Tag: Banking

RBI grants licence to NARCL: IBA CEO

The Reserve Bank on Monday gave licence to the Rs 6,000 crore National Asset Reconstruction Company Ltd (NARCL), a move that will help kickstart operations of the bad bank. NARCL was incorporated in July in Mumbai following registration with the Registrar of Companies (RoC). “Happy to share #RBI has given License to #NARCL on 4.10.2021. The […]

HSBC to acquire AXA’s Singapore operations

A deal has been struck between two giants across the financial spectrum – one from banking, and the other from insurance. HSBC has reached an agreement to acquire AXA Singapore, in a move the bank has deemed a “key milestone” in an ambition to be the leading insurance and wealth provider in the region. It […]

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