AU Small Finance Bank’s promoters will transfer shares to a non-operative holding company, fulfilling RBI’s requirements for its transition to a universal bank. Following in-principle approval from the RBI, the bank will also relocate its corporate headquarters from Jaipur to Mumbai. This structure allows the CEO to explore other financial services.
Malaysia Airlines has identified India as its largest market, surpassing Australia and Europe in revenue and passenger numbers. The airline currently operates 77 weekly flights to 10 Indian cities and plans to increase this to 80 by December, with further expansion into non-metro areas planned for next year.
Faissal Khan lauded the superstar’s generosity, work ethic and dedication, even as he reiterated his past claim that Aamir Khan once kept him confined at home for over a year and gave him medicines against his will. The actor revealed that one of the moments that hurt him most was not being invited to a…
Gabrielle Union and Dwyane Wade recently hosted a glamorous dinner in the Hamptons. The event celebrated the Saks Fifth Avenue and Amazon partnership. Naomi Watts and Alexandra Daddario were among the guests. Wade shared his style secrets. He also spoke about the ease of shopping Saks on Amazon. Union admitted to being an avid online…
HDFC Bank’s CEO, Sashidhar Jagdishan, expressed reservations about reverse mortgage loans in India, citing legal and operational challenges. He highlighted ongoing tech upgrades, including a new mobile app and net banking interface, with AI implementation focused on efficiency without replacing human judgment. Deposit mobilization efforts have impacted the bank’s CASA ratio post-merger.
State Bank of India’s Q1 FY26 consolidated profit rose 9.7% to Rs 21,201 crore, fueled by strong treasury and forex income. While advances grew 11.6%, net interest income slightly decreased due to margin contraction. The bank anticipates a U-shaped recovery in NIMs and maintains its FY26 loan and deposit growth guidance at 12% and 10%,…
SEBI Chairman Tuhin Kanta Pandey urged company boards to treat independent directors as “stewards of accountability,” not honorary figures. He emphasized the need for diverse selection processes, ongoing orientation beyond initial induction, and fostering psychological safety where directors can freely dissent.
Josh Allen will sit out the Buffalo Bills’ preseason opener against the New York Giants to prioritize his health. James Cook remains absent due to a contract dispute, leading the team to prepare for various scenarios. Several players are sidelined with injuries, while Allen provided a lighthearted moment on Hard Knocks, showcasing the team’s humor…
Raksha Bandhan, a significant Hindu festival, celebrates the cherished bond between brothers and sisters. Sisters tie a Rakhi, symbolizing prayers for their brothers’ well-being and longevity, while brothers pledge lifelong protection. Legends associated with Rakhi include Yamuna and Yama’s bond, the birth of Santoshi Mata, and Queen Karnavati’s plea to Emperor Humayun, highlighting the festival’s…
