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 […]
Tag: bfsi
Razorpay launches account for Indian exporters, offers savings on overseas bank transfers
Fintech company Razorpay on Wednesday announced the launch of its MoneySaver Export Account to offer up to 50 per cent savings on international bank transfers […]
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 […]
Banks told to alert customers on frauds related to Mudra loans
The government has asked banks to keep vigil and inform their customers of fraud in Mudra loans. The directive follows multiple instances of frauds related […]
PhonePe launches Income Tax Payment feature on its app
PhonePe, today announced the launch of the ‘Income Tax Payment’ feature on its app. The feature allows taxpayers, both individuals and businesses to pay self-assessment […]
Shah to move MSCS Amendment Bill in Parliament today
Union Home and Cooperation Minister Amit Shah will move the Multi-State Cooperative Societies (Amendment) Bill, 2022 further to amend the Multi-State Co-operative Societies Act, 2002 […]
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. […]
Domestic banks lure techies from top tech companies
Domestic Indian banks, which have fast tracked their efforts to enhance their digital capabilities, are luring top-notch tech talent from leading new age companies and […]
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 […]