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VC-backed fintechs' credit card play gets second shocker as key issuer pulls the plug

Finance

03 April, 2023

VC-backed fintechs' credit card play gets second shocker as key issuer pulls the plug

SBM Bank India, the wholly-owned subsidiary of foreign lender State Bank of Mauritius (SBM), has blocked the corporate ......

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The rationale behind Fed's 75 bps hike and how it may hit our day-to-day

Finance

26 September, 2022

The rationale behind Fed's 75 bps hike and how it may hit our day-to-day

Last Wednesday, the US Federal Reserve increased the federal funds rate, its key short term interest rate, by 75 basis ......

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BharatPe in talks to raise up to $150 mn fundraise at nearly $4 bn valn

Finance

06 January, 2022

BharatPe in talks to raise up to $150 mn fundraise at nearly $4 bn valn

BharatPe is in talks to raise its Series F round of funding, which could value the fintech unicorn at nearly ......

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How IPO financing cap on NBFCs may impact HNIs

Finance

27 October, 2021

How IPO financing cap on NBFCs may impact HNIs

Last week's Reserve Bank of India (RBI) decision to cap non-bank finance in initial public offerings (IPO) may impact subscriptions...

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Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

Finance

29 December, 2020

Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

In early March, three weeks before most of India went into a lockdown to fight the coronavirus pandemic, the Reserve ......

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Flashback 2020: A limping economy and high human cost in a year best forgotten

Economy

22 December, 2020

Flashback 2020: A limping economy and high human cost in a year best forgotten

As the year 2020 began, few would have imagined that the world would literally be thrown into the biggest crisis ......

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What RBI panel's report means for banking sector, top banks, NBFCs and SFBs

Finance

20 November, 2020

What RBI panel's report means for banking sector, top banks, NBFCs and SFBs

An internal panel of the Reserve Bank of India has suggested allowing large corporate houses to own significant stakes in ......

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Equitas Small Finance Bank cuts IPO size after SEBI breather

Finance

25 September, 2020

Equitas Small Finance Bank cuts IPO size after SEBI breather

Equitas Small Finance Bank Ltd, a unit of Equitas Holdings Ltd, has reduced the size of its planned initial share ......

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Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

Finance

28 August, 2020

Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

The resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC) has hit a big stumbling block with the ......

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Not right to drag all distressed companies into insolvency: SBI MD

Finance

06 August, 2020

Not right to drag all distressed companies into insolvency: SBI MD

Indian banks and financial regulators should look for solutions outside the bankruptcy law to deal with stressed assets that will...

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