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Indian bank deposits jump by $115 billion over three fortnights to record highIndian banking system deposits have reached a record high after recent significant growth. This surge is primarily supported by dollar infl...- Muthoot Fincorp files draft papers for Rs 3,000 cr IPO to boost capital baseMuthoot Fincorp filed draft papers with Sebi for a Rs 3,000 crore IPO. The company aims to strengthen its capital base and fund business gr...
- Jio Financial shares jump 3% as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 croreJio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint ...
- RBI invites public comments on draft rules to standardise how lenders set interest ratesThe Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across variou...
- Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio CreditBank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of t...
- Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billionBank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...
- BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unitBank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving...
- Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore dealJio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% i...
- Manappuram to end family-led era as Bain brings in a professional MDManappuram Finance will shift to professional management after Bain Capital gained joint control, with VP Nandakumar becoming non-executive...
- Fusion Finance aims to cut microfin share, offer larger retail loansFusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans whi...
- RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: KotakThe Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) m...
- Rs 20,000 crore credit guarantee plan misses the markBanks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with s...
- Sebi proposes raising annual ISIN limit for private debt securities to 17In a significant regulatory shift, Sebi is set to increase the cap on the number of annual debt security ISINs maturing. This initiative is...
- Purchase of bad loans by ARCs rises 56% in Q1Asset reconstruction companies bought twenty-six thousand three hundred four crore rupees of bad loans. This acquisition saw a fifty-six pe...
- Muthoot Microfin awaits RBI response before raising ECBThe Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw do...
- RBI plans to bar NBFCs from offering revolving credit without approvalIn a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, N...
- Tata Sons faces continued listing uncertainty after RBI classificationThe Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid ...
- RBI classifies Tata Sons as Upper-Layer NBFC under revised frameworkThe Reserve Bank of India has classified Tata Sons as an Upper Layer NBFC. This classification follows revised norms for financial companie...
- RBI proposes new rules to standardise how lenders set interest ratesIn a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for all regulated entities. This initi...
- Capital Group buys 1.5% stake in IIFL Fin for Rs 374 cr; stock rises over 2%Capital Group bought a 1.49 percent stake in IIFL Finance for Rs 374 crore. This acquisition was made through open market transactions from...
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