National Company Law Tribunal (NCLT) Approves HDFC and HDFC Bank Merger The National Company Law Tribunal (NCLT) has approved the merger of HDFC Developers Ltd with HDFC Bank. The merger was announced in November 2021, and the NCLT’s approval comes after HDFC Developers’ shareholders approved the merger in March 2022. As per the merger deal,…
FDIC appoints former Fannie Mae chief Tim Mayopoulos as CEO of Silicon Valley Bank The Federal Deposit Insurance Corporation (FDIC) has appointed Tim Mayopoulos as the CEO of Silicon Valley Bank (SVB). Mayopoulos is the former CEO of Fannie Mae, one of the largest mortgage finance companies in the United States. He will succeed SVB’s…
The Reserve Bank of India (RBI) has given approval for the reappointment of Sumant Kathpalia as the Managing Director and CEO of IndusInd Bank. This approval has come after Kathpalia’s three-year term ended on March 23, 2023. The reappointment of Kathpalia has been approved for three years starting from March 24, 2023, until March 23,…
RBI’s new pilot project on Coin Vending Machines The Reserve Bank of India (RBI) has launched a pilot project to introduce coin vending machines (CVMs) in various cities across the country. The project is aimed at increasing the circulation of coins in the country and making them easily available to the public. The RBI has…
Indian Railways : Indian Railways introduces “Garvi Gujarat” tour under “Ek Bharat Shrestha Bharat” Scheme to showcase heritage of Gujarat Indian Railways has launched the “Garvi Gujarat” tour package under the “Ek Bharat Shrestha Bharat” scheme. The tour will showcase the rich cultural and historical heritage of Gujarat to the tourists. The 5-day tour will…
RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March The Reserve Bank of India (RBI) has released its latest data on digital payments in the country, revealing a significant increase in digital payments. According to the RBI’s Digital Payments Index (DPI), the index has increased from 349.30 in March 2021 to…
