IDBI Bank has announced that the board of IDBI Bank has approved to divest its entire stake of 19.18% in Asset Reconstruction Company (India) Limited (ARCIL).
Flipkart-owned digital payments platform PhonePe has received an insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI).
The former State Bank of India (SBI) chairman Rajnish Kumar has been appointed as an independent director of The Hongkong and Shanghai Banking Corporation (HSBC) Asia entity.
The Central Government has set up a committee which will be headed by Ashish Shiradhonkar to develop a technological platform streamlining the appeal filing process related to direct and indirect taxation matters.