Indian Banking Industry News & Updates - November 2021
No CV points for govt, utility spends: Axis Vistara credit card devalued
• Government services transactions will not be eligible for earning Club Vistara points and achieving milestone benefits.
Excess SLR holdings reason for RBI's comfort on Abhyudaya Co-operative Bank
“There was comfort since the bank has excess SLR, meaning any depositors who come to withdraw money should not have any problem. Currency chests were also kept open to meet any requirements. However, it was not required as everything went off smoothly,” said a source familiar with the development.
Corporate bond issuances rebound in November as market gains stability
Estimates suggest that Indian companies might have raised Rs 82,590 crore as of November 28, according to market sources, against Rs 33,148 crore in October.
Govt invites fresh bids from asset valuers of IDBI Bank
The government on Wednesday issued a fresh RFP for the appointment of asset valuer for strategic sale-bound IDBI Bank. The last date for submitting bids by asset valuer is January 5, the Department of Investment and Public Asset Management (DIPAM) said while floating the Request For Proposal (RFP).
Sequoia-backed mobile wallet Mobikwik selects banks for $84 million IPO
By Baiju Kalesh One Mobikwik Systems Ltd. has selected banks for its initial public offering in Mumbai that could raise about $84 million, according to people familiar with the matter.
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