State-owned Canara Bank is set to spin off its credit card vertical into a separate subsidiary while it has started preparing a roadmap for listing […]
Category: Enterprise
Digital transactions on the rise, but banks ‘branch out’ to drive growth
Banks have brought the focus back on physical network expansion as they aggressively open branches belying expectations that growing digital transactions could reduce the dependence […]
UPI Lite has gained traction on Paytm, says fintech company
Fintech major Paytm has garnered six million customers within three months of the launch of UPI Lite on its payments app. Additionally, the company is […]
General Atlantic to deploy up to $1 billion a year in India
Growth-equity investor General Atlantic expects to deploy up to $1 billion in new investments in India annually for the next few years, betting on businesses […]
Now get an HDFC Bank personal loan in 10 seconds
Even as many industry insiders have expressed concerns over the rapid growth in unsecured loans, merger-bound HDFC Bank is all set to launch open-market, 10-second […]
Centre may see a big jump in RBI dividend in FY24
The Centre is likely to make windfall gains by way of annual dividend receipts from the Reserve Bank of India (RBI), which is estimated to […]
ChrysCapital diversifies into public market investing; hits first close of maiden AIF
After cutting 100 private equity deals in the Indian market in over two decades, homegrown private equity fund ChrysCapital is diversifying into public market investing, […]
NBFCs step up used car funding as EVs catch on
Non-banking financial companies (NBFCs) are stepping up the funding of used cars, seeing it as a growth driver over the next two-three years, especially with […]
Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical
Edtech company LawSikho reported that its revenue doubled to Rs 37 crore in FY 23 in comparison to Rs 18.6 crore the previous year. The […]
Adani Enterprises’ ability to service debt improves
Mumbai: Adani Group flagship company Adani Enterprises Ltd’s (AEL) ability to service its debt obligations has improved significantly as of March 31, 2023, compared to […]