Credit Card Shake-Up: How Will It Impact Cardholders?
July has ushered in significant financial reforms, including changes to credit card rules and ITR deadlines. Major banks like HDFC, CitiBank, and others have announced alterations to their credit card rules, which will be implemented before the end of July. Additionally, the ITR filing date for the fiscal year (2023-24) and the assessment year (2024-25)…
Suryansh
HDFC Bank Announces Key Appointments Ahead of Merger with HDFC
HDFC Bank, the largest private sector lender in India, has announced the appointment of two highly regarded executives as part of its preparations for the merger with HDFC. According to an official exchange filing, HDFC Bank has confirmed the appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director. These appointments…
Vishal Prajapati
Weekly News Roundup: Top 5 Market Updates
1. Sony-Zee merger expected to get completed by end of H1 FY24 Sony Corp CEO Sony Corporation’s CEO has announced that the much-anticipated merger between Sony and Zee Entertainment Enterprises Ltd (ZEEL) is expected to be completed by the end of the first half of the financial year 2023-24. The merger aims to create a…
Titans Unite: HDFC’s $168B Merger Ignites Banking Arena
Investors around the world are eagerly awaiting the final stage of the merger between India’s most valuable lender, Housing Development Finance Corp (HDFC), and the country’s top mortgage financier, HDFC Bank Ltd. This groundbreaking merger has the potential to create the world’s fifth-most valuable bank, with a projected worth of $168 billion. The process, which…