Anuj Tyagi Appointed MD and CEO of HDFC ERGO General Insurance Introduction HDFC ERGO General Insurance, a prominent player in the private sector insurance market, has appointed Anuj Tyagi as the new Managing Director (MD) and Chief Executive Officer (CEO), effective from July 1, 2024. Tyagi, who has been with the company since 2008, succeeds…
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…
AdaniOne Launches Two Variants of Co-Branded Credit Cards with ICICI Bank AdaniOne, in collaboration with ICICI Bank, has unveiled two variants of co-branded credit cards, aiming to offer customers enhanced benefits and rewards. This strategic partnership between AdaniOne, a leading integrated B2B e-commerce platform, and ICICI Bank, one of India’s foremost private sector banks, marks…
HSBC and SBI Acquire Stakes in CCIL IFSC HSBC’s Strategic Investment HSBC, a prominent global banking institution, has acquired a 6.125% equity stake in CCIL IFSC Limited for ₹6.125 crore. This strategic investment underscores HSBC’s commitment to expanding its market infrastructure in India, specifically within GIFT City, an emerging international financial services hub. SBI’s Parallel…
Mahindra Finance Expands Services with IRDAI Approval Diversifying Product Portfolio Mahindra & Mahindra Financial Services, a key player in India’s non-banking finance sector, has received a corporate agency license from the Insurance Regulatory and Development Authority of India (IRDAI). This approval allows Mahindra Finance to distribute insurance products as a ‘corporate agent (composite)’, thereby diversifying…
SBI Bolsters Presence in GIFT City with Acquisition of Stake in CCIL IFSC SBI’s Strategic Move to Strengthen Its Position in GIFT City The State Bank of India (SBI) has made a significant strategic move by acquiring a stake in the Clearing Corporation of India Limited International Financial Services Centre (CCIL IFSC). This acquisition is…
Enhancing Global Commerce Opportunities: YES BANK and EBANX Partnership The global commerce landscape is set to witness a significant transformation with the recent partnership announcement between YES BANK and EBANX. This collaboration marks a pivotal moment in the realm of international transactions, promising to unlock new avenues of growth and opportunity for businesses worldwide. Introduction:…
Ujjivan Small Finance Bank Appoints Sanjeev Nautiyal as MD & CEO Ujjivan Small Finance Bank has recently announced the appointment of Sanjeev Nautiyal as its Managing Director and Chief Executive Officer. The decision comes as part of the bank’s strategic move to reinforce its leadership team and further accelerate its growth trajectory in the competitive…
Yes Bank Collaborates with ANQ to Launch PI and PHI Credit Cards Yes Bank, in a strategic move to enhance its portfolio of financial products, has joined forces with ANQ, a leading financial services provider, to introduce two innovative credit cards – PI and PHI. This collaboration marks a significant milestone in the banking sector,…
American Express Announces Inauguration of 1 Million Sq. Ft. Campus in Gurugram American Express, a leading global payments and financial services company, has recently made headlines with the inauguration of its sprawling 1 million square feet campus in Gurugram, India. The inauguration ceremony witnessed the presence of top executives and government officials, marking a significant…
