Every company needs to raise funds for various reasons such as repayment of debt, capital requirement, expansion etc. As the need for funds is universal, the Securities and Exchange Board of India, ...

If you are an investor and applying for an initial public offering (IPO), then you need to know about certain things related to public issue. One of the key facts related to IPO is ASBA (Applications ...

While early adopters have shown the system can work, several insurers seem to continue to grapple with legacy infrastructure, ...

The Securities and Exchange Board of India (Sebi) is working on a new payment system for the secondary market, which could prevent brokers from accessing their client funds. Photograph: Kunal ...

Stock exchanges should need to accept the ASBA applications in their electronic book building platform only with a mandatory confirmation on the application monies blocked, Sebi further said.(Photo: ...

How does it benefit a mutual fund investor? An investor will continue earning interest in the bank account until the NFO closes (the maximum period for an NFO has been reduced to 15 days for all ...

In a bid to facilitate bidding for the public issue of the life insurer Life Insurance Corporation of India (LIC), the government has requested all bank branches designated to process Application ...

In what could be seen as definitive move towards making the Applications Supported by Blocked Amount (ASBA) process effective, the Sebi has announced that it has received self certification ...

Mumbai: Public sector lender Union Bank of India today said that it has made available the ASBA service to its customers for the rights issue of Tata Motors and Sadhana Nitro Chem, both of which ...

Bajaj Allianz Life has become the first mainstream insurer to implement the BIMA-Application Supported by Blocked Amount (Bima-ASBA) facility. This initiative, launched by the Insurance Regulatory and ...