The fallout from the collapse of Silicon Valley Bank that has spread fears across countries may not adversely hit Indian lenders banking on their strong […]
Category: Enterprise
Ten more banks set to join syndication for Reliance Industries Ltd’s $3 billion loan
At least 10 more lenders are set to join the third leg of the syndication of $3 billion loans to Reliance Industries Ltd and Reliance […]
Bank of Maharashtra cuts home loan rate to 8.4%
Bank of Maharashtra has reduced home loans rates by 20 basis points to 8.40%, making it one of the lowest in the industry, to attract […]
SVB collapse: Name mix-up sends an Indian bank’s customers into panic mode
The collapse of Silicon Valley Bank (SVB) in California had impacted the customers of Mumbai-based Indian bank. A cooperative bank called Shamrao Vithal Cooperative Bank […]
OpenText Buys Micro Focus
OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announced that it has closed the previously announced acquisition (the “Acquisition”) of Micro Focus International plc (“Micro Focus”), a leading […]
Bank of Baroda slashes home loan interest rates by 40bps to 8.50%
Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the reduction in its home loan interest rates by 40 basis points […]
Axis Bank partners with ITC to offer rural lending products to farmers in remote region
Axis Bank on Thursday announced its partnership with ITC Limited to offer the bank’s lending products and services to farmers who are a part of […]
Indian banks’ gross NPAs likely to touch decadal low of sub-4 per cent by FY24: Study
Bad loans of Indian banks are expected to decline 90 basis points to less than five per cent in FY23 and hit a decadal low […]
Bank of Baroda board approves 49 per cent stake divestment in BFSL
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing […]
Axis Bank completes buyout of Citi’s India consumer business
Axis Bank, India’s fourth-biggest private-sector lender by market value, Wednesday said it has completed the acquisition of Citibank India’s consumer businesses in India for a […]