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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 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...
- Muthoot Fincorp appoints four lead managers for IPOIn a significant move, Muthoot Fincorp has engaged lead managers to facilitate its upcoming ₹3,000-crore initial public offering. The draft...
- Vodafone Idea reaffirms 3-year growth targets, $4.7 billion capex planVodafone Idea plans double-digit revenue growth and significant network investment. The company will invest 450 billion rupees in its netwo...
- Stocks in news: Wipro, BSE, Vodafone Idea, Hyundai India and AirtelThe markets experienced fluctuations as they weighed the prospects of interest rates against concerns over oil prices and geopolitical issu...
- PNB to roll out its wealth management product by Dec aimed at boosting non-interest incomePunjab National Bank plans to launch wealth management services by December. The bank is also aggressively scaling its credit card business...
- RBI has proactively helped UCBs; cooperatives should look at regulator differently: Amit ShahUnion Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proacti...
- Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovationsThe Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...
- SBI Q1 Results: Standalone profit rises 10% YoY to Rs 21,121 crore, beats estimatesState Bank of India reported a ten percent year-on-year net profit growth. Its net interest income also saw a fifteen percent rise during t...
- SBI share price climbs 4% after Q1 profit jumps 10% YoY, beats estimatesSBI shares rose sharply on Friday after the lender reported a 10% year-on-year rise in Q1 FY27 standalone profit to Rs 21,121 crore, beatin...
- Global Market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest ratesSingapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income cha...
- Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDanc...
- Global Market: DBS raises full-year outlook as record Q2 profit beats estimatesDBS Group announced a robust nine percent increase in net profit for the second quarter, bolstered by a remarkable forty-two percent rise i...
- Regulators weigh bringing insurance surety bonds under RBI's CRILCFinancial regulators are exploring adding insurance surety bond exposures to a central credit database. This move aims to provide banks and...
- Vodafone Idea needs tariff hikes to sustain network investments: Kumar Mangalam BirlaVodafone Idea's chairman emphasized the necessity of tariff adjustments for network investments. The company seeks Rs 45,000 crore funding ...
- Indian Bank targets Rs 35 lakh crore business by 2032 after crossing Rs 15 lakh crore milestone: MD & CEO"On 125th year, that means 2032, we have set a target of 35 lakh crore business. In June we are at 15 lakh crore. That means we have to bec...
- PNB Housing Finance shares rally 5% after Q1 profit rises 4% YoY, loan assets jump 15%PNB Housing Finance shares gained after the lender reported steady Q1 earnings, supported by loan book expansion, stable asset quality and ...
- World Bank urges developing nations to seize AI opportunityDeveloping nations should embrace artificial intelligence for rapid advancement. AI offers significant improvements in healthcare, educatio...
- ICICI Securities initiates coverage on 7 PSU banks with positive valuationsICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for ...
- Kissht expects to beat 40% growth target as credit costs easeDigital lender Kissht anticipates surpassing its growth targets for assets under management. Improved repayment trends have enabled the com...
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