"Third-party products and services, including those of promoter groups or bank group entities, shall not be displayed on banks' digital banking channels except as specifically permitted by the Reserve Bank from time to time," the RBI stated in its draft Digital Banking Channels Authorisation Directions, which is open for public feedback until August 11. The RBI has also stated that banks should not make it mandatory for the customer to opt for any digital banking channel to avail any other facility like debit cards.
The Plymouth, Michigan-based company plans to create at least 75 new jobs within four years at the plant to qualify for a state tax credit, with an estimated value of about $4 million.
Milky Mist Dairy Food has filed for a 2,035 crore IPO, including a 1,785 crore fresh issue. Funds will be used for debt repayment, capacity expansion, and distribution network enhancement. The company focuses exclusively on value-added dairy products.
LIC increased its stake in SBI from 9.21% to 9.49% through participation in SBIs record Rs 25,000 crore QIP. The offering saw overwhelming interest, receiving bids worth Rs 1.10 lakh crore from 120 institutional investors globally.
