Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in IndiaIn recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financia...
Kotak Mutual Fund halts subscriptions in two Yes Bank AT-1 bond schemes after SC orderKotak Mahindra Mutual Fund suspended subscriptions in two debt schemes holding Yes Bank AT1 bonds after the Supreme Court overturned their ...
Yes Bank shares nosedive 20% after SC declares Rs 8,415 crore AT-1 bond write-off illegalIn a pivotal decision, India's Supreme Court declared that the write-off of Yes Bank's 84 billion rupee AT-1 bonds is unlawful, causing a s...
Canada's Warren Buffett bets his billions on India. What does he see?Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking d...
A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposureThe sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The ...
IDBI, poster boy for more privatisationIDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long...
AI compute financing needs bankable contracts, lender exit rules: industryThey highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaA...
India to mandate facial scans for airport staff, fast-track full-body scanners after Flydubai incidentIndia will make facial recognition mandatory for airline and airport employees and expedite full-body scanner deployment at eight major air...
ARCs seek govt help to speed up recoveryAsset reconstruction companies have called for improved government intervention to accelerate debt recovery through DRTs. They proposed cha...
From India to Iowa: Ruias return to steel with an ambitious $18 billion US betRuias are planning a new steel venture in Iowa. This project involves a $15 billion steel plant, aiming to produce 10 million tonnes annual...
Modinomics at 76: The birthday cake, the candles and the numbersPM Narendra Modi turns 76 as he completes nearly 12 years in office, a period that has reshaped India’s economic landscape through infrastr...
Global Market Today: Asian stocks open higher, oil rises after attacksAsian stock markets saw gains thanks to a rise in US technology stocks on Friday. Oil prices also increased following tanker attacks betwee...
HDFC, Kotak CEO departures put succession planning at India’s private banks under scrutinyRecent unexpected leadership changes at top Indian private banks raise succession planning concerns. Investors question long-term business ...
India's economy shatters a 35-year barrier to enter A-rated clubIndian Economy: Japan Credit Rating Agency (JCRA) has upgraded India’s sovereign credit rating from BBB+ to A-, restoring an A rating for I...
Banks look to push prudent borrowing for small loan-takersBanks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative aims to promote financial discipline...
Banks are in good shape, but ...Banks and NBFCs face different market risk assessments. Credit growth outpaces deposit growth, widening the loan-to-deposit ratio. This tre...
Indian Bank to add 100 branches, hire 2,500 as expansion shifts westIndian Bank plans to open approximately one hundred new branches this year. The bank will also increase its workforce by about two thousand...