Kotak Mahindra Bank today acquired Non-Banking Financial Company (NBFC) Sonata Finance for Rs 537 crore. Sonata is operating in 10 states through 549 branches, and […]
Category: BFSI
RBI modifies guidelines for investment in AIFs by lenders
The Reserve Bank of India (RBI) yesterday revised its guidelines concerning the investment of banks, Non-Banking Financial Companies (NBFCs), and other lending institutions in Alternative […]
IBA elects Daljit Dogra as member of managing committee
The Indian Banks’ Association (IBA) has elected Daljit Dogra, Managing Director, Zoroastrian Cooperative Bank as the member of the Managing Committee. The elections were held […]
Ambit Finvest patners with Daiwa, raises primary capital of Rs 415 crore
Ambit Finvest has partnered with Daiwa through a minority stake. It has raised primary capital of Rs 415 crore, a statement from Ambit Finvest notified. […]
Dvara KGFS secures $14.4 million investment from IIX’S Women’s Livelihood Bond 6
Dvara Kshetriya Gramin Financials (Dvara KGFS) has raised $14.4 million through Listed Non-Convertible Debentures (NCDs) from Impact Investment Exchange (IIX). IIX provided Dvara debt capital […]
Newgen partners with InsureMO
Newgen and InsureMO have formed an alliance that combines Newgen’s specialised underwriting and policy administration solutions with InsureMO’s cutting-edge insurance platform. The partnership promises end-to-end […]
Bengaluru witnesses maiden edition of LendTechX 2024
B2B Market Media (B2B) | The Founder Media (TFM) organised the maiden edition of LendTechX 2024 in Bengaluru on 15th March. The conclave, with the […]
Bank of Baroda launches bob Earth Green Deposits
Bank of Baroda yesterday launched the bob Earth Green Term Deposit scheme to raise deposits that will be deployed towards financing eligible environment-friendly projects and […]
Centre appoints Brajesh Singh as Indian Bank’s ED
The Central Government has appointed Brajesh Kumar Singh as the Executive Director (ED) for Indian Bank yesterday for a period of three years, the bank […]
Bank of India makes two new appointments
Bank of India has appointed MR Kumar as the Non-Executive Chairman. He will be responsible for overseeing the overall growth trajectory of the public sector […]