PhonePe Insurance Broking Services, today announced the launch of health insurance plans offering comprehensive insurance in partnership with leading insurers. What sets these health insurance […]
Category: Enterprise
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital
Lenders of Reliance Capital (RCAP) have approved the capital infusion in Reliance General Insurance to improve solvency margin of the general insurance arm, according to […]
‘Foreign banks’ exposure to trades in long-term bonds not a concern’
The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major […]
SBI to set up trustee company to manage corporate debt market development fund
State Bank of India (SBI) will set up a trustee company, which will be its wholly-owned subsidiary, for managing the Corporate Debt Market Development Fund […]
Bain frontrunner to buy Adani Capital for Rs 1500 crore
Mumbai: Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani’s seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based […]
DBS launches new IFSC banking unit in GIFT City
DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International […]
IIFL Home Finance raises $50 million loan from US International Development Finance Corp
IIFL Home Finance has raised a $50 million loan from US International Development Finance Corp (DFC) to grow its affordable housing finance portfolio with a […]
India, UAE sign MoUs for promoting local currencies in cross-border trade
The Reserve Bank of India and the Central Bank of UAE (CBUAE) on Saturday signed two Memorandums of Understanding (MoU) to strengthen the use of […]
Brics-promoted bank keen to add members
Gandhinagar: The Brics-promoted New Development Bank (NDB) has started membership expansion to make the bank a global institution, said Leslie Maasdorp, the bank’s vice president […]
Credit Card default surges as retail credit grows
Credit card payment defaults have surged in June 2023 despite the growth of credit card lending, as per a TOI report. Unsecured credit portfolios and […]