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Stay updated with the latest financial news, funding developments, government policies, and insights shaping the finance sector in India.

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Virus would have pushed viable firms towards premature death under IBC: IBBI chief

Finance

13 July, 2020

Virus would have pushed viable firms towards premature death under IBC: IBBI chief

Last month, the government suspended triggering of insolvency cases against companies for any default for six months starting March 25, ......

Chinese central bank cuts stake in HDFC amid border tensions

Finance

10 July, 2020

Chinese central bank cuts stake in HDFC amid border tensions

The People’s Bank of China has cut its stake in Housing Development Finance Corp, just months after raising its holding...

Bank of Baroda, other lenders count cost of loans in NMC Health collapse

Finance

10 July, 2020

Bank of Baroda, other lenders count cost of loans in NMC Health collapse

As the crisis engulfing his business empire deepened, Bavaguthu Raghuram Shetty met with Bank of Baroda officials in mid-March...

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Proparco makes top-level change for South Asia investments

Finance

10 July, 2020

Proparco makes top-level change for South Asia investments

Proparco SA, the private-sector arm of French development finance institution Agence Française de Développement,...

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GIC bumps ups stake in private-sector lender, deepening BFSI push

Finance

10 July, 2020

GIC bumps ups stake in private-sector lender, deepening BFSI push

Singapore sovereign wealth fund GIC Pte. Ltd has raised its stake in a private sector lender in yet another bet ......

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Lone Star-backed RattanIndia Finance sharpens focus on retail loans as NPAs soar

Finance

10 July, 2020

Lone Star-backed RattanIndia Finance sharpens focus on retail loans as NPAs soar

Lone Star Funds-backed RattanIndia Finance Pvt. Ltd will ramp up retail lending and reduce the share of corporate loans, a ......

PNB reports $491 mn Dewan Housing loans as fraud

Finance

10 July, 2020

PNB reports $491 mn Dewan Housing loans as fraud

Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion...

SBI, Investec to form JV for institutional equities broking

Finance

09 July, 2020

SBI, Investec to form JV for institutional equities broking

State Bank of India, the nation’s biggest lender, is forming a joint venture with the local arm of South African ......

Indian firms get steepest cut in earnings forecasts in Asia

Finance

09 July, 2020

Indian firms get steepest cut in earnings forecasts in Asia

Analysts cut their forward 12-month earnings estimates for Asian companies for a fifth consecutive month in June, citing the economic...

SBI to invest $235 mn more in Yes Bank

Finance

08 July, 2020

SBI to invest $235 mn more in Yes Bank

State Bank of India’s executive committee has approved a further investment of up to Rs 1,760 crore (about $234.8 million)...

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