Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in […]
Category: Enterprise
Sale of health insurance policies rising in rural areas: Report
Rising cost of healthcare services, demand from the micro-insurance segment and post-Covid awareness is pushing sale of health insurance policies in semi-urban and rural markets, […]
IDBI Bank divestment process to complete in FY24: DIPAM Secy
The divestment process of IDBI Bank will complete in the fiscal year 2023-24, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey […]
RBI may hike rates in 2023, but bank deposit rates have peaked, say experts
Bank deposit rates may be close to their peaks, with possibilities of further increases likely limited only to select tenures, even as the central bank […]
Indian Bank to hold vostro A/cs of 3 Sri Lankan banks
Indian Bank, which has had a long presence in Sri Lanka, has received the regulatory go ahead to hold special rupee vostro accounts of three […]
Torrent bids ₹8,640 cr upfront for Reliance Capital
Torrent Investments on Friday proposed to pay its entire bid of ₹8,640 crore upfront for acquiring Anil Ambani-promoted Reliance Capital, doubling its immediate payment offer […]
NARCL makes highest offer for twin Srei companies at auction
Government-owned National Asset Reconstruction Co (NARCL) gave the highest offer of Rs 5,555 crore for the twin Srei companies at an auction held by the […]
Mashreq Global Network looks to ramp up India presence
Mashreq Global Network (MGN), a wholly owned subsidiary of Mashreq Bank, is looking to ramp up its presence in India. The capability centre was established […]
Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFIN
Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 lakh crore in 2022-23 compared […]
Bank loans to services sector surpass credit to industries
Bank loans to the services sector have surpassed those to the industrial segment for the first time, establishing that the former will be contributing more […]