MUMBAI: HDFC Bank announced on October 19 that it will sell equity shares worth Rs10,000 crore via an offer for sale (OFS) in its subsidiary, HDB Financial Services Ltd, as part of the much-anticipated Initial Public Offering (IPO) of the unit. The total IPO size will amount to Rs12,500 crore, including a fresh issue of Rs2,500 crore.
Railway to hire retirees
NEW DELHI: Railways to rehire retired employees under 65 years to address staffing shortage.Under this scheme, retired employees under the age of 65 can apply for roles such as supervisors and track men. Appointments will last for two years, with the option for extensions. General managers of all railway zones can hire these retirees based on their medical fitness and performance ratings from the last five years.
Student visa terms to be tighter
LONDON: Starting January 2, 2025, the United Kingdom will implement new financial requirements for international students, marking a significant overhaul in the country’s approach to higher education. This policy change, which is the first since 2020, demands that prospective international students demonstrate increased financial savings to be eligible for a student visa. Under the revised regulations, students planning to study in London will need to show they have 1,483 pounds (around Rs1.63 lakh) in savings per month, up from the current requirement of 1,334 pounds (around Rs1.46 lakhs)
RBI Bank profit down 24%
MUMBAI: RBL Bank Q2 net profit down 24 per cent on credit card, MFI exposures stress. The private sector lender had reported a post-tax net profit of Rs294 crore in the year-ago period, and Rs372 crore in the preceding June quarter.
