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SMBC RBI LICENCE
RBI’s openness to a well-capitalized, well governed foreign bank taking majority in RBL reflects confidence: Shayne Nelson, Group CEO, Emirates NBDSustaining India’s momentum requires significant capital and credit to fuel growth. Unlike China, which relied on government capital, India...- Sumitomo Mitsui Banking Corporation to seek RBI Yes for licence to operate wholly owned armSumitomo Mitsui Banking Corporation (SMBC) is seeking RBI approval for a wholly-owned subsidiary, signaling its intent to acquire a control...
- Fintech sees early green shoots as growth-stage deals pick upThe fintech investment landscape is reviving, with growth-stage deals attracting over $550 million in 2025. Regulatory clarity, emerging we...
- Supply chain finance startup Vayana bags NBFC licence, set to raise $20 millionVayana secured an NBFC licence from RBI, enabling co-lending partnerships. Backed by PayU, it seeks $20 million funding. Founded in 2017, V...
- Sumitomo to pick up 4.5% in Kotak Bank for Rs 1.3K croreJapan-based Sumitomo Mitsui Banking Corporation will buy 4.5% in Kotak Mahindra Bank for Rs 1,366 crore through a preferential allotment.
- Stanchart calls off Bank of Bahrain dealRBI’s refusal to transfer branch licences triggers the move. Gulf bank may retain business.
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