Private lender Bandhan Bank on Friday said it has added 50 more branches to its existing network of around 1350 others across the country. The […]
Category: BFSI
IDBI Bank gets NCLT nod to set off accumulated losses of Rs 45,396 cr
India’s IDBI Bank Ltd on Friday said its proposal to set off accumulated losses has been approved by the National Company Law Tribunal (NCLT). The […]
Insurers plan digital payments platform for reinsurance business
Insurers are looking to set up a digital payments platform (exchange) for effective management of their reinsurance business, which will facilitate reinsurance premiums, commissions, claims, […]
PE funds opting for a locked-box mechanism for high-value transactions
Private equity firms in India are increasingly adopting the “locked box” mechanism, particularly in high-value purchases, to protect the value within the businesses they are […]
IFC may double investments in India to $2.5-3 billion/year
The International Finance Corporation (IFC) could double its investments in India in the coming years and also help Indian companies in their global expansion, Riccardo […]
HDFC Bank opens 500th branch in Tamil Nadu
HDFC Bank on Thursday announced the launch of its 500th branch in Tamil Nadu in Madurai district. The branch at Arasaradi was inaugurated virtually by […]
Axis Bank and Shriram Housing Finance Announce Partnership Under the Co-Lending Model through Yubi
Axis Bank, India’s third largest private sector bank and Shriram Housing Finance Limited (SHFL), a leading Affordable Housing Finance Company, today announced a strategic partnership […]
IRDAI’s new rules for commission payouts may lead to better pricing
The insurance regulator has introduced new regulations on commission payments to intermediaries and expenses of management for general and health insurance companies. While the Payment […]
UPI Payments: Who will pay extra charge, who won’t?
1.1% fee?Buzz prevailed over the whole country as reports emerged saying that the NPCI will levy a fee of up to 1.1% on prepaid payment […]
No charge on normal UPI transactions for customers, says NPCI
The National Payments Corporation of India (NPCI) on Wednesday issued a clarification about the recently introduced interchange charges, saying the charges are not applicable to […]