The Big Four firms are striking large and complex mergers & acquisition (M&A) investment banking deals, hitherto the preserve of bulge bracket investment banks, after […]
Category: BFSI
Budget likely to drop PAN for some financial transactions with Aadhaar
The upcoming budget may drop the requirement of quoting the Permanent Account Number (PAN) for certain financial transactions if Aadhaar is available, as financial institutions […]
Credit growth far away from being considered ‘exuberant’, says RBI Governor Shakitkanta Das
The present credit growth in India is far away from being considered ‘exuberant’ and there is no ‘big gap’ between the credit growth and deposit […]
Potential bidders seek tax benefits on IDBI’s losses
Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to the acquiring entity in case […]
Need similar regulations for banks and fintechs if underlying activity is same: RBI DG
Reserve Bank Deputy Governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like fintechs if they are undertaking […]
At Rs 8,640 crore, Torrent highest bidder for Reliance Capital
Torrent Investments is the highest bidder for Anil Ambani-owned Reliance Capital, having offered Rs 8,640 crore for the debt-laden financier at an auction held on […]
Banks write off loans worth Rs 11.17 lakh crore in last 6 years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed […]
Indian banks may set new credit growth record at Rs 19 lakh crore
Indian lenders are set to see life high credit growth, surpassing the Rs 19 lakh crore mark in the current fiscal year, domestic rating agency […]
HDFC hikes home loan rates
Housing Development Finance Corp Ltd (HDFC), India’s largest non bank mortgage lender has hiked its retail prime lending rate (RPLR) by 35 basis points effective […]
Decision on privatisation of PSBs after consultation: Govt
The government on Monday said it will take a view on privatisation of public sector banks (PSBs) after consultation with the department and the regulator […]