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UK BANKING LICENCE
Stocks in news: Adani Enterprises, Adani Energy, Hindustan Zinc, Maruti Suzuki, IDFC First BankVolatile trade likely as weak global cues keep sentiment cautious; analysts favour a sell-on-rise strategy until Nifty reclaims 23,700. Sto...- Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Vodafone weighs stake transfer to boost India unit capital: ReportVodafone Group is exploring transferring a portion of its stake in Vodafone Idea to the Indian unit for treasury holding, potentially repla...
- Cashfree Payments appoints former Visa executive Sameer Gandhi as CFOCashfree Payments has appointed Sameer Gandhi as its new Chief Financial Officer, bringing over two decades of experience from global finan...
- JPMorgan settles Sebi case, pays Rs 34 lakhJP Morgan Chase Bank has agreed to pay 34 lakh rupees to Sebi following violations related to foreign portfolio investor laws. Their misste...
- Revolut gets full UK banking licence after years-long waitRevolut has received regulatory approval to launch a British bank, allowing it to compete head-to-head with high street lenders in areas su...
- 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 gets RBI nod for PPIs, walletsRevolut India already holds licences to function as a Category-II Authorised Money Exchange Dealer (AD-II), and to offer multi-currency for...
- UK fintech firm Revolut valued at $45 billion after secondary share saleBritish fintech company Revolut announced Friday it had been valued at $45 billion following a secondary share sale, which it said cemented...
- British fintech Revolut gets UK banking licence, ending three-year waitFintech Revolut said it had now entered the "mobilisation" stage, sometimes referred to as "Authorisation with Restrictions." The licence i...
- British fintech Revolut revenue jumps, profit tumbles in 2022Revolut, which ranked as the UK's most valuable start-up with around a $33 billion valuation in 2021, has applied for a UK banking licence ...
- Revolut CFO Mikko Salovaara departs after two years in the roleThe 31-year-old executive, who joined the London-based start-up in 2021, had resigned "for personal reasons", a spokesperson for the compan...
- Oneweb gets licence to provide satellite services in India"The Department of Telecom has issued Global Mobile Personal Communication by Satellite (GMPCS) licence to OneWeb," the official source tol...
- Axis Bank to close British subsidiary, focus on Indian business"In line with this objective, the bank has taken a decision to fully wind down and close the operations of Axis Bank UK Ltd, a subsidiary o...
- Axis Bank to wind down UK subsidiaryThe lender has been reviewing its international strategy and as part of this, has adopted a clear objective to focus on the Indian banking ...
- Vodafone India may surrender payments bank licenceIndustry insiders said that since Aditya Birla Nuvo, which owns Idea Cellular, also has a banking licence, Vodafone would give up its right...
- Indiabulls Housing Finance buys 40 per cent in UK bankLast year, it acquired 22-23 Hanover Square in central London, a commercial property, in a closely contested auction.
- Axis, PNB, 5 others buy 51% stake in UK's ExperianThe participating banks are Axis Bank, Union Bank of India, Punjab National Bank, Federal Bank and Indian Bank.
- ICICI may consolidate overseas armsIndia’s second largest bank - ICICI Bank - may consolidate its overseas operations under one company ICICI Bank UK, according to industry s...
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