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20-member “Usha Thorat Committee” formed

On July 10, 2020, 20-member advisory committee under the leadership of former deputy governor of Reserve of Bank of India, Usha Thorat was formed. Highlights The Securities and Exchange Board of India revamped its committee that advises capital market regulator on matters of development of mutual fund. The committee will advise the regulator on measures ..

Wipro bags $300 mn contract from ICICI Bank to provide digital technology led services

The digital transformation and IT services major, Wipro Limited has bagged a strategic contract valued at $300 million from the ICICI Bank to provide digital technology led services. Under the contract, Wipro will offer a comprehensive suite of services to ICICI Bank for the next 7 years. Earlier, Mumbai-based IT services firm Vara lnfotech was ..

New Norms Proposed for Municipal Bonds

The market regulator Securities and Exchange Board of India (SEBI) has proposed a new set of norms for listing and trading of municipal bonds on stock exchanges and to channel household investments into urban infrastructure development. Norms Proposed A municipal bond popularly known as a Muni Bond is a bond issued by a local government ..

HDFC Bank recognized as India’s No. 1 Bank: Forbes Magazine

As per Forbes World’s Best Bank survey, HDFC Bank has been recognized as number 1 bank by customers in India. HDFC Bank emerged as India’s No 1 bank. ICICI Bank was at number 2 and SBI was ranked 11th in the list. Customers were asked to rate banks on overall recommendation and satisfaction, as well ..

BSE and India INX company Sign MoU With Moscow Exchange

BSE (Bombay Stock Exchange) and India International Exchange (India INX) of India are the first Indian exchanges to sign a pact with Moscow Exchange (MOEX) of Russia to link investor community and companies in both countries besides allowing a capital formation platform. The exchange companies have agreed to the secondment of senior personnel to promote ..

Rajasthan Government ties up with HDFC bank to promote and nurture startups in state

Recently, the Rajasthan Government and HDFC Bank have signed MoU to promote and nurture startups in the state. As per pact, HDFC Bank will team up with the state government to provide end-to-end solutions including current accounts, credit cards and more under its SmartUp programme. HDFC Bank will also assist startups in showcasing their offerings ..

NTPC signs a Rs 3,000-crore term loan agreement with ICICI Bank for partially funding its capital expenditure

The state-owned NTPC has signed a term loan agreement for Rs. 3,000 crore with ICICI Bank for partially funding its capital expenditure. The loan which has a door-to-door tenure of 15 years will be utilised to part finance the capital expenditure of NTPC.