Jammu and Kashmir Bank is likely to sell its ₹303 crore KSK Mahanadi Power debt to ASREC (India) Pvt Ltd, an asset reconstruction company, said […]
Category: Enterprise
RBI greenlights 32 companies’ applications to operate as online payment aggregators
The Reserve Bank of India on Wednesday said that it has granted in-principle approval to 32 payment aggregators including Amazon Pay, Google India, Reliance Payment […]
Several banks open special vostro accounts for trade in rupee, more countries expressing interest
Several banks, including HDFC Bank and UCO Bank, have opened special vostro accounts to facilitate overseas trade in the rupee and many countries have expressed […]
Goldman Sachs leads India fintech funding while deals dry up
Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will […]
ICICI Bank signs MoU with European bank BNP Paribas
ICICI Bank on Tuesday signed a Memorandum of Understanding (MoU) with a European bank BNP Paribas in order to cater to the banking needs of […]
Kotak Bank arm raises USD 590 mn fund for data centre investments in India
A Kotak Mahindra Bank arm on Tuesday announced that it has raised USD 590 million (about Rs 4,885 crore) for investments in the data centres […]
Billionaire Uday Kotak’s Kotak Mahindra Bank weighs insurance unit stake sale, sources say
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with […]
Total exposure of 5 state-run general insurers in Adani group at Rs 347 cr: MoS Finance
Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in […]
Banks report record quarterly NII in Q3 amid improving credit offtake and better asset quality
The banking sector reported the strongest year-on-year growth in net interest income (NII) for the December 2022 quarter since the pandemic hit June 2020 quarter […]
NBFCs’ collection efficiency close to pre-Covid levels: ICRA
Nearly three years after the Covid-19 outbreak, the collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises) pools has topped 98% of […]