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These bonds come with a call option that can be exercised after 10 years from the date of allotment

HDFC Life & Aavas Financiers Enter Into Corporate Agency Tie-up

In FY 2023, HDFC Life, known for its innovative products and customer-centric approach, has secured more than 68 million lives with an overall claim settlement ratio of 99.7 per cent

IDFC FIRST Bank Raises Rs 1,500 Cr Of Tier-2 Bonds In Domestic Indian Bond Markets

The participation for the issuance came from domestically qualified institutional investors

HDFC-HDFC Bank Merger To Be Effective 1 July: HDFC Chairman

This merger is unprecedented in India and will create a bank valued at USD 168 billion

Banks To Remain Closed On 28 And 29 June For Eid Al Adha In The Following States

Several regions will observe the closure of banks in celebration of Bakri Eid on 29 June. However, in certain states, including a few others, banks will remain closed on 28 June for Bakri Eid

Bank of Baroda Introduces Live Video Calling & Live Web Chat To Enhance Customer Service

Bank of Baroda is the first PSU bank to offer live video chat and live web chat services to its customers. bob Live Chat facility can be availed through the bank's website

EPFO Likely To Extend Deadline For Higher EPS Pension Application

Previously, the EPFO had already extended the deadline from 3 March 2023 to 3 May 2023, and then to 26 June 2023

DBS Bank India Appoints Rajat Verma As MD And Head Of Institutional Banking

Rajat was, till recently, with HSBC Bank where he was the Managing Director and Country Head of Commercial Banking, India

ICICI Bank Considers Delisting ICICI Securities On Thursday

As of the March quarter, ICICI Bank held a 74.85 per cent stake in its broking arm

Over 72% Of 2,000 Rupee Notes Are Taken To Banks: Report

Earlier, RBI announced that India will start withdrawing its highest-value currency notes from circulation, in a move that economists said could boost bank deposits at a time of high credit growth

Shepherding The Indian Economy

Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company on the deft handling of the country’s economy by the RBI amid uncertainty

Kotak Credit Funds Injects Rs 732 Crore into RattanIndia Power

The fundraising is set up to align with the anticipated generation of cash flow and lower total costs, which is in line with RIPL's improving financial profile

J&K Bank Fined Rs 2.5 Cr By RBI; Axis Bank, Bank Of Maharashtra Also Penalised

After considering the banks' responses to the notices, RBI concluded that the charges of non-compliance were substantiated and warranted the imposition of monetary penalties on these banks

Fight Against Inflation Not Over, Job Only Half Done: RBI Governor