India’s financial sector is set to witness a significant development as the merger between Housing Development Finance Corporation (HDFC) and HDFC Bank, the country’s largest private sector lender, is expected to take effect from July 1st. This momentous event, aimed at creating a banking behemoth, marks a pivotal step in the consolidation of the Indian ...
In a significant development, IDFC First Bank announced on Tuesday that it has successfully raised Rs 1,500 crore through the issuance of tier-2 bonds in the domestic Indian bond market. This move aims to strengthen the bank’s financial position and fuel its growth prospects. Let’s check the details of this noteworthy development. In last week, ...
Do you Love iPhones and Apple products? You will love their Credit Cards too! You heard it right! Apple is all set to launch credit cards in India. Unlike its American counterpart, the Apple Card in India will be subject to the regulatory framework set forth by the Reserve Bank of India (RBI), which inspects ...
Market wobbles over concern of Credit Suisse and Other Banks After Switzerland-based bank UBS agreed to save another embattled Swiss lender Credit Suisse for $3.25 billion, banking stocks globally witnessed a bloodbath. The country’s regulators had asked both companies to conclude the transaction to restore necessary confidence and stability in the Swiss economy and the ...
