Economic Times
Canara Bank introduces Canara Heal loan for hospital expenses, Canara Angel savings account, and various other products like Canara ReadyCash. It also
Twid, a rewards-based payment network, has appointed Monica Jasuja as its new chief growth and partnership officer. With 23 years of experience in con
Blackstone Group plans to invest USD 2 billion annually in India, aiming to improve the ease of doing business for firms like it. The New York-based g
The proposal to offer employee stock ownership plans or ESOPs, has been on the backburner for a while but it may advance after the Lok Sabha polls, sa
Bain Capital is other key contender; binding bids submitted last week. Shriram Housing offers an opportunity for a PE player to benefit from the sharp
Indian lenders adapt to JIT tool with SNA 'SPARSH' for timely fund releases, impacting liquidity in state schemes. RBI utilizes e-Kuber for payments,
In his new role, Bapat will be responsible for identifying key trends and eventual steady-state outcome for current and potential portfolio companies.
The State Bank of India (SBI) has refused to disclose its standard operating procedure for electoral bonds, citing commercial confidence exemption. Tr
Nirmala Sitharaman lauded India's digital infrastructure, highlighting 43.3 crore monthly transactions. She discussed the seller, buyer, and payment s
"Given the rapid changes taking place in today's world, especially in the areas of technology, innovation, business practices and growing complexities
India's microfinance sector is highly concentrated, with the top 10 states representing 85% of the market, leaving many districts and villages with li
AU Small Finance Bank merged with Fincare Small Finance Bank, gaining access to South India. The consolidation strengthens the customer base and enhan
Heavy rainfall and storms in Assam lead to four deaths and affect 45 villages. Union Home Minister Amit Shah assures assistance after reviewing the si
Lenders seek RBI guidance on protecting officers' identities identifying defaulters. Recent court order mandates disclosing committee members. Indian
HDFC Bank will divest from HDFC Education and Development Services Private Ltd using Swiss challenge method. An interested party's bid serves as ancho
The bank has increased the mark-up by 10 bps from the existing level of 2.75 per cent to 2.85 per cent, and with the present repo rate of 6.5 per cent
NARCL completed transactions of ₹24,000 crore in bank debt during FY24. It transferred road assets, including Metenere and Simplex Infrastructures.
Banks plan to establish standardised rules for heirs to repay gold loans and reclaim family jewellery after the borrower's death. Variability in curre
Blackstone Inc. plans to increase its Indian private equity assets by an additional $25 billion over the next five years, citing India's growing appea
The loan is raised for three years and three months tenure and benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin
