State Bank of India intends to sell over Rs 96000 crore distressed loans to asset reconstruction companies in a fresh attempt to clean its books. […]
Category: Enterprise
Reliance General Insurance gets Rs 200 cr capital infusion from parent
Reliance General Insurance Company Ltd (RGICL) on Monday said it has raised a capital of Rs 200 crore by issuing equity shares to debt-ridden parent […]
Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank
Bank of Baroda, DBS Bank and Karur Vysya Bank are likely to sell their cumulative stake of just over 30% in Canbank Computer Services to […]
RBI permits banks to open vostro accounts from 22 countries for trade in rupee
The Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries […]
India’s Piramal plans to raise $1.5bn for private credit
Piramal Alternatives plans to raise $1.5 billion for investment in India’s high-yield companies via private credit, according to its chief executive officer. The unit of […]
Bandhan Financial Holdings to acquire Aegon Life Insurance
Bandhan Financial Holdings (BFHL) has entered into an agreement to acquire the entire stake of Aegon and Bennett, Coleman & Co. Ltd (BCCL) in Aegon […]
Bain Capital to acquire 90% stake in Adani Capital, Adani Housing
Bain Capital, the US-based investment company, announced on July 23 that it has signed a pact to acquire 90% of Adani Capital and Adani Housing. […]
Bandhan Bank looks to sell Rs 500-cr stressed home loans to ARCs
Bandhan Bank invited offers from asset reconstruction companies (ARC) for its Rs 500-crore distressed retail mortgage portfolio to lower the share of bad loans, said […]
Fino Payments looking to upgrade to small finance bank
Fino Payments Bank is keen to become a small finance bank after having completed five years of operations, Managing Director Rishi Gupta said. The Navi […]
Universal Postal Union to evaluate UPI platform for cross-border remittances using global postal network
The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using global postal network, an official release said on […]