Axis Bank Acquires Additional Stake in Max Life Insurance for ₹336 Crore Board Approval Axis Bank’s Board of Directors, through its Acquisitions, Divestments, and Merger Committee, approved the acquisition of an additional stake in Max Life Insurance. The proposal, approved on June 19, 2024, involves an investment of ₹336 crore, increasing Axis Bank’s shareholding in…
RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as the Whole Time Director of IDFC FIRST Bank. This significant development comes as the bank continues to bolster its leadership team, aiming for enhanced growth and performance. Appointment…
Axis Bank Re-appoints Amitabh Chaudhry as MD & CEO for Three More Years Axis Bank, one of India’s leading private sector banks, has announced the re-appointment of Mr. Amitabh Chaudhry as its Managing Director (MD) and Chief Executive Officer (CEO) for another three years. This decision comes after careful consideration by the board of directors…
Karnataka Bank Raises Rs 600 Crore Through QIP, Bolsters Growth and Stability Karnataka Bank, a leading private sector bank in India, recently announced the successful completion of its Qualified Institutional Placement (QIP) to raise Rs 600 crore. This strategic move aims to strengthen the bank’s growth trajectory and enhance its stability in the ever-evolving financial…
Income Tax Department Imposes ₹564.44 Crore Penalty on Bank of India The Income Tax Department has recently imposed a hefty penalty of ₹564.44 crore on Bank of India for alleged discrepancies in the reporting of income. This penalty comes as a result of an investigation into the bank’s financial records, conducted by the tax authorities….
KVS Manian Appointed as Kotak Mahindra Bank’s New JMD Kotak Mahindra Bank recently announced the appointment of KVS Manian as its new Joint Managing Director (JMD). This significant development in the banking sector holds particular importance for aspirants preparing for various government exams, including positions in banking. In this article, we will delve into the…
Pradeep Kumar Sinha Appointed as Non-Executive Part-Time Chairman of ICICI Bank In the dynamic landscape of financial institutions, significant leadership changes can shape the trajectory of banking entities. In a recent development, Pradeep Kumar Sinha has been appointed as the Non-Executive Part-Time Chairman of ICICI Bank, ushering in a new phase for one of India’s…
AU Small Finance Bank Appoints H.R. Khan as Non-Executive Chairman AU Small Finance Bank has recently made a significant move in its leadership by appointing H.R. Khan as the Non-Executive Chairman. This decision holds paramount importance, especially for candidates preparing for government exams in various sectors. In this article, we will delve into the details…
Bandhan Bank Board Approves Reappointment of Chandra Shekhar Ghosh as MD & CEO The Board of Directors at Bandhan Bank recently sanctioned the reappointment of Chandra Shekhar Ghosh as the Managing Director (MD) and Chief Executive Officer (CEO). This pivotal decision comes amid the bank’s strategic initiatives and Ghosh’s instrumental leadership since the bank’s inception…
“Private Banks Make Largest Single-Day Govt Bond Purchase in 7 Years” Private banks recently made a significant move in the financial market by executing the largest single-day government bond purchase seen in the past seven years. This move, highly noteworthy in the financial sector, showcases a pivotal shift in investment strategies among private banking institutions….
