The fate of European lender Credit Suisse Group AG is of greater importance to the Indian banking sector than the collapse of Silicon Valley Bank, […]
Category: BFSI
Govt unlikely to roll back tax plan on high-value life insurance
The Indian government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials […]
Mindpsace REIT raises Rs 550 crore through green bonds to refinance loans
Mindspace Business Parks REIT (Mindspace REIT) has raised Rs 550 crore through an issue of green bonds. In a regulatory filing, Mindpsace REIT stated that […]
Banks from 18 nations open 30 special vostro accounts for trade in rupee
Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
Pause in interest rate hikes may spur private investment: Sanjiv Bajaj, president, CII
New Delhi: A pause in interest rate increases by the Reserve Bank of India (RBI) could provide private investment the support it needs to build […]
L&T Finance invites bids for ₹880-cr Xrbia loans
L&T Finance is seeking buyers for a distressed real estate portfolio comprising loans given to Pune-based Xrbia Group, said two people aware of the development. […]
Indian banks have a strong case to not bear the brunt of Silicon Valley Bank collapse
The fallout from the collapse of Silicon Valley Bank that has spread fears across countries may not adversely hit Indian lenders banking on their strong […]
Better financial health of RRBs prompts sponsor banks to explore listing them
Regional Rural Banks (RRBs), once considered laggards in the banking ecosystem, are slowly coming into their own. For the first time, banks are now considering […]
‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and […]
Govt appoints Siddhartha Mohanty as interim chairman of LIC
The government has appointed Siddhartha Mohanty as the interim chairman of Life Insurance Corporation of India (LIC) for three months starting March 14. As per […]