Jio Financial Services has also applied to the BSE and the NSE for listing of these equity shares. The allotted equity shares will remain frozen in the depository system till listing premission is granted by BSE Ltd.

NARCL emerged as the winning bidder for the two Srei group firms — Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) — through an insolvency resolution process in February, according to PTI.

The platform's automation and artificial intelligence are poised to combat billing inefficiencies that cost the nation $300 billion annually, the firm said.

HDFC bank has not been fully successful in getting all the forbearance it had sought from the Reserve Bank of India (RBI) on the liabilities front. The RBI refused to provide any exemptions on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements on the deposits that come from HDFC, which was a deposit-taking entity, according tom PTI.