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Canara Bank to raise Rs 2,000 crore through QIP

India based public sector bank, Canara Bank has announced its plan to raise Rs 2,000 crore through Qualified Institutional Placement (QIP). In a filing with...

ICICI Bank launches iStartup2.0 program for startups

ICICI Bank has announced the launch of the 'iStartup2.0' program for Indian startups that take care of their banking as well as beyond banking...

Muthoot Finance partners with Kotak Mahindra General Insurance to offer complimentary COVID-19 insurance to its gold loan customers

Leading private lender Muthoot Finance Limited has announced its partnership with Kotak Mahindra General Insurance to offer complimentary COVID-19 insurance cover for its gold...

Kwik.ID records 300% increase in video KYC

Kwik.ID an RBI complaint AI-based video KYC solution developed by Think Analytics has recorded an increase of 300% in the adoption of its services...

Interview: Vernacular.ai co-founder Sourabh Gupta says, “Voice is the future of human and machine interaction”

In a conversation with the TechGraph editorial team, Sourabh Gupta, Co-Founder & CEO of Vernacular.ai, said: “Voice is the future of human and machine...

Interview: “Scope of lending business in India is huge,” says KreditBee Founder & CEO Madhusudan Ekambaram

Today, we speak to Madhusudan Ekambaram, Founder & CEO of KreditBee, to understand the journey of KreditBee and how it is shaping the digital...

Interview: Finolutions Wealthcare founder Apoorva Vora says, “There is no substitute for ‘being in touch’ in tough times”

When it comes to a B2B consulting firm that is working towards helping wealth managers to maximize their understanding and due diligence of the...

Yes Bank Board approves fundraising plan through FPO

Private sector lender, Yes Bank on Tuesday announced that "Its board has approved the plan to raise funds through a further public offering (FPO)." In...

HDFC Bank records 25% increase in deposits at Rs 11,895 crore

An India-based private lender, HDFC Bank on Sunday, recorded an increase of 25 percent in its Q1 FY21 deposit at Rs 11,895 crore as...

Axis Bank to suspend UK subsidiary

Leading private sector bank, Axis Bank on Thursday announced its plan to shut down its UK subsidiary. In a filing with the exchange, the bank...

LIC Managing Director T C Suseel Kumar joins Axis Bank board

Private lender Axis Bank on Monday said, "The bank has appointed Managing Director of Life Insurance Corporation of India (LIC), T C Suseel Kumar...

Indian Bank board approves plan to raise Rs 5,000 crore via bond

India's leading public sector bank, India Bank on Monday said, "It plans to raise about Rs 5,000 crore through issuance of bonds." In a filing...

HUDCO records 87 percent increase in Q4 profit at Rs 440.91 crore

State-run finance provider HUDCO on 26 June reported an 87 percent increase in its consolidated net profit to Rs 440.91 crore for Q4. In a...

Instamojo launches ‘InstaCash’ to help pandemic hit MSMEs

Bengaluru based fintech startup Instamojo has announced the launch of 'InstaCash'a working capital product for merchants selling on its platform. In a statement issued, Instamojo...

Yandex agrees with Sberbank to reorganize Yandex Market and Yandex Money

Russian technology giant Yandex on Thursday said, "It has entered into a binding agreement with Sberbank to reorganize two of their joint ventures: Yandex.Market,...

Increasing Cases and United States ‘Carousel Retaliation’ spooks risk sentiment

The risk sentiment was souring as US trade representatives had proposed imposing tariffs on USD 3.1bn of imports from France, Germany, Spain, and the...

Crosses rally on robust PMIs

Euro and Sterling rallied yesterday as France, Germany and UK manufacturing PMIs came in better than expected. Onshore, the USDINR spot moved lower yesterday to...

Singapore government acquires 164,30,820 shares of ICICI Prudential Life

The government of Singapore has acquired 1,64,820 equity shares (representing 1.14 percent of paid-up capital) of ICICI Prudential Life Insurance Company. According to the bulk...

ICICI Bank allots 12,603 equity shares under ESOS

India-based private lender ICICI Bank has announced the allotment of 12,603 equity shares under the Employee Stock Option Scheme (ESOS). In a filing with the...

Arvind Fashions revises the plan, Will raise Rs 399 crore through rights

Leaders in textile manufacturing Arvind Fashions on Sunday said, "It has revised the amount of capital it plans to raise through the right of...

Punjab National Bank records net loss at Rs 697 crore in Q4

India-based public lender Punjab National Bank (PNB) has recorded a net loss of Rs 697.20 a crore in the fourth quarter. In a filing with...

Market Analysis: Focus will be on the Bank of England MPC meeting

Levels across currencies are pretty much unchanged overnight. Focus today will be on the Bank of England policy. While it is expected to leave...

IDFC First Bank secures Rs 2,000 crore through allotment of preferential shares

Mumbai-based IDFC First Bank has raised nearly Rs 2,000 crore by issuing shares on a preferential basis to its promoters and others. In a filing...

SBI to raise $1.5 billion through bonds

India's largest public bank State Bank Of India (SBI) on Thursday said, "Its board has approved the plan to raise to $1.5 billion through...

Interview: Fintso Co-founder George Mitra says, “Wealth management has traditionally been a high touch model”

Today, we speak to George Mitra, Co-founder & CEO of Fintso, to understand how Fintso works and how it is helping independent financial advisors...

OECD: Global economy to shrink by 6% in 2020

Organization for Economic Co-operation and Development (OECD) Secretary-General Jose Angel Gurria said, "The global economy will decrease at least six percent this year due...

“Opportunity for India to bring back manufacturing industries from China,” says Uday Kotak

The president of the Confederation of Indian Industry (CII) Uday Kotak on Saturday shared a 10 points agenda to revive the economy. During the conference...

Prakash Javadekar: Government approves Rs 20,000 crore subordinate debts for MSMEs

Narendra Modi led Central government has approved Rs 20,000 crore as subordinate debts for stressed MSMEs. Addressing the press on June 1, Prakash Javadekar, Union...

Government launches PM SVANidhi scheme to help 50 lakh street vendors

Prime Minister Narendra Modi led - Government of India has announced the launch of 'PM Street Vendors Atmanirbhar Nidhi (PM SVANidhi)' scheme a special...

IDFC First Bank launches video-based KYC facility for customers to open new savings accounts

India-based private bank IDFC First Bank has introduced its video-based KYC facility so that customers can open new savings accounts without the need to...

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