Indian Bank, which has had a long presence in Sri Lanka, has received the regulatory go ahead to hold special rupee vostro accounts of three […]
Category: BFSI
NCLAT lets RP Act on Nirmal Lifestyle arm case
The National Company Law Appellate Tribunal (NCLAT) has allowed the resolution professional to form a committee of creditors (CoC) of Nirmal Lifestyle (Kalyan) and proceed […]
Torrent bids ₹8,640 cr upfront for Reliance Capital
Torrent Investments on Friday proposed to pay its entire bid of ₹8,640 crore upfront for acquiring Anil Ambani-promoted Reliance Capital, doubling its immediate payment offer […]
Reserve Bank of India puts on hold NUE licensing
The Reserve Bank of India (RBI) is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned […]
Indian small finance banks cheer easing bad loan ratio
Ujjivan Small Finance Bank said its gross non-performing assets ratio stood at 3.3% at the end of December 2022 as against 9.8% a year back. […]
Fresh KYC process can be done through video, says RBI
The Reserve Bank of India has released fresh guidelines for the know your customer (KYC) processes that allow for them to completed remotely. “Fresh KYC […]
RBI lifts restrictions imposed on Mahindra Finance
Restrictions imposed on Mahindra Finance have been lifted. On September22, 2022 , the Reserve Bank of India had directed Mahindra & Mahindra Financial Services to […]
NARCL makes highest offer for twin Srei companies at auction
Government-owned National Asset Reconstruction Co (NARCL) gave the highest offer of Rs 5,555 crore for the twin Srei companies at an auction held by the […]
Mashreq Global Network looks to ramp up India presence
Mashreq Global Network (MGN), a wholly owned subsidiary of Mashreq Bank, is looking to ramp up its presence in India. The capability centre was established […]
Sanjay Mudaliar joins IOB as executive director
Public sector Indian Overseas Bank (IOB) on Wednesday said Sanjay Mudaliar has joined the bank as its executive director with immediate effect. Prior to taking […]