SBI gives ₹22 crore to IIT-Bombay for data analytics, AI capabilities: The State Bank of India (SBI), through its CSR arm SBI Foundation, has pledged a grant of ₹22.5 crore to the Indian Institute of Technology, Bombay (IIT-B). Daily current affairs quiz: July 2023 Reason: To establish ...

HDFC Bank and Housing Development Finance Corporation merger becomes effective from 1 July: HDFC Bank has announced the merger of Housing Development Finance Corporation Ltd. (HDFC) with itself. From July 7, all commercial papers of HDFC Ltd will be transferred in the name of HDFC Bank. Housing ...

World Bank approves $1.5 billion for India’s low-carbon energy sector : World Bank approves $1.5 billion for India’s low-carbon energy sector. The World Bank has approved $1.5 billion in financing to accelerate the development of India’s low-carbon energy sector. Aim: To ...

After Merger, HDFC to vault into ranks of world's most valuable banks: According to Bloomberg, after the tie-up of HDFC Bank Ltd and Housing Development Finance Corp, the lender would rank fourth in equity market capitalization. It's valued at about $172 billion. With the merger likely ...

Ministry of Culture and Canara Bank signed an MoU: The Ministry of Culture and Canara Bank signed an MoU for the disbursal of financial assistance to veteran artists under the “Scheme for Financial Assistance for Veteran Artists”. Ministry of Culture has administered a Scheme under which financial ...

DBS Bank India appoints Rajat Verma as Managing Director: DBS Bank India has appointed Rajat Verma as managing director and head of institutional banking. He will succeed Niraj Mittal, who will be taking up a new role as country head of DBS Bank in Australia. Rajat Verma was ...

ADB to provide 400 million US dollars in loans to Bangladesh

Infosys signs $454 million deal with Danske Bank for digital transformation

RBI Imposes Penalties on Axis Bank, J&K Bank, and Bank of Maharashtra

ITC’s market capitalization surges, outpacing Infosys and HDFC Ltd: ITC, one of India's largest FMCG conglomerates, has surpassed Infosys to become the country's sixth most valued stock exchange business. ITC surpassed Infosys on Monday, with a market capitalisation of Rs 5.11 lakh crore, after ...