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BANK NBFC MERGERS
RBI cancels registration certificates of 135 NBFCsThe Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered th...- RBI accepts 2 core investment companies' applications for surrendering registrationThe Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies...
- PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
- Skyroot Aerospace, KreditBee among latest startups to enter unicorn clubIndia's startup scene is experiencing significant growth. Several new companies have achieved unicorn status, valued at over $1 billion. Sk...
- PFC shares jump 5% to hit fresh 52-week high, surge 29% in April so far. What's heating up the stock?PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock ha...
- Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
- Govt explores options to retain 51% stake in merged PFC-REC entityThe government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation...
- Tata Capital may launch IPO in 2025, seek Jio Financial-like valuation: ReportAs per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified. On September 14, 2023, the Reserve Bank of...
- HDFC Bank could see drop in cost of funds post merger with parent HDFC Ltd: Bernstein“On cost of funds the level of impact depends on the extent to which the borrowings are replaced by term deposits,” said Pranav Gundlapalle...
- Merger with private bank, NBFC proposed at IDBI Bank roadshowsThe option was proposed by some of the participants at the roadshows who were of the view that an all-cash offer for the bank would work ou...
- HDFC-HDFC Bank merger: Regulatory changes pave way for unionThe Reserve Bank of India (RBI) has, over the past few years, been bringing the regulatory framework of banks and that of non-banks into cl...
- HDFC, HDFC Bank merger is coming together of equals, at the right time, says Deepak ParekhInterest rates are more favourable today than in earlier years. Banks have an option to invest in priority sector lending certificates, to ...
- Clix Capital in merger talks with Suryoday Bank; stock surgesAlmost a year after its attempt to take over Lakshmi Vilas Bank failed, non-banking finance company Clix Capital is in discussions with Sur...
- Indiabulls Housing Finance leads race for Lakshmi Vilas Bank merger; Edelweiss, Srei Infrastructure also keenThe Chennai-based bank has been evaluating the merger option as it needs to augment long-term capital.
- Capital First's boss makes his maids, drivers and former colleagues richCapital First's Vaidyanathan is giving away 10.61% of his shares to former colleagues, drivers and house helps.
- Magma Fincorp approves scheme of merger with Magma ITL FinanceThe board also approved raising of up to Rs 750 crore through issue of securities in one or more tranches.
- Bank-NBFC mergers could be a win-win idea for some regions: Sanjay Chamria, Magma Fincorp"I guess the new RBI norms will result in a more liberal interpretation of the space. Banks and NBFCs will now be more open to look at a ho...
- Reserve Bank of India tightens merger rules for non-banking finance firmsPreviously, only deposit-taking non-bank finance companies required central bank approval for a takeover or merger, the RBI said.
- 3 MFIs Spandana Sphoorty Financial, Share Microfin and Asmitha Microfin decide against mergerThree microfinance firms which had proposed a merger at the time of their debt recast talks with banks in August have now called off the pl...
- Bank-NBFC merger rules soon, HDFC first in queueThe promised consolidation of non-banking finance companies (NBFCs) may hint at an interesting possibility: a merger of HDFC with HDFC Bank.
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