Page 59 - Aathira Varier

Bajaj Finance to raise Rs 10,000 crore via QIP, preferential issue

Out of the total, Rs 8,800 crore will be raised via QIP and the remaining Rs 1,200 crore will be via preferential allotment of shares to Bajaj Finserv

PNB, RBL, Jammu & Kashmir Bank reports robust growth in advances for Q2

PNB saw a rise in advances to Rs 1,308,719 crore, marking a 9.70 per cent increase from Rs 1,193,501 crore in the second quarter of FY24 compared to the same period in FY23

IndusInd Bank launches digital banking app, aims 10 mn customers in 3 years

The app boasts a transparent rewards programme, wherein users can select their favourite brands from leading e-commerce platforms

Bajaj Allianz gets Rs 1,010 crore tax demand from GST intelligence

The notice claims that the general insurer has not paid GST on reinsurance premium, despite receiving commissions from co-insurance companies

Insurance industry lacks human capital in administration: Irdai member

He further said that the lack of skilled professionals has affected the Assets under Management (AUM) of these companies

Banks to continue accepting Rs 2,000 note till October 7, says RBI

From October 8 only RBI Issue Offices to accept the notes

Customers can now choose from multiple card networks from October 1

As per the notification, the card issuers must issue cards across more than one network and give their customers the option to choose from them

IFC gets approval from RBI to raise stake in Federal Bank to 9.7%

IFC currently holds a 1.34 per cent stake in the bank

ICICI Lombard says it has got Rs 1729 cr tax demand from GST Intelligence

General insurer says it will file a response to the notice based on advice from its tax advisors

Credit card spending among Indians rises 2.67% to Rs 1.48 trn in August

The transactions at PoS increased by nearly 6.7 per cent to Rs 52,961 crore whereas e-commerce payments jumped to Rs 95,641 crore

Yes Bank appoints Manish Jain as country head of Wholesale Banking

Jain succeeds Ravi Thota, who resigned in August, citing personal and professional reasons

Avg ticket size on UPI dips 10%, rises 22.6% on cards in H12023: Report

The ATS of P2M transactions dipped 21 per cent from Rs 839 in H1 2022 to Rs 659 in H1 2023

RBI imposes monetary penalty on SBI, Punjab & Sind Bank and Indian Bank

Punjab & Sind Bank has to pay a fine of Rs 1 crore for failing to comply with regulations

ICICI Lombard General Insurance appoints Sanjeev Mantri as MD & CEO

He will take over from Bhargav Dasgupta, who will be officiating his duties until the close of business hours on 30 November 2023

LIC to challenge Rs 290 cr GST bill issued by Bihar tax authority

LIC gears up to appeal against a hefty GST demand exceeding Rs 290 cr, encompassing penalties and interest

Bhargav Dasgupta steps down as MD & CEO of ICICI Lombard General Insurance

Dasgupta, who was appointed as the MD & CEO of the general insurer in May 2009, served the company for over 14 years

Combatting cybercrime key element in nurturing trust: RBI Dy governor

The Deputy Governor held a meeting with heads of the Customer Service Committee of the Board, managing directors, executive directors in charge of customer service verticals

RBI allows HDFC AMC's stake acquisition in DCB Bank, Karur Vysya, 2 others

Federal Bank, Karur Vysya have to ensure that acquisition does not exceed 9.5% of their paid-up share capital

Fino Payments shares recover after 'funds misappropriation' allegation

Lender says action by some employees will not impact it; conducts internal investigation

HDFC shares fell after management indicates asset quality, margin pressure

HDFC Bank said the gross non-performing asset ratio has increased to 1.4% from 1 July, following the merger, as compared to 1.2% of HDFC Bank's as of end of the first quarter