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Dhanlaxmi Bank revives fundraising, eyes around $38M
Dhanlaxmi Bank has taken an in-principle decision to raise Rs 200 crore or $38 million through fresh issue of shares ......
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Invesco acquires 49% in Religare Asset Management for around $87M
Diversified financial services firm Religare Enterprises Ltd has sold 49 per cent of its stake in Religare Asset Management Company ......
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State-run banks scramble to pamper HNIs with specialised facilities
Changing preferences and rising expectations of high net worth individuals (HNIs) have forced ageing public sector banks to chug along ......
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Underwriting early-stage venture capitalists would help banks diversify risk: Jayant Sinha of Omidyar
The Planning Commission had formed a committee last year to examine various issues and recommend measures for accelerating angel and ......
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IRDA to meet Finance Ministry to exempt tax on pension products
The Insurance Regulatory and Development Authority (IRDA) would be approaching the finance ministry on Wednesday to allow investments made by ......
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Ujjivan raises $8.7M led by IFC, sees churn among shareholders
Bangalore-based Ujjivan Financial Services Pvt Ltd, a microfinance institution focused on India’s urban poor, has raised Rs 45 crore ($8.3 ......
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Bond market to be range bound, CRR cut disappoints
The 10-year paper lost its pre-policy gains after the Reserve Bank of India (RBI) kept the interest rates unchanged, dashing ......
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RBI holds repo rate at 8%, cuts banks' CRR by 25 bps to 4.50%
The Reserve Bank of India (RBI) on Monday left the key interest rates unchanged, but cut the cash reserve ratio ......
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IntelleCash acquires majority stake in Arohan Microfinance
Mumbai-based IntelleCash Microfinance Network, a subsidiary of investment banking services and advisory firm Intellectual Capital Advisory Services (Intellecap), has acquired ......
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Religare Finvest looks to raise $45M through NCDs
Religare Enterprises’ NBFC arm led Religare Finvest joins PE-backed gold loan firm Muthoot Finance and Shriram City Union Finance to ......
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