The Bank of India is preparing to issue Basel-III Tier-II bonds on September 13th in an effort to raise Rs 2,000 crore. These bonds have a tenure of 10 years and include a call option after 5 years.

The Australian Competition and Consumer Commission (ACCC) dealt a significant blow to ANZ Group’s plans to acquire Suncorp’s banking arm for A$4.9 billion.

Jana Small Finance Bank, an Indian lender, refiles for an IPO after pandemic-related delays. The offering includes fresh shares worth up to 5.75 billion rupees and an offer for sale of 4.1 million shares.

As rising interest rates put increasing pressure on consumers throughout the economy, the leading US banks are expected to disclose this week the highest increase in loan losses since the start of the coronavirus outbreak.

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

The Axis Bank underwent a series of block deals, transacting a 0.6 percent stake that unleashed the exchange of 2.25 crore shares, valued at a staggering Rs 2,178 crore.

The Reserve Bank of India (RBI) is aiming to onboard one million users for its central bank-backed digital currency (CBDC) by the end of June, according to T Rabi Shankar, Deputy Governor of RBI. He made this announcement during a press conference following the monetary policy announcement on Thursday.

Reserve Bank of India Monetary Policy Meeting Likely to Maintain Repo Rate at 6.50%, as indicated by a poll of economists. Factors contributing to this decision include higher-than-expected GDP growth, easing retail inflation, and the scaling down of rate hikes by central banks in advanced countries. The RBI’s focus on liquidity management and concerns about the impact of the monsoon on food inflation also play a role. Market participants are eagerly awaiting the RBI’s comments on these matters.

The Vision Fund unit of Japan’s SoftBank Group Corp. revealed a quarterly investment loss as a result of falling tech valuations, resulting in an annual net loss of 970 billion

The TIN 2.0 platform went live on July 1 this year and the “Payment Gateway” has been enabled, providing one more payment option to taxpayers, who can now make their