Hero FinCorp, a subsidiary of Hero MotoCorp, is planning to raise funds through an initial public offering (IPO). This IPO will consist of a fresh issue of shares valued at up to Rs 4,000 crore, along with an offer for sale by specific existing and eligible shareholders.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.