HDB Financial Services, backed by HDFC Bank, is set to debut on stock exchanges on July 2, with a strong investor response to its Rs 12,500 crore IPO, subscribed 17.65 times. Analysts attribute the enthusiasm to the company’s strong parentage and extensive branch network.
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore
The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate