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Topics: Financial institutions

IDFC First Bank board okays to raise Rs 3000 crore

Private sector financial institution, IDFC First Bank has said, "Its board has approved raising of up to Rs 3,000 crore through various modes." In a...

U GRO Capital raises Rs 178 core in debt, loan disbursal stood at Rs 2,000 cr

Small business lender U GRO Capital on Thursday said, "It has raised an incremental of Rs 178 crore in debt, for a total of...

NIIFL commits to invest $100 mn from New Development Bank into NIIF Fund of Funds

The National Investment and Infrastructure Fund Ltd (NIIFL) has said, "It will invest $100 million from the New Development Bank (NDB) into the NIIF...

Finance and Investment Should be Mandated in all Curriculum

The recent economic crisis has focused a spotlight on the need for financial decision-making in times when the economy is uncertain. Our school education...

Budget 2021: Reactions from the Finance & Banking sector

In a bid to boost the pandemic hit economy, through the multiple investment announcement in the financial and banking sector. Finance Minister Nirmala Sitharaman...

Budget 2021: Trade union of bank threatens to strike work

The Trade Union of Bank, All India Bank Employees Association (AIBEA), has threatened to strike work against the recent announced Budget's proposal for privatizing...

Budget 2021: FM Nirmala Sitharaman reveals plans for disinvestment, PSU privatization

Revealing the plan for disinvestment and privatization, Finance Minister Nirmala Sitharaman on Monday announced to divest two PSUs and one general insurance company. "All disinvestment,...

Budget 2021: Clear guidelines on Global listing is need of an hour for fintech sectors

The anticipation around the Union Budget 2021 is tremendous, especially for the fintech industry, considering the seam it has picked up in 2020. Given...

Provide level playing field to Agri-NBFCs in Budget 2021-22

Agriculture and allied activities employ more than 50 percent of the workforce and yet remain largely unorganized and fragmented. Even after showing the silver...

Budget 2021: Economic resurgence and crucial Indian startup ecosystem

India's startup ecosystem has been crucial in its economic resurgence, especially after our GDP is estimated to reduce by a record 7.7 percent during...

Budget 2021: Budget expectations of Fintech sector

Before the Finance Minister Nirmala Sitharaman presents the Union Budget in the Parliament on February 1, 2021. Here's what the Fintech sector expects from the...

GrayQuest ties up with SBM Bank to boost access to quality education

India based education fintech company GrayQuest has announced its partnership with SBM Bank to facilitate access to affordable funds for clients. "Through the partnership, SBM...

Paytm Bank partners with Suryoday Small Finance Bank for Fixed deposit service

Digital Banker, Paytm Payment Bank has announced its partnership with Suryoday Small Finance Bank to facilitate fixed deposit services for its account holders. "With this...

Interview: The Budget should extend the credit guarantee scheme available for MSMEs: Umesh Mohanan, CEO of Indel Money

Umesh Mohanan, Executive Director and CEO of Indel Money tells TechGraph that, "Extending credit guarantee scheme available for MSMEs, will help them to get...

PNB Housing Finance independent director Shubhalakshmi Panse resign

PNB Housing Finance in its statement said, "It's independent director Shubhalakshmi Panse has resigned from her position to continue her role at Can Fin...

NSE launches derivatives on Nifty Financial Services Index

The National Stock Exchange (NSE) on Monday announced the launch of derivatives on the Nifty Financial Services Index. NSE in its statement said, "It has...

SBI raises $600 mn from overseas bonds

India's leading public sector bank, State Bank of India (SBI) on Thursday said, "It has raised $600 million from overseas bonds." In a filing with...

Krazybee appoints former Executive Director of RBI, G Gopalakrishna as Independent Director

Krazybee Services Private Ltd has announced the appointment of former executive director of Reserve Bank of India, G Gopalakrishna as an Independent Director. Mr. Gopalakrishna...

Top 5 Digital lenders offering personal loans in India

The year 2020 witnessed significant advancements in the fintech sector. A major reflection of the same can be observed in the digital lending segment. The...

ICICI Bank launches ‘Infinite India’ initiative for foreign business in India

ICICI Bank has announced the launch of 'Infinite India,' an online platform for foreign companies who are looking to establish or expand business in...

Pine Labs secures fresh funding from Lone Pine Capital

Merchant commerce platform, Pine Labs on Monday, raised a fresh round of funding from Lone Capital (Lone Pine). With this investment, Pine Labs is...

TReDS platform M1xchange secures $4.5 mn from BEENEXT and Mayfield

Reserve Bank (RBI) approved TReDS platform, M1xchange has raised $4.5 million in equity round funding from Singapore based BENEEXT Asia, and Mayfield. "The company will...

Beyond 2020 – The FinTech story

In the wake of the deadly Coronavirus outbreak, the world witnessed unprecedented changes that restricted the functioning of several sectors. Not knowing how long the...

Shriram City Union Finance to raise Rs 200 crore through bonds

Shriram City Union Finance on Monday announced to raise Rs 200 crore through the issuance of bonds on a private placement basis. In a filing...

Bank of Maharashtra secures Rs 200 crore via bonds

Bank of Maharashtra on Monday said, "It has raised Rs 200.70 crore through private placement of Basel III compliant tier II bonds." In a filing...

ICICI Securities launches zero-brokerage plan for customers

India based stock trading platform, ICICI Securities has announced the launch of 'ICICIDirect Neo' – a zero brokerage plan for customers. "This is a one-of-its-kind...

Report: Most shops in Germany to remain close from 16 December

In an effort to control the further spread of coronavirus in the country, Germany is reportedly planning to close most of the shops from...

RBI promotes R Subramanian, Rohit Jain & RS Ratho as Executive Directors

The Reserve Bank Of India (RBI) has promoted three of its Chief General Managers (CGMs), R Subramanian, Rohit Jain, RS Ratho as its Executive...

DBS Bank India partners with Haqdarshak to help MSME sector recover

DBS Bank India has joined hands with social enterprise Haqdarshak to enable the recovery of Indian businesses through its newly launched platform, which offers...

Smallcase raises funding from HDFC Bank

As a part of recently concluded $14 million Series B round funding, Smallcase has raised an undisclosed amount from HDFC bank. The new round funding...

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