Banking Sector

Axis Bank revealed on Tuesday that it has gained regulatory approval to serve as a pension fund manager and that the assets under management (AUM) for its retirement business have already surpassed Rs100 crore.

KFintech is an investor and issuer solutions provider, serving asset managers such as mutual funds, Alternative Investment Funds (AIFs), wealth managers, pension funds and corporate issuers

Abans Holdings IPO is expected to list on BSE and NSE on December 23.

In November 2022, debt funds saw net inflows of Rs3,669 crore while net inflows into equity funds were subdued at Rs2,258 crore. Passive funds saw strong inflows of Rs10,394 crore during November 2022.

In conversation with Sheetal Agarwal of IIFL, Global Health Limited (Medanta) talks about the company's strengths and future prospects.

The projected investment of up to Rs2.5 crore is scheduled to be completed on or before October 10, 2022.

A media report stating that Federal Bank is seeking a merger with Kotak Mahindra Bank was circulated recently.

To pay for the acquisition of three projects from NHAI, with which it will enter into a 20-year concession arrangement

The filing stated that the NHB had also authorized the merger of the housing financing company's two wholly-owned subsidiaries, HDFC Investments and HDFC Holdings Limited, with HDFC.

This is a component of the proposed merger between its parent company, mortgage lender Housing Development Finance Corporation Ltd., and HDFC Bank, the nation's largest private sector bank by balance sheet (HDFC Ltd).