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Bandhan Bank reported a 17% growth in its Q3 2023-24 financial results, reaching Rs.2.33 lakh crore, and holding a 71% share of retail to total deposits. The encouraging growth witnessed in the quarter has been driven by its expansion in distribution and the favorable operating environment. Bandhan Bank opened 26 branches during the quarter, serving over 3.26 crore customers through 6,250 outlets in country and employs over 75,000 people. The bank's total deposit book is Rs.1.17 lakh crore, with total advances at Rs.1.16 lakh crore. The current account and savings account (CASA) ratio is 36.1%, and the bank's Capital Adequacy…

Tata AIA Life Insurance Company Limited, one of India’s fastest growing life insurance companies, announced that its Board has appointed Venkatachalam H. as the new Chief Executive Officer & Managing Director, subject to regulatory approval from IRDAI. Venkatachalam H. will take over from current Chief Executive Officer and Managing Director, Naveen Tahilyani who moves to another role in the Tata Group and has been elevated as a Non-Executive Director of Tata AIA Life Insurance Company Ltd. Venkatachalam H, with over 27 years of experience in Life Insurance, Asset Management, and Custodial Services, has led initiatives in marketing, strategy, analytics, and…

RBI Governor Shaktikanta Das on 12 of February 2024(Monday) said there will be no review of the restrictions imposed on Paytm Payments Bank (PPB) for regulatory violations, as the decision was taken in the best interest of customers. The Governor further said that the frequently asked questions (FAQs) on PPB will be issued later during the week to answer customer issues related to FASTags, wallet, and depositors. On January 31, the RBI imposed restrictions on PPB citing 'persistent non-compliance and continued material supervisory concerns'. The RBI previously ordered PPB to stop most of its business, including deposits, credit products and…

A bundle of women-centric schemes were unveiled by the Assam government on 12th Feb 2024( Monday) in its Rs 2.9 lakh crore budget for 2024-25 which includes financial help to provide education to 10 lakh girls up to post-graduation level to do away with child marriage. In a year when the country will vote to elect the next central government, Assam Finance Minister Ajanta Neog did not levy any new tax on the common people or commercial establishments as well. In an attempt to bring every family in the government job's network, she framed a new law for giving 5%…

Honda India Foundation (HIF) along with the Manipur State Rural Livelihood Mission and Visan Foundation launched “Project Buniyaad-Aathmanirbharta Ka Aadhar” that aims at providing employment to the unemployed youth from the marginal sections of the society. The project aims to provide 100% job placements to North-eastern youth in the hospitality sector through four distinct collaborations: Honda India Foundation as funding partner, State Government as Infrastructure and Mobilization Support partner, Visan Foundation as training partner, and leading hotels and hospitals as placement partners. The project was inaugurated by the Hon’ble Chief Minister of Manipur, Shri NBiren Singh, in the august presence…

Seagram’s Royal Stag is gearing up to launch the second edition of its highly anticipated music festival, Royal Stag BoomBox. Following the unprecedented success of its debut, this year's event promises an unparalleled fusion of Bollywood melodies and hip-hop beats. With headlining acts featuring the likes of Badshah, Armaan Malik, Nikhita Gandhi, and more, Royal Stag BoomBox is set to be a musical extravaganza like no other. The festival, which celebrates the spirit of 'Living it Large,' aims to unite music enthusiasts from diverse backgrounds under one roof. In a unique twist, Royal Stag BoomBox will offer attendees two engaging…