State Bank of India (SBI) has raised Rs 6,051 crores at a coupon rate of 7.05 per cent through its second Basel III-compliant Tier 2 […]
Tag: india
Paisalo Digital completes maiden ECB issuance
Paisalo Digital Limited has successfully completed its inaugural External Commercial Borrowing (ECB) transaction. The deal, amounting to USD 15 million, marks a significant advancement in […]
Jio Payments Bank launches UPI-based cash withdrawal service
Jio Payments Bank Limited (JPBL) has introduced UPI-based cash withdrawal through its Business Correspondent (BC) touchpoints, marking an important step towards strengthening India’s digital payments […]
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 […]
HSBC relaunches private banking in India
Hong Kong and Shanghai Banking Corp Ltd (HSBC) has relaunched its private banking business in India almost eight years after it closed the division amid […]
Future LoCs to Africa could cover defence, says EXIM Bank MD
India’s future Lines of Credit (LoCs) to Africa could focus on defence exports to meet the requirements of the continent, MD of EXIM Bank of […]
UAE emerges as fourth largest investor in India in FY23
The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor […]
New cross-border risks need new approaches: Economists
New cross-border challenges, including climate change, pandemics, fragility and migration require new finance capacity and approaches, according to economists NK Singh and Larry Summers. The […]
India, Russia to explore possibility of accepting RuPay and Mir cards
India and Russia will explore the possibility of accepting RuPay and Mir cards in each other’s country for hassle-free payments amid sanctions imposed by the […]
IFC may double investments in India to $2.5-3 billion/year
The International Finance Corporation (IFC) could double its investments in India in the coming years and also help Indian companies in their global expansion, Riccardo […]