Both offers are with effect from March 5, 2023, and are valid for a limited period till March 31, 2023, BoB said in a statement.

As part of the changes, the company will launch a new brand and name in May this year. It also plans to merge its seven subsidiaries into the housing finance company to ensure a single-minded focus on mortgages for which it will seek court approvals in the first half of next fiscal.

The Reserve Bank of India on Friday imposed a Rs 5,000 cap on withdrawals by individual customers from Tamil Nadu-based Musiri Urban Co-operative Bank as part of several restrictions slapped on the lender due to its deteriorating financial condition.

The central bank, however, added the penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the Amazon Pay (India) with its customers.

​​The top court was hearing the appeal by Yes Bank against a Bombay High Court ruling tat had set aside an administrator's decision to write off AT1 bonds worth 84.5 billion rupees ($1.03 billion) in March 2020 as a part of the lender's restructuring initiated by the Reserve Bank of India.

In a move to safeguard customers from fraudulent payment of cheques, state-owned Punjab National Bank (PNB) has made the Positive Pay System (PPS) compulsory for cheque payments worth Rs 5 lakh and above. Earlier, the mandatory submission of cheque details in PPS was set at Rs 10 lakh and above.

Mutual funds are an investment option that come with a certain amount of risk. Mutual funds are known to be one of the most preferred investment instruments. They are both great investment options and come with a certain amount of risk. Both risk and return are two sides of the same coin.

Analysts say that since the lender would also have a post-integration expense of ₹1,500 crore expensed over 18 months, the deal will only be profit accretive at the end of the calendar year 2024.