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
IOB Reduces Lending Rate By A Marginal 5 Bps To 8.65%
Public sector lender Indian Overseas Bank (IOB), on Tuesday, announced that it has reduced its marginal cost of funds-ba... Read more
Despite Differences, BJP And Congress Sing The Same Tune On PSB Merger
Congress to take forward amalgamation of PSBs, which was initiated by the BJP-led NDA government during its five-year ru... Read more
Dvara KGFS Acquires Varam Capital
Dvara KGFS (formerly IFMR Rural Channels and Services), on Tuesday, announced the acquisition of Chennai-based micro fin... Read more
Paytm Plans Digital Distribution Of General Insurance This Fiscal: CEO
Mobile payments platform Paytm will undertake digital distribution of general insurance products this fiscal, said its F... Read more
French Bank Societe Generale To Cut 1,600 Jobs
750 jobs to go in France on voluntary basis and other cuts to take place in New York and London Read more
Srei Opens Bond Issue To Raise Up To Rs 500 Cr
Srei Infrastructure Finance on Tuesday opened its bond issue to raise up to Rs 500 crore for on-lending and meeting gene... Read more
Banks To Post Better Performance In FY20
Outlook for lenders improving on reduction in stressed loans and improving profitability Read more
Axis AMC Raises ₹400 Cr Via Realty Fund
Investors in the fund include the AMC sponsor, domestic institutions, and high net worth investors Read more
Will Banks Act Proactively To Deal With Stressed Assets Or Kick The Can Down The Road?
The sword of Damocles hanging over banks’ heads has been done away with, thanks to the Supreme Court’s ruling that h... Read more