RBL Bank appointed as collecting banker to 1st IPO from GIFT IFSC

New Delhi, Mar 17 (PTI) RBL Bank on Tuesday said it has been appointed as one of the collecting bankers to the proposed Initial Public Offering (IPO) of XED Executive Development Ltd, the first public issue to be launched from India’s International Financial Services Centre (IFSC) at GIFT City.

The USD 12 million 100 per cent book-built issue opened on March 16 and will close on March 24, 2026, with listing expected later on NSE IFSC and India INX, RBL Bank said in a statement.

As a designated collecting banker for the issue, RBL Bank will facilitate the receipt and processing of subscription funds from eligible non-resident and international investors participating in the USD-denominated offering, it said.

****** BHIM Payments App appoints MS Dhoni as brand ambassador *NPCI BHIM Services Ltd (NBSL) on Tuesday announced the appointment of former Captain of the Indian Cricket Team, Mahendra Singh Dhoni as the brand ambassador for the BHIM Payments App.

The partnership brings together two names synonymous with trust, consistency, and dependability, reflecting values that resonate across generations and geographies, NBSL said in a statement.

As BHIM approaches a decade of enabling India’s digital payments journey, this association marks a strategic step in its next phase of growth focused on scale, inclusion, and long-term user confidence, it said. PTI DP DP MR