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FRANCE BANKING LICENCE
Tide secures $120 million from TPG, valuation jumps to $1.5 billionFintech startup Tide, with a significant presence in India, has secured $120 million in funding led by TPG, valuing the company at $1.5 bil...
Revolut plans $1.1 billion French expansion, will apply for banking licenceRevolut is the biggest of a number of European financial services apps founded in the past decade, with more than 55 million customers but ...
Commerzbank wins crypto custody licence in digital assets pushThe license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frank...
Nomura's crypto arm wins Dubai licenceThe crypto arm of Japanese investment bank and brokerage Nomura said on Tuesday it had won an operating licence in Dubai, the latest in a n...
Bank of Spain includes Binance in its crypto registryThe Bank of Spain has registered the local unit of the world's largest crypto exchange Binance as a virtual currency platform with procedur...
Home Ministry "inadvertently" renews, cancels licence of another NGOThe licence of Florence Home Foundation, a member of France's Emmaus International, was cancelled for alleged misutilisation of foreign gra...
Postal department readying game plan to roll out payment banking serviceThe postal department expects to make the payment bank viable within three years of operations. Payment banks can accept deposits and can’t...
New banking rules aim at creating payment banksThe new guidelines represent a watershed moment for penetration of banking in India. The key feature of this policy is creating a new categ...
RBI nod may be must for NBFCs takeoverPresent guidelines prescribe that any takeover of control of a deposit-taking NBFC, whether by acquisition of shares or merger, needs prior...
- Your post office may function as a bank soon
If the plan is approved & India Post gets to start its own banking ops, it has the potential to emerge as one of the biggest banks in the c...
- Bank licence for companies still sparks debate
Noted economist Raghuram Rajan had suggested that RBI could grant licences to corporates that have financial services as their sole busines...
- France Telecom & Telstra in talks with Maxis to buy minority stake in Aircel
The talks between the two overseas players and Maxis revolve around France Tele buying a 20-25% stake in Aircel, a dominant player in Chenn...
- Indiabulls rejigs structure of life insurance JV
Insurance Regulatory and Development Authority (IRDA) has turned down the proposal of Indiabulls Financial Services to include the company’...
- Rajan Raheja Group likely to get nod for non-life foray
The Insurance Regulatory Development Authority (IRDA) is set to issue a licence to the Rajan Raheja Group (RRG) for setting up a general in...
- UBS' India plan seen intact despite global writedown
Indian operations of Swiss major UBS is unlikely to be affected by the massive losses and writedowns of $19 billion for the first quarter.
- Banks now use VRMs to spell out risks to corporates
Tension in the currency market over corporates taking banks to court for derivatives losses, banks are pinning their hopes on voice recordi...
- Morgan Stanley buys bank to gain China entry
Morgan Stanley said on Monday it has acquired China’s Nan Tung Bank, a deal which would give the Wall Street giant a coveted onshore commer...