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REC gets RBI nod to set up subsidiary in GIFT City

The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services. ....

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Wipro Q4 results; RBI nod for Cred's payment aggregator biz

IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in todays ETtech Top 5. ....

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HDFC Bank may open higher after LIC gets RBI nod to buy 4.8% additional stake

It will take LIC s stake in the private sector bank to 9.99 percent. The insurer has to complete the transaction by January 24, 2025 ....

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Kotak Mahindra Bank news: RBI approves appointment of CS Rajan as Kotak Bank Chairman

The Reserve Bank of India has approved the appointment of CS Rajan as the part-time Chairman of Kotak Mahindra Bank for a two-year term starting January 1, 2024. Rajan, an IAS officer of the 1978 batch, currently serves as an Independent Director on the bank s board and retired as the Chief Secretary of the Government of Rajasthan in 2016. He replaces Prakash Apte, whose term expires on December 31, 2023. ....

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Kotak Mahindra Bank news: RBI gives nod to CS Rajan's appointment as Kotak Mahindra Bank's part-time Chairman

The Reserve Bank of India has approved the appointment of CS Rajan as the part-time Chairman of Kotak Mahindra Bank for a two-year term starting January 1, 2024. Rajan, an IAS officer of the 1978 batch, currently serves as an Independent Director on the bank s board and retired as the Chief Secretary of the Government of Rajasthan in 2016. He replaces Prakash Apte, whose term expires on December 31, 2023. ....

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