Economic Times
After this, Yes Bank held a Swiss challenge auction with Prudent ARC's offer as an anchor offer, giving the ARC the first right to match any counter-o
The group's acquisition of Reliance Capital is pending necessary court and regulatory approvals. Its offer of ₹9,650 crore was approved by the commi
TA Associates through its arm TA FDI Investors Ltd offloaded shares of Prudent Corporate Advisory Services on the National Stock Exchange (NSE). Accor
Indian fintech company Paytm has confirmed the resignation of an independent director from its banking subsidiary, Paytm Payments Bank. The director,
Title insurance benefits homebuyers with clear ownership and lenders with secure investments. It potentially lowers interest rates and improves access
Life Insurance Corporation of India has received an income tax refund order of Rs 25,464 crore, and it is likely to be realised during the current qua
The board of Reliance General Insurance Company Ltd made a Rs 118 crore provision in the quarter ending December 2023 to provide a one-time incentive
RBI Deputy Governor T Rabi Sankar emphasised the importance of the banking sector and its stakeholders being vigilant about legal and cyber risks, as
Indian Overseas Bank celebrates its 88th Foundation Day by unveiling new services and expansion plans. The bank will open 88 new branches and has incr
Bandhan Bank had a loan portfolio of Rs 1.16 lakh crore, up 18.6% over corresponding quarter last year. Its share of secured portfolio stood at 44.5%
India plans to reduce the number of regulations in the insurance sector and create a one-stop platform for insurance services. The country aims to pro
Vijay Shekhar Sharma, founder of Paytm, considered resigning from Paytm Payments Bank due to mounting regulatory pressures. Discussions were held to a
Sankar emphasized the increasing importance of cyber security as banks become more reliant on technology. He urged a closer examination of cyber secur
Airtel Payments Bank CEO Anubrata Biswas reported a significant increase in online applications for opening bank accounts and obtaining services like
Addressing a NBFC summit organised by the Confederation of Indian Industry (CII) Rao said though total assets of NBFCs have increased to 18.7% of the
When Yes Bank was in trouble, the RBI rejected the offer from distressed funds manager JC Flowers and instead arranged a merger with a group of local
Vijay Shekhar Sharma, the founder and CEO of Paytm, has built the company from a startup to India's biggest mobile payments company. However, a recent
The Reserve Bank of India (RBI) defended its action against Paytm Payments Bank, citing "persistent non-compliance" and violations of regulations, inc
Financial Services Secretary Vivek Joshi has urged public sector banks and insurance companies to handle trade finance and insurance cases sensitively
Paytm crisis: The Reserve Bank of India (RBI) has been cracking down on financial entities in recent years, and the action taken against Paytm is in l
