Banking Sector

A complaint was filed alleging a lack of service and unfair trade practices on the part of the bank.

The bank’s board will consider fund raise by issuing equity shares via private placement.

This will be the second fundraising of PNB Housing Finance during the current fiscal year.

The BSE and NSE told HDFC Bank that SEBI had granted a relaxation from the application of Rule 19(2)(b) of the SCRR, subject to the terms set forth therein.

Around 60 mutual fund schemes collectively hold shares worth Rs 4,500 crore that exceed SEBI's prescribed limits.

Customers of 'IndusInd Bank - Indus Fast Remit' will be able to transfer money from two global markets.

The issue is likely to begin by the end of June.

According to its investor presentation, individual house loans have increased over the past five years at a compound annual rate of 16%.

IndusInd Bank's appointment will enable them to digitally collect State Government Revenue and Receipts.

Earlier on June 6, 2023, RBI guidelines allowed banks to offer resident clients onshore NDD Contracts.