IndusInd Bank Reappoints Sumant Kathpalia as MD & CEO Introduction to the Reappointment IndusInd Bank has officially reappointed Sumant Kathpalia as its Managing Director and Chief Executive Officer (MD & CEO) for a period of three years, starting from October 1, 2024. This decision, ratified by the Reserve Bank of India (RBI), is a significant…
RBL Bank Teams Up with IndianOil for New Credit Card Introduction: A New Partnership in Financial Services RBL Bank, a prominent player in India’s banking sector, has announced a strategic partnership with IndianOil, the country’s leading oil marketing company, to launch a new co-branded credit card. This innovative financial product is designed to offer enhanced…
Tamil Nadu’s Rising Fintech PaySharp Secures RBI Authorization Introduction to PaySharp’s Milestone Tamil Nadu-based fintech startup PaySharp has recently achieved a significant milestone by securing authorization from the Reserve Bank of India (RBI). This endorsement not only validates PaySharp’s business model but also enhances its credibility within the highly regulated financial sector. The RBI’s authorization…
L&T Finance Achieves NBFC-ICC Status from RBI Introduction to NBFC-ICC Status L&T Finance Holdings has recently achieved the Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) status from the Reserve Bank of India (RBI). This milestone marks a significant development for L&T Finance as it expands its role in the financial sector. The NBFC-ICC…
Capital Small Finance Bank and Edelweiss Life Partner for Bancassurance Introduction to the Partnership Capital Small Finance Bank has recently entered into a strategic partnership with Edelweiss Life Insurance to enhance its bancassurance offerings. This collaboration aims to leverage Capital Small Finance Bank’s extensive network to distribute Edelweiss Life’s insurance products more effectively. The alliance…
Karnataka Bank Partners with ICICI Lombard General Insurance Introduction Karnataka Bank, a leading private sector bank in India, has recently partnered with ICICI Lombard General Insurance to enhance its insurance offerings. This collaboration aims to provide a wider range of insurance products to the bank’s customers, integrating ICICI Lombard’s insurance solutions with Karnataka Bank’s extensive…
Indiabulls Housing Finance Rebrands as Sammaan Capital Limited In a strategic move aimed at revitalizing its brand image and aligning with its mission, Indiabulls Housing Finance has rebranded itself as Sammaan Capital Limited. This rebranding signifies a new chapter for the company as it endeavors to strengthen its position in the competitive housing finance market….
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…
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