There has been an increase in ransomware cases in banks, and data exfiltrated from such attacks and made available in dark webs pose serious concerns, […]
Category: BFSI
IOB-led lenders group puts Sion Panvel Tollways’ ₹862-cr bad loan on sale
Lenders, led by Indian Overseas Bank (IOB), are selling ‘862 crore of bad loans from Sion Panvel Tollways (SPTL), the concessionaire originally tasked with collecting […]
RBI imposes Rs 2.2-crore penalty on Indian Overseas Bank
Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies […]
ICICI Bank commits ₹1,200 cr to Tata Memorial centre, largest donation made under CSR by any Indian company
ICICI Bank on Friday announced a commitment to contribute ₹1,200 crore towards Tata Memorial Centre (TMC), to expand infrastructure at three cancer treatment hubs. The […]
Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.
The company said the new card will help startups and small businesses that are constantly facing challenges, causing disruptions in their day-to-day operations and forced […]
Future Generali to now let policy buyers customise their health insurance plans
Future Generali India Insurance today launched a new health insurance plan that can be tailor-made to address growing aversion of customers to inclusion of standardised […]
360 One Asset raises Rs 2,130 crore for latest private credit fund
360 ONE Asset Management (formerly known as IIFL Asset Management Limited) has raised Rs 2,130 crore for its fourth private credit fund, exceeding its initial […]
Aditya Birla Group to invest Rs 1,250 crore into its financial services arm
Aditya Birla Group is set to pump in Rs 1,250 crore into its financial services arm Aditya Birla Capital Ltd. The board of Aditya Birla […]
Watch out for rising risk appetites among Indian banks, says Fitch
The rapid rise in loans and high exposure to certain asset classes may affect the risk profiles of Indian banks as it indicates a greater […]
Jana Small Finance Bank raises ₹1,200 crore to refinance holdco debt
Bengaluru-based Jana Small Finance Bank’s (SFB) holding companies have raised around ₹1,200 crore of fresh debt from shareholders TPG Capital and Singapore’s sovereign wealth fund […]