Tag: Approval
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Fino Payments Bank Shares Drop 11% Following Approval for Small Finance Bank Transition
Fino Payments Bank shares plummeted Monday even after it received an in-principle license to convert itself into a small finance bank. The stock closed 11.35% lower at Rs 278.95 on BSE while falling 12.74% to Rs 274.60 on NSE. On BSE, the bank’s share opened higher at Rs 324.65 as compared with the previous close…
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UFBU Plans to Contact IBA and Finance Ministry for Urgent Approval
The United Forum of Bank Unions (UFBU), representing nine major bank unions, has issued detailed instructions for employees and officers across banks to sign and forward memorandums seeking immediate approval of 5-day banking. The call includes sending hard copies to the Indian Banks’ Association (IBA) and the Finance Minister, along with scanned copies to the UFBU’s…
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ICICI Prudential AMC Ventures into Private Equity, Awaits Sebi Approval
ICICI Prudential Asset Management Company is seeking approval from the Securities and Exchange Board of India (Sebi) to enter the private equity business as part of its strategy to diversify into alternative asset classes, Managing Director and CEO Nimesh Shah said. Speaking at a press conference ahead of the company’s upcoming IPO, Shah said discussions…
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Fino Secures ‘In-Principle’ Approval from RBI to Transition to India’s First Small Finance Bank
Mumbai, December 08, 2025: Fino Payments Bank Limited (“Fino” or “the Bank”) today announced that it has received the Reserve Bank of India’s (“RBI”) ‘In-principle’ approval to convert into a Small Finance Bank (“SFB”) — marking a significant step in the Bank’s long-term vision to become India’s most trusted, digital-led bank. The ‘In-principle’ approval also…
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Trump Warns Netflix-Warner Bros. Deal May Face Approval Challenges
President Donald Trump said Sunday that the proposed $72 billion merger between Netflix and Warner Bros. Discovery “could be a problem” because of the amount of market share the resulting company would have. The value of the deal balloons to more than $82 billion when debt is accounted for. Netflix said Friday it would purchase…
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Understanding the Right to Disconnect Bill: Prospects for Parliamentary Approval
Supriya Sule, Lok Sabha MP from the Nationalist Congress Party (Sharadchandra Pawar), introduced a private member’s bill in the lower house on Friday seeking legal right for employees to ignore work-related calls and emails beyond office hours. According to Supriya Sule, the Right to Disconnect bill “fosters a better quality of life and a healthier…
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Fino Payments Bank Receives RBI Approval to Transition into Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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IAF Seeks Approval for Rafale F4 and F5 Acquisition Amidst France’s Hasty Announcement
A diplomatic misunderstanding regarding a major defence acquisition briefly took centre stage earlier this week, highlighting the sensitivities surrounding India’s military procurement processes. The French Ministry of the Armed Forces was compelled to withdraw a public statement that prematurely confirmed an Indian order for 114 Rafale fighter jets, following a swift intervention by New Delhi.…
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Fino Payments Bank Receives RBI Approval to Become a Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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Kerala Launches First AI Innovation Hub in Kozhikode with 90-Year Land Lease Approval
News Desk 06 December 2025, 07:36 AM IST A Dubai-based consortium has been allotted 3.8 acres for Kerala’s first AI Innovation Hub, while 2.5 acres have been granted to the HiLITE Group for developing an IT park. Calicut Cyber Park | Photo: Mathrubhumi Archives Kozhikode, Kerala: In a major boost to IT growth in the…