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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.

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

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

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

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

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

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

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Initially, the company will emphasize launching fixed-income products.

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ICICI Bank can retain a stake of more than 30% but keep it below 48.02% of the company’s paid-up capital.

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The bank experienced a 16% rise in credit growth.

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