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Topics: Financial institutions

HDFC Ltd in Rs 45,000 crore cash hunt

Private sector lender, Housing Development Finance Corporation Ltd (HDFC Ltd) on Monday said, "It is planning to raise up to Rs 45,000 crore through...

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...

Muthoot Finance plans for a stock split

Muthoot Finance on Friday said, "It is planning to consider a sub-division/stock split of equity shares." In a filing with the stock exchange, the company...

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...

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...

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,...

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...

Microfinance lender Satin Creditcare to raise Rs 120 crore through rights

Gurugram-based Microfinance lender Satin Creditcare Network Ltd (SCNL) is reportedly planning to raise to Rs 120 crore through a rights issue of shares. In a...

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...

Suryoday Small Finance Bank Ltd raises $8.2 million from Gaja Capital, Kotak Mahindra Life Insurance, Lok Capital and others

Mumbai-based small finance lender Suryoday Small Finance Bank Ltd has raised $8.2 million in private equity funding from its existing investors. The new round of...

Shriram Transport Finance plans to raise funds through debt securities

India based transport finance company, Shriram Transport Finance has announced its plan to raise funding through the issuance of debt securities. In a filing with...

Grab is raising $856 million from Mitsubishi UFJ Financial Group, and TIS Inc

Singapore based ride-hailing startup Grab on Tuesday said that “It is raising $706 million from Mitsubishi UFJ Financial Group Inc (MUFG), and $150 million...

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,...

Manappuram Finance plans for Rs 1,150 crore funding through debentures

India's leading Financier Manappuram Finance has announced its plan to raise Rs 1,150 crore through issuance of debentures. In a regulatory filing with the stock...

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...

Flipkart Co-founder Sachin Bansal resigns from Ujjivan Small Finance Bank board

Citing to the conflict of interest, Flipkart ex-CEO and Co-founder Sachin Bansal has announced that, “It has resigned as an independent director of Ujjivan...

Vodafone Group leaves Facebook's Libra currency group

Britain's Vodafone Group PLC has left the entity that manages the Facebook Inc led effort to launch Libra, a global digital currency, Libra Association...

Manappuram Finance to secure Rs350 crore through issuance of NCDs

India based non-banking financial company, Manappuram Finance Ltd is planning to raise Rs 350 crore through issuance of non-convertible debentures (NCDs) on a private...

NIUM launches its cross-border payments platform in Indonesia

With the attempt to strengthen its position in Southeast Asia’s cross-border payment space. NIUM (a formerly known as InstaReM) on Wednesday, said that “It...

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