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INDIAN LENDERS
Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouseFairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine ...
RBI plans curbs on private equity firms controlling stakes in multiple non-bank lenders: ReportIndia's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. ...
Bond rush continues amid milder yields, costly loansIndian companies are raising funds through bond issuances as government bond yields improve and borrowing conditions become favorable. More...
Yes Bank bondholders press for compliance with Supreme Court's AT-1 orderYes Bank bondholders filed a contempt petition in the Supreme Court regarding the restoration of AT-1 bonds. The Supreme Court upheld a rul...
- Fairfax Financial likely to exit IIFL Finance, sources say
Canada's Fairfax Financial Holdings intends to divest its nearly 11% stake in IIFL Finance soon. The sale aims to raise funds for acquiring...
The great Indian money hunt: Why India's shadow banks are pulling in billions of dollarsBlackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals inc...
Resolven mobilises USD 900 million financing this yearResolven has successfully mobilised USD 900 million in financing from 15 diverse lenders this year. The funds consist of USD 700 million in...
Indian rupee breaks six-day winning streak on state banks' dollar bidsThe Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive m...
Bond yields muddy the books as banks prepare for new accounting rulesWith a new accounting framework approaching in April 2027, Indian banks like Canara Bank and Central Bank of India are adjusting their tran...
State Bank of India expands US footprint with new branch in TexasState Bank of India expanded its banking subsidiary footprint in the United States with the inauguration of a new branch of SBIC Bank in Fr...
PSBs see up to Rs 30,000 crore in foreign inflows if investment cap raised to 49%Public sector banks have told the government that raising the foreign investment cap to 49% from 20% could attract passive foreign inflows ...
India flags Chinese-linked AI tools in hacking campaign against financial firmsIndia's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at lea...
SBI-led banking alliance comes together to mount a defence to AI threatsIndian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on ...
India cybercrime agency warns financial firms on AI attacks"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine ...
Lenders accept Supreme Housing's Rs 522-crore settlement offerCanara Bank along with other lenders accepted a ₹522-crore one time settlement offer from Supreme Housing and Hospitality. This settlement ...
Spandana Sphoorty Financial reports cyberattack involving its bank accountSpandana Sphoorty Financial encountered a cyber fraud incident with unauthorized transactions on November 1. The amount involved was approx...
Indian lenders defer dollar debt sale plan as rates turn expensiveAmidst rising US Treasury yields and a depreciating rupee, multiple Indian banks, such as Canara Bank, PNB, and Bank of India, are delaying...