The government has asked state-run lenders to explore consolidating their overseas business currently done through foreign branches in the International Financial Services Centre (IFSC) housed […]
Category: Enterprise
India, Russia to explore possibility of accepting RuPay and Mir cards
India and Russia will explore the possibility of accepting RuPay and Mir cards in each other’s country for hassle-free payments amid sanctions imposed by the […]
Satin Creditcare Network’s net profit jumps 59% year-on-year in March quarter
Microfinance company Satin Creditcare Network on Saturday said net profit jumped 59% year-on-year to Rs 94 crore in the quarter to March 2023. The rise […]
Reliance General to accept CBDC e-Rupee through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) […]
Tata Capital board approves plan to consolidate arms
Tata Capital, the holding company of Tata Group’s financial services business, is consolidating its group subsidiaries following a recent board approval, ahead of finalising its […]
Indian banks unlikely to go SVB, Credit Suisse way as they can swim good in troubled waters
The bank failures in the world’s largest economy and in Europe following the pandemic and war-induced tightening cycle posed a lot to brood over for […]
LIC total premium rises 17 pc to Rs 2.32 lakh cr in FY23
Life Insurance Corporation (LIC) on Monday said its total premium rose 17 per cent to Rs 2.32 lakh crore during FY2022-23. The same stood at […]
MAS clears merger of HDFC Investments with HDFC Bank
HDFC Bank on Monday said Monetary Authority of Singapore (MAS) has given an approval for merger of HDFC Investments and HDFC Holdings with parent HDFC […]
DBS knew problem areas at Lakshmi Vilas Bank, cleaned up and integrated business from day 1: India CEO
In November 2020, when the Reserve Bank of India (RBI) decided to hand over the distressed Lakshmi Vilas Bank (LVB) to Singapore’s DBS Bank, it […]
Vedanta encumbers stake in HZL to raise Rs 1,500 cr in loans
Anil Agarwal-led resources conglomerate Vedanta has encumbered a part of its stake in Hindustan Zinc (HZL) to raise Rs 1,500 crore in loans against those […]