The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. The merger between the two entities has received in-principle […]
Category: BFSI
US banking crisis shows importance of robust regulators, risks of cryptocurrencies: RBI guv Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das said today that the ongoing banking crisis in the United States has once again underlined the importance […]
DIPAM rubbishes media reports of IDBI Bank disinvestment deferment
The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred and said that the transaction […]
RBI imposes Rs 5 lakh penalty on HDFC
The Reserve Bank of India on Friday said it has imposed a penalty of Rs 5 lakh on Housing Development Finance Corporation Limited (HDFC) for […]
NCLT approves Welspun takeover of Sintex BAPL
The National Company Law Tribunal (NCLT) bench of Ahmedabad on Friday approved a resolution plan submitted by Welspun Group for the turnaround of KKR-backed popular […]
Micro loan disbursement jumps 20% in December 2022 quarter to Rs 77,877 cr
Micro loan disbursement jumped about 20% in the December 2022 quarter to Rs 77,877 crore over Rs 65,392 crore in the year ago period, backed […]
Piramal to sell DHFL loans to JM Financial ARC
Piramal Capital & Housing Finance will sell its ₹5,546-crore bad loan portfolio inherited from Dewan Housing Finance (DHFL) to JM Financial Asset Reconstruction Company after […]
RBI keeps close watch on Credit Suisse crisis
The Reserve Bank of India (RBI) is monitoring developments related to Credit Suisse, though the Swiss lender’s limited size and scope in the country means […]
State-run banks told to draw up 3-year road map
The finance ministry has asked all state-run banks to draw up a strategic road map for three years starting fiscal 2024, government officials said. In […]
Credit Suisse more relevant than Silicon Valley Bank in India: Jefferies
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, […]