Latest Updates Around The World
Indian government bonds fell for a second consecutive week, after the ragged commentary from the US central bank Treasury returns had performed, while constant concerns about debt supply further affected the appetite of investors. The proceeds on the 10-year-old benchmark ended at 6.4885%, after a closure of 6,5139% on Thursday. The proceeds rose marginal in […]
Mumbai: Credit cards, often seen as an accurate proxy for the demand of urban consumption in India, saw additions to both the customer base and in July expenses, which reflected what some analysts described as revival in risky appetite by regular lenders. The expenditure climbed by 5.5% from June to RS 1.93 Lakh Crore, which […]
File photo: A drawing board from Sumitomo Mitsui Banking Corporation can be seen outside her branch in Tokyo | Photocredit: Yuya Shino The Japanese Sumitomo Mitsui Banking Corporation (SMBC) has received the approval of the Bank or India Reserve to acquire up to 24.99 percent of the paid share capital/ voting rights from YES Bank. […]
Private lender Yes Bank on Saturday said that the reserve Bank of India (RBI) Sumitomo Mitsui Banking Corporation (SMBC) has approved to acquire up to 24.99% of the stock capital paid and voting rights from the bank. It is important that RBI has clarified that SMBC will not be classified as a promoter of YES […]
Mumbai: Indigo and IDFC First Bank have launched a Co-Branded Credit card that will be available on both MasterCard and Rupay networks, so that customers offer wider acceptance and flexibility, including the possibility of making UPI payments via Rupay.The Indigo IDFC First -credit card is aimed at frequent travelers and comes with accelerated rewards about […]
File photo: Employees adjust the screen to an event of Indian Airline Indigo in New Delhi, India, August 5, 2024. Reuters/Priyanshu Singh/File photo | Photocredit: Priyanshu Singh Indigo and IDFC First Bank today launched the Indigo IDFC First -credit card and customers offered both MasterCard and Rupay networks via a single application. The card offers […]
The collaboration is intended to make a smarter and more connected logistics ecosystem possible Photocredit: Pankaj Nangia Gro Digital Platforms, a joint venture between commercial vehicles Major Ashok Leyland and Hinduja Leyland Finance, drew a memorandum of agreement with IDFC First Bank to launch Fastag Services for fleet owners throughout India. The cooperation is intended […]
The board of IDFC First Bank On Friday, the preferential allocation of more than 81.26 crore convertible cumulative preference shares (CCPs) approved RS 4,876 Crore, based on private placement to the investments of the Bessen Burg pincus. The decision was made in a meeting that is being held today. In principle, the bank had received […]
