State-owned Punjab & Sind Bank would take a call on raising equity capital through qualified institutional placement (QIP) after taking into account third quarter numbers and pace of loan […]
Category: BFSI
Prima facie termination of Kochhar as ICICI CEO valid, says HC; won’t get post retirement benefits
The Bombay High Court on Thursday said the termination of Chanda Kochhar from the post of CEO of ICICI Bank was prima facie “valid” and […]
Banks to tap intelligence agencies before loans to ex-defaulters
Banks will now tap intelligence agencies for their inputs at various stages of a loan cycle in the case of borrowers who have defaulted in […]
Kairus Shavak Dadachanji buys stake in Shrem InvIT
Kairus Shavak Dadachanji, chairman of the Dadachanji Group of Companies invested Rs 156 crore through a bulk deal as the wealthy investor bought 1.5 crore […]
Julius Baer strengthens its onshore India team
Foreign wealth manager Julius Baer has further strengthened its onshore India team, by onboarding Akul Juneja as Managing Director Senior Advisor, based in New Delhi. […]
Insurance contracts have very little option for consumers except to sign on dotted lines: Supreme Court
Insurance contracts prepared by an insurer have very little option or choice for a consumer, except to sign on the dotted lines, the Supreme Court […]
Muthoottu Mini Financiers introduces Safe lock Gold Loan facility
Gold loan NBFC Muthoottu Mini Financiers has introduced Safe lock Gold Loan facility that enables customers to avail the benefits of a locker by pledging […]
Indian financial regulators may rebuff Europe demands: Sources
Indian financial market regulators are unlikely to provide their European counterpart supervisory and auditing powers over domestic clearing corporations and expect them to extend an […]
Central bank digital currency could end RBI-ESMA row
The deadlock between the Reserve Bank of India (RBI) and the European Securities and Market Authority (ESMA) over the inspection of Indian financing clearing houses […]
RBI, CCIL urge Japan to drop inspection clause
The tussle between Indian financial market regulators and their peers in developed countries over ‘extra-territorial jurisdictions’ is playing out on multiple fronts, leaving a dozen […]