State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at […]
Category: BFSI
LIC may look at composite licence after passage of Insurance Laws (Amendment) Bill
The country’s largest insurer LIC may take a call on composite licence clause after the passage of Insurance Laws (Amendment) Bill in Parliament, sources said. […]
Credit card spends fall for the first time in six months
Mumbai: Consumer spending on credit cards fell for the first time since July, signalling an end to the festive season that had begun with Onam. […]
Piramal Capital bets big on developer financing loans
Almost a year after acquiring beleaguered housing finance lender DHFL, Piramal Capital and Housing Finance is betting big on developer financing loans as demand for […]
Big 4 are now emerging as big force in M&A I-banking, too
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 […]
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 […]