The Reserve Bank of India on Wednesday said 10 NBFCs and one asset reconstruction company have surrendered their registration certificates. The 10 Non-Banking Financial Companies […]
Category: BFSI
Axis Bank enters into revised pact with Max Financial Services for acquiring additional 7% stake in Max Life
Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in […]
Sale of health insurance policies rising in rural areas: Report
Rising cost of healthcare services, demand from the micro-insurance segment and post-Covid awareness is pushing sale of health insurance policies in semi-urban and rural markets, […]
IDBI Bank divestment process to complete in FY24: DIPAM Secy
The divestment process of IDBI Bank will complete in the fiscal year 2023-24, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey […]
IL&FS pays Canara Bank, others Rs 1,300 crore
Lenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what […]
RBI may hike rates in 2023, but bank deposit rates have peaked, say experts
Bank deposit rates may be close to their peaks, with possibilities of further increases likely limited only to select tenures, even as the central bank […]
Indian Bank to hold vostro A/cs of 3 Sri Lankan banks
Indian Bank, which has had a long presence in Sri Lanka, has received the regulatory go ahead to hold special rupee vostro accounts of three […]
NCLAT lets RP Act on Nirmal Lifestyle arm case
The National Company Law Appellate Tribunal (NCLAT) has allowed the resolution professional to form a committee of creditors (CoC) of Nirmal Lifestyle (Kalyan) and proceed […]
Torrent bids ₹8,640 cr upfront for Reliance Capital
Torrent Investments on Friday proposed to pay its entire bid of ₹8,640 crore upfront for acquiring Anil Ambani-promoted Reliance Capital, doubling its immediate payment offer […]
Reserve Bank of India puts on hold NUE licensing
The Reserve Bank of India (RBI) is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned […]