With the Reserve Bank of India (RBI) setting a June 30, 2025, deadline for IndusInd Bank to name its new Managing Director and Chief Executive Officer (MD & CEO), the bank’s board has shortlisted three seasoned candidates: Rajiv Anand from Axis Bank, Rahul Shukla from HDFC...
On June 27, 2025, Financial Services Secretary M Nagaraju issued a stern warning to banks, urging them to eliminate insurance mis-selling, ensure affordable premiums, and uphold fair claims processing to boost market penetration and customer trust. Speaking at an event announcing strategic partnerships between Central Bank...
On June 26, 2025, Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, inaugurated the Sagarmala Finance Corporation Limited (SMFCL), marking a historic milestone as India’s first Non-Banking Financial Company (NBFC) dedicated to the maritime sector. The launch, held in New Delhi, was attended by Union...
As India’s startup ecosystem matures, a wave of companies is preparing to enter the public markets, with profitability emerging as a critical prerequisite for successful Initial Public Offerings (IPOs). The tech downturn post-pandemic shifted investor sentiment from growth-at-all-costs to sustainable financials, compelling startups to streamline operations...
In a significant move to accommodate the needs of government employees, the Finance Ministry of India announced on June 23, 2025, an extension of the deadline for exercising options under the Unified Pension Scheme (UPS) by three months, from June 30, 2025, to September 30, 2025....
In an unprecedented move, Mexico’s National Banking and Securities Commission (CNBV) has stepped in to temporarily oversee operations at CIBanco SA and Intercam Banco SA following serious money-laundering allegations by U.S. authorities. The intervention, announced on June 26, 2025, aims to protect customers and stabilize the...
HDB Financial IPO GMP: SBI Securities, LKP Securities, Deven Choksey and several other analysts have a ‘subscribe’ rating for the Rs 12,500-crore public issue. The 12,500-crore IPO of HDB Financial Services crossed the halfway mark on June 26, as the issue got subscribed 51 percent on its second...
State Bank of India has picked Kotak Mahindra Capital Co., Citigroup Capital Markets, HSBC, Morgan Stanley and ICICI Securities to manage its ₹25,000 crore qualified institutional placement, two people aware of the development said. “More than a dozen banks made presentations and five of them have been picked to work...
Programmatic ads dominate digital, while TV and print continue to deliver trust and volume, led by government-backed and private financial giants. Mumbai: India’s Banking, Financial Services, and Insurance (BFSI) sector witnessed a robust year in advertising, with significant cross-media growth in 2024, according to the...
LIC of India emerged as the top television advertiser in the BFSI sector with a 12% share of ad volumes, while the South Zone, led by Bangalore, accounted for the largest share of print advertising at 33%. On digital platforms, the National Payments Corporation of India...
EPFO has increased the auto-settlement limit for advance claims from Rs 1 lakh to Rs 5 lakh. This was announced by the Union Labour & Employment Minister Mansukh Mandaviya, as reported by ANI. The increased limit will facilitate faster access to funds for EPFO members, especially in...
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