People are receiving false calls/messages asking for account details for updating KYC: RBI. Suspicious activity can be reported to the National Cyber Crime Reporting Portal. Redemption date for Sovereign Gold Bond (SGB) 2016-1 (issued in 2016) has been set as 8 Feb, 2024. Redemption price: Rs 6,271 per unit (101% more than the issue price). The Indian government is expected to receive $1.8 billion in dividends from state banks in Financial Year 2025, up 8.7% compared to FY24 (based on estimates): Vivek Joshi, India's financial services secretary. Stocks in News • HDFC Bank: got approval from RBI to acquire aggregate holding of up to 9.50% in 6 banks including Yes Bank, IndusInd Bank, and ICICI Bank. • L&T: bagged a large order to construct a bridge across the Brahmaputra river in Assam. • Zee Entertainment: NCLT has agreed to hear the petition for the recently terminated merger with Sony Group's Indian subsidiary. • LIC: launched a new individual life insurance plan called ...
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