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Union Bank lines up maiden ₹7,500 crore infra bond issue

Buzz line2 months ago01 mins

So far in 2025-26, only three banks—Bank of India, Bank of Baroda, and Axis Bank—have tapped infrastructure bonds, raising a total of ₹25,000 crore, as against ₹Rs 94,488 crore raised by 11 lenders a year ago, according to ratings firm Icra Ltd. Source

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Bank of America settles lawsuit with Epstein accuser, avoids trial — Details

Buzz line2 months ago03 mins

NEW YORK, March 16 (Reuters) – Bank of America has settled a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Monday. The proposed class action, filed in October by a woman using the pseudonym Jane Doe, accused the nation’s second-largest bank of…

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Govt sets up panels to work out PFC-REC merger process

Buzz line2 months ago07 mins

New Delhi: The power ministry on Thursday set up two panels to study the modalities of the proposed merger of state-run Power Finance Corp and its subsidiary REC Ltd, and oversee the restructuring process of the two financial institutions. The ministry has set up a working group with one executive director each from the two…

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