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 […]
Category: BFSI
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 […]
InPrime Finserv raises $3 million in Series A round
InPrime Finserv has raised $3 million in Series A round led by Matrix Partners India. The round also saw participation from existing investors, InfoEdge Ventures, […]
FIDC releases its vision document and Code of Conduct for NBFCs
The Board of Directors for the Finance Industry Development Council (FIDC) has released its vision document and Code of Conduct today, a statement from FIDC […]
Centre appoints Rajay Kumar Sinha as IRDAI’s finance member
The Centre has appointed Rajay Kumar Sinha as the Whole-Time Member (Finance and Investment) of the Insurance Regulatory and Development Authority of India (IRDAI) for […]
RBI revises guidelines for Small Finance Banks
The Reserve Bank has raised the minimum capital requirement for Small Finance Banks (SFBs) to Rs 200 crore and permitted payments bank to upgrade as […]
Hitachi Payment Services acquires Writer Corporation’s cash management business
Hitachi Payment Services yesterday acquired Writer Corporation’s cash management business and unveiled its new name – Hitachi Cash Management Services, in line with Hitachi’s single […]
RBI asks Federal Bank to submit new names for CEO’s post
The Reserve Bank of India (RBI) has asked Federal Bank to submit a fresh proposal comprising two fresh names for the position of Managing Director […]