India's Budget 2025-26 cOVEAGE
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Topics: Bank

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...

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises." Launched...

U GRO Capital launches end-to-end lending platform ‘Sanjeevani’ to help 500,000 MSMEs

In a bid to help the pandemic hit MSMEs, U GRO Capital, a Mumbai-based fintech company, on Saturday announced the launch of "Its end-to-end...

ICICI Bank divested 1.50% shares of ICICI Prudential Life Insurance

In a bid to strengthen the balance sheet as the opportunities arise, the ICICI Bank on Monday said, "It has divested 21,500,000 equity shares...

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...

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 Watch: EU heads of state to discuss the recovery plan today

The Bank of England kept rates unchanged and expanded its asset purchases by GBP 100bn to GBP 745bn. The BoE would have held back...

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...

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...

“Not offering any emergency loans through YONO Platforms,” says SBI

State Bank of India has clarified that it is not offering any kind of emergency loans through its YONO platform. The clarification on the loan...

Innovative “Eco-Business Park” To Be Built In Canadian City

The City of Summerside, Prince Edward Island, Canada is allocating $10 million towards the construction of an eco-industrial park that is meant to foster...

Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

In a bid to revive the coronavirus-affected economy, the Bank of Canada on Friday announced its plans to reduce its interest rate to 0.25...

Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...

Rahul Gandhi: Who are these 500 wilful bank defaulters?

Speaking in the parliament on Monday, Indian National Congress leader, Rahul Gandhi asked the government, "Who are these 500 wilful bank defaulters, and why...

YESBankCrisis: ED summons Anil Ambani in money laundering probe

Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor...

Lava launches “LAVA Pay”, an offline-based digital payment app

India-based multi-national handset maker Lava International has launched its offline-based digital payment solution “LAVA Pay” for its feature phone users. In a statement issued, the...

Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

The Reserve Bank of India may offer additional time to Bandhan Bank to decrease its promoter shareholding in the bank. According to India's leading newspaper,...

SREI Infra Finance, CEO says, “Sector should raise resources on a sustained basis”

India's leading non-banking finance company, Srei Infrastructure Finance Limited, has said that “The sector which is going through liquidity crisis should be able to...

ICICI Bank secures Rs 945 crore through issuance of Basel III compliant bonds

India's leading private bank, ICICI bank on Monday said, that, “It has secured Rs 945 crore through issuance of Basel III compliant bonds on...

Coronavirus Outbreak: China cleans, locks away banknotes to stop virus spread

China is disinfecting and isolating used banknotes as part of efforts to stop the spread of the new coronavirus that has killed more than...

Maveric Systems appoints Ramesh Vasamsetti as Director of Quality Engineering Business

Chennai-based global banking technology solution provider Maveric Systems on Monday announced that "it has appointed Vasametti as its new director of Quality Engineering (QE)...

UniCredit confirms its plan to cut 6,000 jobs in Italy as union negotiations begin

UniCredit confirmed plans to cut a total of 6,000 jobs in Italy over the next four years as the country's biggest bank began the...

Thomas Gottstein to replace Tidjane Thiam as Credit Suisse new boss

Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle at Switzerland's second-biggest bank, which faces investor pressure over a spying scandal...

Reports: Goldman Sachs to raise $8 bn in its second buyout fund

Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to...

Finance Minister Nirmala Sitharaman introduces "Insolvency and Bankruptcy code" bill in Lok Sabha

Finance Minister Nirmala Sitharaman on Thursday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code. The Insolvency and Bankruptcy...

"India's economy to be at 4.3% in Q4 2019", says Nomura

India's economy is expected to grow at 4.3 percent in December quarter this year amid concerns over crisis in the NBFC sector, according to...

India making sixth interest rate cut, still no cure for economy

Five interest rate cuts since the start of the year hasn't stopped India's economy from slowing to its weakest growth rate since 2013, but...

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