JioBlackRock Asset Management receives SEBI nod for mutual funds business in India, appoints MD & CEO
UPI transactions rise 56% Y-o-Y to 10.6 billion in September At the same time, transaction value rose nearly 42% y-o-y to Rs 15.8 trillion in September, marginally lower than Rs… By Ajay RamanathanOctober 2, 2023 04:15 IST
South Indian Bank appoints PR Seshadri as MD, CEO With nearly 25 years of banking experience spanning domestic and international markets, Seshadri has held senior leadership positions at prestigious… By FE BureauOctober 1, 2023 05:50 IST
BoM appoints Pradeep Kumar Srivastava as Chief Technology Officer His appointment is effective from September 28, 2023, the Pune-based lender said in a statement. By PTISeptember 30, 2023 16:26 IST
RBI grants approval to IFC for acquiring 9.7% stake in Federal Bank In July, the private-bank raised Rs 959 crore from IFC through a preferential issue of shares, a member of the… By FE BureauSeptember 30, 2023 01:45 IST
Asset Reconstruction Companies want larger pie of stressed assets Seek RBI’s nod to acquire assets from AMCs and AIFs By Sachin KumarSeptember 29, 2023 05:15 IST
Tamilnad Mercantile Bank MD and CEO quits on personal reasons S Krishnan, MD & CEO of private sector lender, Tamilnad Mercantile Bank (TMB), on Thursday resigned from his post, citing… By FE BureauSeptember 29, 2023 03:45 IST
SBI to encourage corporates to use emission cutting tech SBI will begin the process of encouraging corporates to implement carbon emission reduction technologies to get better terms for availing… By Mithun DasguptaSeptember 29, 2023 03:00 IST
Canara Bank raises Rs 5,000-cr at 7.54% per annum The bank has issued 500,000 non-convertible, taxable, redeemable, unsecured, fully paid up long-term bonds with a face value of Rs… By FE BureauSeptember 29, 2023 02:45 IST
Credit card spending surges to record in India in sign of stress The amount transacted through cards rose to an all-time high of 1.48 trillion rupees ($17.8 billion) in August, up from… By BloombergSeptember 28, 2023 10:10 IST
Reduce “settlement” for debt recovery, Govt tells banks DFS-Insolvency board move after RBI re-starting compromise formula for wilful defaulters By Priyansh VermaSeptember 28, 2023 05:30 IST
Amazon Pay looks at expanding bank partnerships Amazon Pay has partnered with State Bank of India wherein the lender’s customers will receive different offers on both credit… By Piyush ShuklaSeptember 28, 2023 03:30 IST
More NBFCs to hit debt market, securitise loans for funding In its latest bulletin, RBI highlighted that the bank loans comprised nearly 46% of the borrowings of upper layer NBFCs.… By Ajay RamanathanSeptember 28, 2023 03:15 IST
Bright Money raises $62 million in equity, debt funding The funding includes USD 50 million in debt from Encina Lender Finance and USD 12 million in equity led by… By PTISeptember 27, 2023 16:57 IST
Yes Bank appoints Manish Jain as Country Head-Wholesale Banking In his role as Country Head – Wholesale Banking, Manish Jain will be responsible to spearhead the wholesale banking business… By FE BusinessSeptember 27, 2023 13:15 IST
Spends through credit cards touch Rs 1.5 trillion in August Among specific issuers, American Express witnessed the sharpest M-o-M rise in spends at 10.1%. By Ajay RamanathanSeptember 27, 2023 05:45 IST
HDFC Bank passed Rs 1 trillion corporate lending opportunity due to pricing issues: Report The lender’s wholesale loan book grew 11% year-on-year to Rs 4.04 trillion as of June 30, but de-grew sequentially by… By Piyush ShuklaSeptember 27, 2023 00:45 IST
‘Upper layer’ tag may pose challenges for some NBFCs While the top layer will ideally remain empty, RBI can place NBFCs into this layer if there is a substantial… By Ajay RamanathanSeptember 27, 2023 00:05 IST
Troubled SDC Bank merges into Cosmos Bank A majority, ten branches, of SDC are in the financial capital, while one branch is in Satara, it said, adding… By PTISeptember 26, 2023 20:00 IST
Reliance Group and Anil Ambani distance from Rel Comm, say ‘attached assets belong to Reliance Communications’
