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Karur Vysya Bank confirmed the RBI's approval, specifying that HDFC AMC must ensure its aggregate holding in the bank does not exceed 9.5% of the paid-up share capital.
The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.
BoB NZL, founded in 2008, was New Zealand's first Indian bank. It has two locations: Auckland and Wellington.
Sun Pharma, IndusInd Bank, Larsen & Toubro and UltraTech Cement were among the gainers on Sensex.
According to the bench in the Kotak Mahindra Bank case, "the high court ought not to have sat on appeal as to the sufficiency of the material and particulars placed before the commission, on the basis of which the commission proceeded to grant immunity from prosecution and penalty."
TSC Bosh, Executive Director (Infra & Logistics), REC, and PNB Chief General Manager Rajeeva signed the MoU.
NCDs are fixed-income securities listed on BSE and NSE, offering an alternative to bank and corporate FDs for investors with medium risk tolerance
The collaboration of over 25 years aims to upgrade SBG's platform with next-gen tech, enabling cloud-based critical business operations by 2026
RBI levied a penalty of Rs 1.62 crore on the Indian Bank.
With USD 635 billion in assets under custody and administration, SBG runs the largest custody network in sub-Saharan Africa, leading the growth of the continent's capital markets.