PNB Board Approves 10% Stake Dilution in Canara HSBC Life Insurance via IPO The board of Punjab National Bank (PNB) has given the green light for the dilution of a 10% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd (Canara HSBC Life) through an Initial Public Offering (IPO). This decision marks…
IDFC First Bank, LIC Cards, and Mastercard Introduce Exclusive Co-Branded Credit Card The financial landscape in India continues to evolve with strategic collaborations and innovative offerings. In a recent development, IDFC First Bank, in partnership with LIC Cards and Mastercard, has introduced a distinctive co-branded credit card. This collaboration aims to provide customers with enhanced…
RBI Inks Pact with Bank of England on Bond Clearing Settlement The Reserve Bank of India (RBI) recently made headlines by entering into a significant pact with the Bank of England concerning bond clearing and settlement. This strategic agreement aims to facilitate and enhance the clearing and settlement of government securities in both countries. Such…
