HDFC Bank has decided to sell its 100 per cent stake in HDFC Education and Development Services, the bank notified via a regulatory filing yesterday. […]
Author: The Banker Media
PhonePe launches UPI payments in UAE
PhonePe has launched Unified Payments Interface (UPI) on the United Arab Emirates (UAE’s) App Neopay terminals. Users can scan the QR code for seamless and […]
Palanikumar Arumugam joins Hinduja Leyland Finance as CISO
Palanikumar Arumugam has joined Hinduja Leyland Finance (HLF) as its CISO. Prior to this, he was worked with Equitas Small Finance Bank, Shikha Financial Services […]
HDFC Bank appoints Sumant Rampal as head of mortgage business
HDFC Bank has appointed Sumant Rampal as the head of its mortgage business with effect from 28th March, 2024. He replaces Arvind Kapil, who will […]
Kotak Bank acquires Sonata Finance for Rs 537 crore
Kotak Mahindra Bank today acquired Non-Banking Financial Company (NBFC) Sonata Finance for Rs 537 crore. Sonata is operating in 10 states through 549 branches, and […]
RBI modifies guidelines for investment in AIFs by lenders
The Reserve Bank of India (RBI) yesterday revised its guidelines concerning the investment of banks, Non-Banking Financial Companies (NBFCs), and other lending institutions in Alternative […]
IBA elects Daljit Dogra as member of managing committee
The Indian Banks’ Association (IBA) has elected Daljit Dogra, Managing Director, Zoroastrian Cooperative Bank as the member of the Managing Committee. The elections were held […]
Ambit Finvest patners with Daiwa, raises primary capital of Rs 415 crore
Ambit Finvest has partnered with Daiwa through a minority stake. It has raised primary capital of Rs 415 crore, a statement from Ambit Finvest notified. […]
Dvara KGFS secures $14.4 million investment from IIX’S Women’s Livelihood Bond 6
Dvara Kshetriya Gramin Financials (Dvara KGFS) has raised $14.4 million through Listed Non-Convertible Debentures (NCDs) from Impact Investment Exchange (IIX). IIX provided Dvara debt capital […]
Newgen partners with InsureMO
Newgen and InsureMO have formed an alliance that combines Newgen’s specialised underwriting and policy administration solutions with InsureMO’s cutting-edge insurance platform. The partnership promises end-to-end […]