SoftBank To Sell One-third Of Its Stake Via Block Deal
Japan-based SoftBank is to sell its stake of One97 Communication, owner of Paytm, worth $200 billion through a block deal on Thursday. BofA Securities, Bank of America, is the deal’s banker. SoftBank has offered to sell shares in the price band of Rs 555-601 single piece. At the lower end of the band, it is a…
Aman Goyal
Unity Small Finance Bank Names Inderjit Camotra As New MD and CEOÂ
Unity Small Finance Bank Limited announced the appointment of a new managing director and chief executive officer on Friday. The bank names Inderjit Camotra for this significant role. Inderjit Camotra is a senior banker with over 25 years of experience across India’s banking sector. He held various leadership positions at Standard Chartered Bank, ANZ, and…
Yash Sharma
RBI Raised Repo Rate By 40 bps: How It Will Affect
RBI (Reserve Bank of India) on Wednesday, raised its key lending rate by 40 basis points to 4.40% with immediate effect after the emergency meeting. Along with this, the Central Bank also announced a hike in the cash reserve ratio by 50 basis points. The decision was taken by the Monetary Policy Company (MPC) in…
abhinav singh