Regulator Irdai on Friday said Life Insurance Corporation of India, General Insurance Corporation of India, and New India Assurance Co continue to remain as Domestic […]
Category: BFSI
IL&FS Group makes interim distribution payout of Rs 29,000 crore to secured creditors
The IL&FS Group has so far paid back Rs 29,000 crore to the secured creditors, with the latest being an interim pay-out of Rs 920 […]
DMI Finance announces the closure of a USD 400 Million equity investment round led by Mitsubishi UFJ Financial Group, Inc.
DMI Finance Private Limited (“DMI Finance”) today announced the closure of a USD 400 million equity investment round led by Mitsubishi UFJ Financial Group, Inc. […]
Loans rise across industry, agriculture, retail and services sectors
Bank credit rose across all – Industry, agriculture, retail and services sectors this fiscal despite rise in rates. On a year-on-year (y-o-y) basis, non-food bank […]
Airtel to provide WhatsApp services to India Post Payments Bank users
Bharti Airtel will provide WhatsApp communication services for India Post Payments Bank (IPPB) customers, allowing them access to banking services on their mobile phone, the […]
Citigroup CEO visits Chennai; discusses about Global Capability Centres landscape in India
Citigroup CEO Jane Fraser along with top management officials visited the company’s Citi Solutions Centre here and held discussions about the landscape of Global Capability […]
Bandhan Bank adds 50 new branches to its network
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 […]
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 […]