The National Bank for Agriculture and Rural Development (NABARD) has projected a double-digit growth in priority sector lending potential of Rs 3.15 lakh crore in […]
Category: BFSI
Northern Arc Capital files IPO papers with SEBI
Northern Arc Capital has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). […]
ESAF partners with Edelweiss Tokio to offer life insurance products
ESAF Small Finance Bank has declared a bancassurance collaboration with Edelweiss Tokio Life Insurance. The partnership plays a role in ESAF Small Finance Bank’s strategy […]
U GRO Capital raises Rs 2,500 million from Asian Development Bank
U GRO Capital has raised Rs 2,500 million through Non-Convertible Debentures (NCDs) from Asian Development Bank (ADB). Speaking in this regard, Shachindra Nath, Founder and […]
AU Small Finance Bank appoints HR Khan as part-time Chairman
AU Small Finance Bank (SFB) has appointed Reserve Bank of India’s (RBI) former Deputy Governor HR Khan as part-time Chairman. In an exchange notification, the […]
Bank of Baroda launches ‘current account’ package
Bank of Baroda (BoB) yesterday launched a ‘current account’ package with seven new differentiated current account products. Each current account product has been curated to […]
Karnataka Bank to raise Rs 100 crore equity from ICICI Lombard
Karnataka Bank has planned to raise Rs 100 crore worth of preferential shares to ICICI Lombard General Insurance. The preferential shares are set to be […]
CCI gives consent to proposed merger of Fincare SFB with AU SFB
The Competition Commission of India (CCI) has approved the proposed merger of Fincare Small Bank into AU Small Finance Bank. The approval for the merger […]
SK Finance raises Rs 1,328 crore
SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, completed an equity round totalling Rs 1,328 crore from the […]
U Gro Capital enters billion dollar AUM Club
Non-Banking Financial Company (NBFC) UGro Capital has entered the billion dollar AUM Club with its Q3 and 9M’FY24 results. The company reported a net profit […]