extension from the RBI until September 18, 2026, easing concerns abou...- HDFC Bank extends Keki Mistry's interim chairman tenure by three monthsHDFC Bank announced a three-month extension for Keki Mistry as interim part-time chairman. The Reserve Bank of India approved this extensio...
- Power finance cos turn to global markets for cheaper fundsIndian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made f...
- HDFC Bank shares drop 25% in 2026. Buying opportunity or falling knife?HDFC Bank shares have plummeted over 25% this year, driven by governance concerns following the former chairman's resignation and an intern...
- Axis Bank hikes stake in Axis Max Life Insurance to 19.9%Axis Bank has boosted its stake in Axis Max Life Insurance. The bank and its subsidiaries now hold 19.99 percent of the insurer. This move ...
- PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
- HDFC Bank's review finds no major governance concerns after chairman Atuna Chakraborty's exit, sources sayHDFC Bank's governance review is nearing completion. Law firms are expected to report no significant issues. This development paves the way...
- HDFC Bank exit spotlights board failures; from Satyam Computers to Tata Trusts, governance gaps hit corporates and nonprofits alikeCorporate and social sector boards face governance challenges. Recent events highlight the need for competent, diverse, and cohesive boards...
- PFC shares jump 5% to hit fresh 52-week high, surge 29% in April so far. What's heating up the stock?PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock ha...
- Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
- RBI clears Emirates NBD to acquire up to 74% stake in RBL Bank; lender to become foreign bank post acquisitionEmirates NBD has received RBI approval to acquire up to 74% stake in RBL Bank, making it a foreign bank post-acquisition. Voting rights wil...
- Saraswat Bank gets RBI nod for merger with NICBLSaraswat Co-operative Bank secured RBI's approval for merging with New India Co-operative Bank. The merger takes effect on August 4. Sarasw...
- Slice completes merger with North East Small Finance BankSlice said in a statement the integration will help in the creation of a technology-driven bank along with expanding operations, enhancing ...
- RBI yet to approve Lakshmi Vilas Bank-IHFL mergerThe RBI statement further noted that it would examine the proposals as per extant regulatory guidelines and directions and when it receives...
- RBI denies any approval on LVB-IBH merger for nowIt is clarified that the merger announcement does not have any approval of the RBI at this stage, the apex bank said in a late evening stat...
- Post merger with Gruh, Bandhan Bank planning OFS to reduce stake to 40%: CS GhoshWe have got RBI approval for Gruh merger and are waiting for Sebi nod, says Bandhan Bank CEO.
- India eases rules to allow merger of Indian companies with foreign firms“Until now, only inbound mergers were permitted. With outbound mergers now permissible, there would be a lot of opportunities for Indian co...
- SBI expects RBI nod on merger of associate banks soonUpon approval, RBI will submit the scheme of acquisition as approved by it to the Government of India for approval and issue of order of ac...
- RBI approves merger of BOR with ICICIIn May, both the banks agreed for the amalgamation and after getting the shareholders' approval moved RBI on June 25 for approval of the sc...
- BoR board to take merger issue to RBIThe board of Bank of Rajasthan on Thursday decided to forward the proposal of merger with ICICI Bank to the Reserve Bank of India to take a...
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