Bain Capital, the US-based investment company, announced on July 23 that it has signed a pact to acquire 90% of Adani Capital and Adani Housing. […]
Category: BFSI
Domestic banks lure techies from top tech companies
Domestic Indian banks, which have fast tracked their efforts to enhance their digital capabilities, are luring top-notch tech talent from leading new age companies and […]
Bandhan Bank looks to sell Rs 500-cr stressed home loans to ARCs
Bandhan Bank invited offers from asset reconstruction companies (ARC) for its Rs 500-crore distressed retail mortgage portfolio to lower the share of bad loans, said […]
Fino Payments looking to upgrade to small finance bank
Fino Payments Bank is keen to become a small finance bank after having completed five years of operations, Managing Director Rishi Gupta said. The Navi […]
Universal Postal Union to evaluate UPI platform for cross-border remittances using global postal network
The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using global postal network, an official release said on […]
PhonePe Launches India’s first Health Insurance platform with monthly subscriptions
PhonePe Insurance Broking Services, today announced the launch of health insurance plans offering comprehensive insurance in partnership with leading insurers. What sets these health insurance […]
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital
Lenders of Reliance Capital (RCAP) have approved the capital infusion in Reliance General Insurance to improve solvency margin of the general insurance arm, according to […]
‘Foreign banks’ exposure to trades in long-term bonds not a concern’
The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major […]
PSU banks in real danger of privatisation, says AIBOC
All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said state-run lenders are in “real danger of […]
SBI to set up trustee company to manage corporate debt market development fund
State Bank of India (SBI) will set up a trustee company, which will be its wholly-owned subsidiary, for managing the Corporate Debt Market Development Fund […]