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Monthly Archives: April 2024

RBI Celebrates 90 Years of Service on Foundation Day 2024

RBI Celebrates 90 Years of Service on Foundation Day 2024

The Reserve Bank of India (RBI), the nation’s central banking institution, is entering its 90th year on April 1st, 2024. To mark this significant occasion, Prime Minister Narendra Modi is attending the event at Mumbai’s National Centre for the Performing Arts. Establishment and History The RBI was established on April 1, 1934, following recommendations from …

HDFC Bank to Divest 100% Stake in Education Arm: Shares in Focus

HDFC Bank to Divest 100% Stake in Education Arm: Shares in Focus

HDFC Bank, a leading private sector lender in India, is pursuing the sale of its entire stake in HDFC Education and Development Services. This move comes as the bank seeks to maintain transparency and regulatory compliance while selecting a buyer through the Swiss challenge method. Regulatory Filing Details HDFC Bank disclosed its intention to divest …