Search For "banking business"
RBI gives approval to Japan's SMBC for setting up Wholly Owned Subsidiary
Updated : 4 months, 3 weeks ago IST
SMBC is currently carrying on banking business in India in branch mode through its four branches located in New Delhi, Mumbai, Chennai and Bengaluru. The 'in-principle' approval has been granted to the bank for setting up a WOS through conversion of its existing branches in India, RBI said i
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Banker Ajay Jain joins Arihant Capital to lead and scale its investment ba
Updated : 6 months, 1 week ago IST
New Delhi [India], November 27: Banker Ajay Jain has joined diversified financial services organization, Arihant Capital Group, as Managing Director & CEO of its Investment Banking and Merchant Banking division, the company said in a statement on Thursday. His appointment marks a significant
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Hong Leong Bank Wins Top Euromoney Award for SME Banking Two Years Running
Updated : 8 months, 1 week ago IST
Kuala Lumpur [Malaysia], September 18: Hong Leong Bank("HLB" or the "Bank") has been named Best SME Bank in Malaysia at the prestigious Euromoney Awards for Excellence for the second consecutive year. This latest recognition comes after the Bank received similar recognitions by The Asian Ban
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Public Sector Unit banks still lead Indian banking landscape: SBI report
Updated : 1 year, 11 months ago IST
The Public Sector Banks (PSBs) in India holds a dominant position in the banking sector by accounting for more than 50 per cent of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the SBI.
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InCred Capital's Investment Banking business continues winning streak; exc
Updated : 2 years, 1 month ago IST
Mumbai (Maharashtra) [India], May 3: The Investment Banking business of InCred Capital has closed another coveted deal, a mark of the significant strides it has been making in M&A, ECM (Equity Capital Markets) and DCM (Debt Capital Markets).
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RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024.
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RBI cancels licence of Uttar Pradesh-based Urban Co-operative Bank
Updated : 2 years, 6 months ago IST
The Reserve Bank of India (RBI) has cancelled the license of Urban Co-operative Bank Ltd., Sitapur, in Uttar Pradesh. The bank now ceases to carry on banking business, with effect from the close of business Thursday.
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RBI cancels the licence of Maharashtra-based Laxmi Co-operative Bank
Updated : 3 years, 8 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India on Thursday cancelled the licence of Maharashtra-based Laxmi Co-operative Bank on the basis of weak financials. The central bank also mentioned that the bank consequently ceases to carry on banking business, with effect from Th
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Rupee Co-operative Bank will cease to carry on banking business from Sept
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 27 (ANI): Pune-based Rupee Co-operative Bank Limited will cease to carry on banking business from September 22, 2022, the Reserve Bank of India (RBI) has said.
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HDFC Bank carves out rural banking business as a separate vertical
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], May 19 (ANI): India's largest private sector lender HDFC Bank on Thursday said it has carved out rural banking function as a separate vertical, which will be focused on increasing penetration in remote parts of the country.
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Axis Bank to acquire Citibank India
Updated : 4 years, 2 months ago IST
Mumbai (Maharashtra) [India], March 30 (ANI): Axis Bank, the country's third-largest private sector lender, on Wednesday said it will acquire Citibank's India consumer banking businesses covering loans, credit cards, wealth management and retail banking operations for Rs 12,325 crore.
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Jaipur based Holani Consultants set record by managing 224cr rights issue
Updated : 4 years, 8 months ago IST
Jaipur (Rajasthan) [India], October 7 (ANI/PNN): Tier II City based Investment Banker Holani Consultants Private Limited successfully lead managed Maiden Right Issue of 3rd Largest Tile manufacturing company in India ASIAN GRANITO INDIA LIMITED.
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