Search For "bank limit"
RBI imposes monetary penalty on Kotak Mahindra Bank over non-compliance
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty to the tune of Rs 3.95 crore on Kotak Mahindra Bank Limited for various non-compliance.
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Utkarsh Small Finance Bank Leads the Way with Interoperable Cardless Cash
Updated : 2 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 22: Utkarsh Small Finance Bank Limited (“USFBL” or the “Bank”), today announced the launch of an innovative service, set to revolutionise cash withdrawal experiences. Utkarsh Small Finance Bank is dedicated to offering process-centric, technology-drive
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IDFC First bags title sponsorship rights for all BCCI international, domes
Updated : 2 years, 7 months ago IST
The BCCI had issued an Invitation to Tender Title Sponsor Rights For BCCI Events (ITT). Pursuant to the tender process, IDFC First Bank Limited was the successful bidder with respect to the ITT process.
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Cyril Amarchand Mangaldas advises Axis Bank on acquisition of additional 6
Updated : 2 years, 7 months ago IST
Mumbai (Maharashtra)/New Delhi [India], August 23: Cyril Amarchand Mangaldas advised Axis Bank Limited (Axis Bank) on infusion of Rs 1612 crore into Max Life Insurance Company Limited (Max Life) by way of subscription to shares of Max Life.
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Axis Bank to Infuse Rs. 1,612 crore in Max Life, Stake to Go up to 19.02 p
Updated : 2 years, 7 months ago IST
New Delhi [India], August 10: Pursuant to the approval of the Max Financial and Max Life Boards, Axis Bank will be infusing Rs. 1,612 Cr by subscribing to equity shares of Max Life, at fair market value determined basis DCF methodology. Axis Bank has received requisite approval from RBI for
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Max Life Appointed as Lead Insurer for Uttar Pradesh Under IRDAI's State I
Updated : 2 years, 8 months ago IST
New Delhi [India], July 28: Max Life Insurance Company Ltd. (“Max Life” / “Company”) has been appointed as the “Lead Insurer” for the State of Uttar Pradesh by the Insurance Regulatory and Development Authority of India (IRDAI). Under the State Insurance Plan, IRDAI has initiated a collabora
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Board of Directors of IDFC FIRST Bank Approves Amalgamation of IDFC Limite
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4: The Board of Directors of IDFC FIRST Bank Limited ("IDFC FIRST Bank" or "the Bank") at its meeting held today, July 03, 2023, have approved the Scheme of Amalgamation of IDFC Limited with IDFC FIRST Bank. The Share Exchange Ratio for the amalgamation of
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Max Life declares its highest-ever PAR Bonus of Rs 1,604 Cr. for its 21 la
Updated : 2 years, 9 months ago IST
New Delhi [India], June 1: Max Life Insurance Company Ltd. ("Max Life" / "Company") has announced its highest-ever participating (PAR) bonus of Rs. 1,604 Cr. for its eligible policyholders in FY22-23. This is the Company's 21st consecutive annual bonus; ~8% higher than the bonus declared in
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Max Life achieves its highest-ever Claims Paid Ratio of 99.51 per cent in
Updated : 2 years, 9 months ago IST
New Delhi [India], May 31: Max Life Insurance Company Ltd. ("Max Life" / "Company") has announced its highest-ever individual Claims Paid Ratio of 99.51 per cent in FY'23. Underlining the ever-increasing customer trust at the most crucial juncture of the insurance relationship, Max Life has
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Cyril Amarchand Mangaldas advises in relation to USD 750 million green bon
Updated : 2 years, 11 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], April 25 (ANI/BusinessWire India): Cyril Amarchand Mangaldas (CAM) advised in relation to REC's Limited's USD 750 million issuance of 5.625 per cent green bonds ("Notes"). CAM advised the "Dealers" to the transaction, namely, Barclays Bank PLC, DBS Ba
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Amity University Maharashtra hosts its convocation ceremony at Mumbai Camp
Updated : 3 years ago IST
Mumbai (Maharashtra) [India], March 24 (ANI/PRNewswire): Amity University, Maharashtra, held its convocation ceremony on the campus of Amity University Mumbai. Robert Suskind, Founding Dean of California North State University of Medicine, Dr Rajeev Agarwal, Senior Director of Breast Cancer
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Moody's downgrades long-deposit ratings of five Pakistani banks
Updated : 3 years ago IST
According to Moody's Investors Service, the five banks to be downgraded on deposit rating include Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL).
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