January 23, 2017

Private sector Lakshmi Vilas Bank launched Qualified Institutional Placement (QIP) to raise over Rs 599.88 crore by issuing 4.25 crore shares in domestic or international markets.

In May 2016, the bank had informed that it will raise funds in one or more public or priva...

January 20, 2017

Viral Acharya, professor at New York University’s Stern School of Business, will take over as deputy governor of the Reserve Bank of India (RBI) for three years, effective January 20. 

Though the RBI traditionally has four deputy governors, one post...

December 29, 2016

IDFC Bank announced the nation-wide launch of aadhaar-linked cashless merchant solution that uses a retailers' smartphone to enable digital payments.

Aadhaar Pay has been developed by IDFC Bank in association with Unique Identification Authority of India (UIDAI) and the...

December 18, 2016

The government appointed V.K. Sharma as the chairman of Life Insurance Corporation (LIC) for five years. Sharma, who is the managing director of LIC, has been the acting chairman of the insurance behemoth since September after then chief S. K. Roy was relieved of his d...

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