Posted inMarket
First Bancorp Director Completes Major Share Sale Worth Over 750000 Dollars
Discover recent insider trading activity as a First Bancorp director sells over 750000 dollars in company shares. Read the full financial breakdown.
Posted inEmerging Market
Canara Bank Plans Up To 2 Billion Dollar Overseas Bond Raise
Canara Bank prepares to raise up to 2 billion dollars through international bond markets via its global branches and GIFT City operations.
Posted inMarket
River City Bank Sets IPO Price at $45 Per Share for Nasdaq Debut
River City Bank has officially priced its initial public offering at $45 per share as it prepares for its upcoming debut on the Nasdaq exchange.
Posted inBusiness Insights
US Law Firms Launch Securities Investigation Into HDFC Bank Over Potential Disclosure Violations
US law firms investigate HDFC Bank over potential disclosure violations and governance lapses, sparking potential class-action lawsuits for ADR investors.
Posted inBusiness Insights
Revolut Secures Australian Banking License to Challenge Traditional Lenders
London-headquartered fintech giant Revolut has officially secured a banking license in Australia, marking a pivotal expansion of its global footprint as it prepares to roll out government-guaranteed savings accounts and…
Posted inBusiness Insights
JPMorgan Engages 100 Multinationals to Expand Operations in India’s GIFT City
JPMorgan is helping over 100 global firms set up treasury hubs in Indias GIFT City to streamline cross border payments and offshore finance.
Posted inEconomy
RBI Blocks Defaulting Borrowers from Buying Back Distressed Assets in Regulatory Crackdown
The Reserve Bank of India (RBI) has tightened its regulatory grip on the financial sector by barring banks and non-banking financial companies (NBFCs) from selling acquired stressed assets back to…
Posted inBusiness Insights
HDFC Bank CEO Addresses Governance Concerns Following Independent Probe Clearance
HDFC Bank Chief Executive Officer Sashidhar Jagdishan addressed shareholders in his annual letter released this week in Mumbai, describing the sudden exit of former Chairman Atanu Chakraborty as a "challenging…
Posted inBusiness Insights
Ashok Vaswani to Step Down as Kotak Mahindra Bank CEO
Ashok Vaswani will step down as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank effective December 31, 2024, the lender announced this week. The board of directors…
Posted inBusiness Insights
HDFC Bank Cleared of Governance Concerns Following Independent Legal Review
Independent law firms commissioned by HDFC Bank have concluded that there is no factual basis for the governance concerns raised by the bank's former chairperson, Atanu Chakraborty. The internal investigation,…
