Bandhan financial Services will raise funds via internal accruals.
MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
Union Minister for State for Communications Ashok Pradhan has said the government will provide 'substantial' relief under a special package, on basic and mobile phones of BSNL, being presented as gifts to sisters on Raksha Bandhan on Tuesday.
'Even if we have laws in place, which we must, we need a societal change.' 'Rather than telling our daughters that, "Listen, leave your house at so and so time, come back by so and so time," we must tell the men and boys that "Whatever point of time you encounter a woman in public space or wherever, you treat her with respect, dignity, and as an equal participant in these public spaces".'
A look at the top tweets from your favourite Bollywood celebrities.
She'd like to be known as a woman who is 'more than just a pretty face'.
We bring you glimpses of Raksha Bandhan celebrations in previous years from across the country.
Here's what your favourite Bollywood celebrities are tweeting.
A financial Raksha Bandhan gift isn't as much fun as a regular gift. However such a gift is much more worthy then a box of chocolates from a fancy mall.
Bandhan expects to commence banking operations in 2015, by opening nearly 600 branches targeting 10 million customers.
So Raksha Bandhan is around the corner and you're probably fretting over what you should be getting your sister when she shows up with that rakhi. Here's a quick list of gadgets you can gift your sis this Raksha Bandhan.
Have you shared yours yet?
Readers send in messages for their siblings ahead of Raksha Bandhan on August 5.
These government school students do. Every day.
We are inviting you, our readers, to tell us of the most memorable moments you've shared with your sister and brother.
The Khan-daan's Rakhi celebrations.
Sex workers in Kamathipura, central Mumbai, tie a rakhi on the postman who brings them mail -- and this week, a gift of the Tiranga.
HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank.
Are you eager to get that band around your wrist? That band that symbolises love and support. Here's what some young people had to say about this ancient holiday.
Former India all-rounder Irfan Pathan has once again found himself at the receiving end for sharing a snap of himself celebrating the festival of Raksha Bandhan, on Monday.
'If 99.99 per cent of these micro borrowers are good at repaying their loans, why can't we look at the SMEs and MSMEs and replicate the same model for them with our stringent risk management system,' Chandra Shekhar Ghosh, chairman and managing director of India's newest private sector bank, tells Prasanna D Zore/Rediff.com.
Over 75 per cent of the bank's Rs 175 crore NPA arises from Uttar Pradesh, Madhya Pradesh and Maharashtra.
Bandhan Financial Services, which was given a banking licence on Wednesday, hopes to come up with a unique business model, with a mix of doorstep and retail banking.
Her remarks in a post on X came after BJP IT department head Amit Malviya claimed that a 'tussle' was going on between Priyanka Gandhi and Rahul Gandhi.
It's time to surprise your sibling with these delightful Raksha Bandhan treats.
Shabana Azmi looks forward to Raksha Bandhan like a dutiful sister.
Holidays on Ram Navami and Janmashtami, associated with the most popular of Hindu deities Lord Rama and Lord Krishna respectively, have been done away with and on the other hand, the number of days requiring schools to remain shut for Muslim festivals has been increased, Modi alleged.
Rajul Hegde caught up with a host of TV stars and got them to share their special memories and plans for Raksha Bandhan tomorrow.
To celebrate the special bond siblings share on the occasion of Raksh Bandhan, we invited readers to share special moments they've spent with their brothers/sister. Here are some of the responses we received. Share yours!
Here's what your favourite Bollywood celebrities are tweeting.
On the occasion of Raksha Bandhan, many women and children came out to tie rakhis to their brothers.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
Often close friendships might take an uncertain turn when a close pal decides to take your relationship to the next level -- the brother-sister level. How do you dela with the situation if you feel more romantically inclined?
Send us your favourite Raksha Bandhan anecdote about the festival or the the best gift you received.
Various people also presented the President with rakhis.
After Bandhan MF's US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF. US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates. According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively. Although the yields remain lower than what Indian government bonds offer, the differential has come down steeply.
rediffGURU Sunil Lala answers your personal finance-related queries.
Ending days of suspense, the Reserve Bank on Wednesday granted banking licences to infrastructure financing firm IDFC and microfinance institution Bandhan from among 25 applicants that included corporate heavyweights ADAG Group, Aditya Birla Group and Bajaj Group.
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