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RBI has allowed IDFC Limited to exit IDFC First Bank as a promoter

In a regulatory filing, IDFC said, “We would like to inform you that the Reserve Bank of India (“RBI”) has, vide its letter No. DOR..HOL.No.SUO‐75590/16.01.146/2021‐22 dated July 20, 2021, clarified that after the expiry of lock‐in period of 5 years, IDFC Limited can exit as the promoter of IDFC FIRST Bank Limited.”

Next-Gen S-Cross To Likely Debut In 2022 With A Hybrid Engine

Suzuki is widely reported to be working on the next generation S-Cross and it will make its global debut sometime next year in Europe before going on sale in other markets possibly including India. It is said to get a thorough revamp in design and some form of electrification will be made available, which could help in reducing the brand’s overall carbon footprint.