Bandhan Bank Gets CCI Nod For Merger With Gruh Finance
Our BureauBandhan Bank has received approval from the Competition Commission of India (CCI) for the proposed scheme of a... Read more
Magma Fincorp Sees Credit Growth Picking Up In FY20
Magma Fincorp, which had witnessed moderation in disbursals during the festival season last year, is expecting credit g... Read more
Non-deposit Taking NBFCs Must Have Minimum Investment Grade Rating To Get Forex Trade Licence: RBI
Systemically important non-deposit taking NBFCs (investment and credit companies) should have a ‘minimum investment gr... Read more
Will Former Dena, Vijaya Bank Heads Explore Another Merger In PSB Space?
Sankara Narayanan and Karnam Sekar are well-positioned to set the ball rolling for a fresh amalgamation, say banking exp... Read more
Monsoon Season Likely To Cloud Indias Bond Rally
India’s bond rally is petering out as expectations for more rate cuts by the central bank are fading and the all-impor... Read more
JM Financial Products To Raise ₹1,000 Cr Via NCDs
The issue comes with a base size of ₹200 crore and an ₹800-crore greenshoe option. Read more
IBBI To Conduct Roadshow In Hong Kong To Highlight Opportunities In Stressed Assets
Continuing with its efforts to build awareness on investment opportunities in the burgeoning stressed assets market in I... Read more
Want To Find An Independent Central Bank? Head To China
Truly independent central banks are beginning to look like an endangered species. Donald Trump continued to hammer his F... Read more
IDBI Bank Launches Paperless Account Opening Facility For NRIs
Non-Resident Indians (NRIs), living in nearly 40 countries, will now be able to open account in IDBI Bank without submit... Read more
LVB To Allot Nearly 5% Shares To Indiabulls Housing Finance
Lakshmi Vilas Bank (LVB) on Monday said it plans to allot nearly 5 per cent equity shares on a preferential basis to Ind... Read more
IndusInd Bank Raises $400 Million In Funds
Private sector lender IndusInd Bank, on Tuesday, said it has raised $400 million in funds at a coupon rate of 3.875 per ... Read more
Bajaj Finserv To Ramp Up Digital Offerings Of Insurance Biz In Next 12 Months: CEO Sanjiv Bajaj
Will also expand digital lending into Tier 3 and Tier 4 towns, says Sanjiv Bajaj Read more
Lakshmi Vilas Bank Board To Meet On April 12 To Approve Fund-raising Plans
The Tamil Nadu-based lender had, last week, announced plans to merge with Indiabulls Housing Finance through a share swa... Read more
SBI Reduces Lending Rate By 5 Basis Points Across Tenors
Slashes housing loan rate by 10 bps Read more
Now, Regional Sales Execs To Help Slash Turnaround Time At Karnataka Bank
Karnataka Bank, which has introduced the regional sales executive (RSE) concept, hopes to cover 60-70 per cent of branc... Read more