by OverviewFX | Sep 7, 2024 | Banking & Finance
India’s foreign exchange reserves rose $2.3 billion in the week ending August 30 to a new record high of $683.99 billion, according to the latest data published by the Reserve Bank of India.This is the third consecutive weekly rise of forex reserves backed by...
by OverviewFX | Sep 7, 2024 | Banking & Finance
Facilitating transfer of government funds to park funds as short-term deposits with banks could help ease the slowdown in deposits, according to Kotak Mutual Fund CEO Nilesh Shah.If the government parks funds with the banks instead of the Reserve Bank of India, the...
by OverviewFX | Sep 7, 2024 | Banking & Finance
More than 500 Sebi officers across grades protested Thursday at the headquarters of the capital markets regulator in Mumbai’s financial nerve centre, demanding the resignation of chairperson Madhabi Puri Buch while also seeking withdrawal of the organization’s media...
by OverviewFX | Sep 7, 2024 | Banking & Finance
Bajaj Housing Finance has raised Rs 1758 crore from marquee anchor investors ahead of its IPO, which will open for subscription on September 9.The company allocated the shares at around Rs 70 apiece, which is the upper price band for the public offer.Marquee anchor...
by OverviewFX | Sep 6, 2024 | Banking & Finance
Sanjeev Mehta Sanjeev Mehta has stepped down as Standard Chartered Bank’s managing director and head of transaction banking sales for corporate, commercial and institutional Banking for South Asia after a 17-year career at the bank. Mehta resigned in July this...
by OverviewFX | Sep 6, 2024 | Banking & Finance
Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max...
