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Afcons Infrastructure plans Rs 19,000 crore IPO, acquired from ICICI Bank. Includes companies like Forbes & Company, Gokak Textiles from Tata Group. SP Group's IPO aims to raise Rs 7,000 crore.
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Axis Bank customers faced fraudulent transactions with international merchants due to 'BIN attack'. No breach detected. Cybercriminals use BIN attacks to generate valid credit card numbers. Customers have chargeback rights for e-commerce transactions.
5:10 PM
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Agency banks instructed to operate on March 31, 2024, for government transactions. NEFT, RTGS, cheque clearing available till midnight. Revenue receipts, pension payments, PPF included. RBI oversees government banking operations through designated branches.
4:10 PM
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Shareholders of ICICI Securities took to social media to report that bank executives reached out to them directly, urging them to support the resolution for delisting. Following the allegations, concerns have been raised by lawyers and market experts over the potential regulatory scrutiny of the voting process.
8:10 PM
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April 2024 brings 14 bank holidays for the new financial year, with celebrations like Ram Navami, Baisakhi. RBI's list impacts public, private banks, with operational internet banking services. Varying state-specific holidays and ATM services availability noted.
1:10 PM
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Indian banks are gearing up for changes in rules on international credit card spending under the liberalised remittance scheme (LRS). The Reserve Bank of India (RBI) plans to include overseas credit card transactions within the annual remittance cap. New regulations aim to regulate expenditures and tax collection on high-value expenses.
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