Blackstone Bets Big: Ready to Invest ₹6,196.5 Crore in Federal Bank Through Warrants
Federal Bank is planning to raise money by issuing warrants (a type of financial instrument that can later be converted into shares) to Blackstone,...
Yes Bank Bags ₹78 Crore, Thanks to Security Receipts
YES BANK has received ₹78 crore from its investment in security receipts. This represents a substantial boost to the bank's cash inflow. On June...
Indermit Gill to be the next Chief Economist of World Bank from India
Indermit Gill will be the second Indian national to become the chief economist of the World Bank, after Kaushik Basu.
Gill is currently the World...
ACC Approves Kalyan Kumar as MD & CEO of Central Bank of India
The Appointments Committee of the Cabinet (ACC) officially approved the appointment of Kalyan Kumar as MD & CEO of Central Bank of India on...
Orissa Government De-Empanels HDFC, ICICI and Axis Bank Over Poor Performance
On June 21, the Orissa government removed three private banks HDFC Bank, ICICI Bank, and Axis Bank from its list of empanelled banks over...
China Banks To Raise 520 Billion To Boost Financial Strength
State banks of China are raising massive funds up upto Rs 520 billion yuan to boost the financial strength of the country. The Chinese...
Two big banks, JPMorgan and MUFG to Finance $22B Texas Data Center Project
JPMorgan and Japanese bank MUFG are planning to fund a massive $22 billion project in Texas Data Center Project. The money will help build...
UPI Smashes Records with ₹17.8 Lakh Crore in Festive Season Payments
According to a report by Bank of Baroda, UPI has become the most popular way to make payments during the festive season, showing that...
RBI Governor Asked Banks to Improve Services and Reduce Grievances
RBI governor Sanjay Malhotra, while speaking at the annual conference of the RBI Ombudsmen has asked all the Banks and the Financial Institution to...
Bankers says, RBI New PCE Guidelines Could Shake Things up, Especially Infrastructure Projects
The Reserve Bank of India (RBI) has released new draft guidelines on PCE. New rules make it easier and cheaper, especially in infrastructure, to...