11:09 AM
Blogger
11:02 AM
Blogger
Anil Ambani-owned Reliance Capital - the parent company of Reliance ARC - is undergoing insolvency proceedings with Torrent Investments and Hinduja Group in the fray to acquire the financial services company. Reliance ARC is among 20 Reliance Capital subsidiaries that would be sold under the corporate insolvency process.
9:09 AM
Blogger
7:10 AM
Blogger
1:09 AM
Blogger
2:09 PM
Blogger
11:09 AM
Blogger
10:09 AM
Blogger
9:10 AM
Blogger
2:02 AM
Blogger
While the overall retail APE for the industry rose 10.5% on a year-on-year basis, helped by private players expanding at 18%, LIC's retail APE declined by 3% over the same period. The low growth resulted from a likely pre-booking of high-ticket non-ULIP policies in February and March 2023 to avoid the impact of taxation change proposed in the FY24 union budget, according to an Emkay report.
12:02 AM
Blogger
"The details about the process of transaction and other relevant details will be published on March 10, 2023 for inviting EOI from the Suitable Investors/Strategic Partners," the filing added.
2:09 PM
Blogger
1:02 PM
Blogger
"This settlement paves the way for restarting the business of RFL and focusing on building a niche in the MSME lending space. RFL will have a healthy balance sheet to sustain business growth in the next few quarters," stated a press release by the company.
12:09 PM
Blogger
9:10 AM
Blogger
3:10 AM
Blogger
The Centre's move to bring the cryptocurrency sector under the ambit of PMLA is in line with the global trend of requiring digital-asset platforms to follow anti-money laundering standards similar to those followed by other regulated entities like banks or stock brokers.
7:09 PM
Blogger
10:09 AM
Blogger
8:02 AM
Blogger
Shriram Housing Finance had assets under management (AUM) of Rs 7,200 crore at the end of December. Baring PE Asia had previously been among the major contenders to acquire ICICI Home Finance, a deal that didn't materialise.
12:02 AM
Blogger
"We have taken immediate steps to secure the service provider's system to prevent any further unauthorized access," HDB said in an emailed statement. The company did not immediately respond to a Reuters request for comment on the nature of the data breach and how many customers were affected.
9:09 PM
Blogger
9:02 PM
Blogger
The company -- backed by VCs like Info Edge Ventures, Leo Capital, and Saison Capital -- said that over 100 corporate partners have partnered with OneBanc to improve compliance standards, increase employee engagement, and increase productivity.
7:02 PM
Blogger
"Many categories have been digitised which has resulted in increased spends from existing customers using their credit cards," said Rama Mohan Rao Amara, MD & CEO, SBI Card.
2:02 AM
Blogger
Unless banks and other payment system operators raise the capacity, best customer experience may not be realised, he said.The RBI has been giving a big push to digitisation and is on a mission to take the Indian model globally. It has already facilitated payments through the UPI interface with Singapore.
10:09 PM
Blogger
10:02 PM
Blogger
According to an analysis by credit data company Crif Highmark, the debt portfolio is led by property loans which rose 26 per cent on-year to Rs 7,88,827 crore or 29 per cent of the outstanding, and gold loans soared by 64 per cent to Rs 7,06,047 crore, or 42 per cent of the total, indicating the rising level of financial stress households are facing.
9:09 PM
Blogger
8:02 PM
Blogger
Since the launch of the UPI-Paynear collaboration 10 days ago, 120 inbound transactions from and 22 outbound transactions to Singapore have been processed, while in-bound UPI transactions have seen 30 users from 10 countries being on-boarded with 77 merchant payments made, Das told reporters here announcing the RBI's Digital Payments Awareness Week.
7:09 PM
Blogger
7:09 PM
Blogger
9:10 AM
Blogger
11:02 PM
Blogger
Both offers are with effect from March 5, 2023, and are valid for a limited period till March 31, 2023, BoB said in a statement.
10:09 PM
Blogger
8:09 PM
Blogger
7:09 PM
Blogger
6:09 PM
Blogger
RSS Feed
Twitter
