Search For "bank"
SATYA MicroCapital Limited Secures Rs 500 Cr (USD 60Mn) Debt Funding from
Updated : 1 year, 6 months ago IST
New Delhi [India], September 7: RBI-registered NBFC-MFI SATYA MicroCapital Limited has once again secured Rs 500 Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation (referred as SMBC hereafter), a renowned Japanese multinational financial services institution under Sumitomo Mitsui Financi
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Private credit market in India sees robust growth in H1 CY2024 with USD 6
Updated : 1 year, 6 months ago IST
The momentum seen in H1 CY2024 has already outpaced the deal flow of the previous year, showcasing the growing interest and activity in the private credit sector.
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RBI imposes penalties on three housing finance companies for non-complianc
Updated : 1 year, 6 months ago IST
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.
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US national killed in West Bank protest against Israeli settlements
Updated : 1 year, 6 months ago IST
An American woman on Friday was fatally shot during a protest against Israeli settlements in the Palestinian town of Beita in the occupied West Bank. The Palestinian officials and eyewitnesses confirmed the incident, the New York Times reported.
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Ex-Paytm and HDFC Banker Launches Zero Carbon One at London Tech Week, Pio
Updated : 1 year, 6 months ago IST
New Delhi [India], September 6: In June 2024, Abhinav Kaushal, a seasoned professional, launched Zero Carbon One during London Tech Week. This deep climate tech company has quickly gained a foothold in the burgeoning decarbonisation market, expected to exceed $50 billion by 2030.
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
The reserves have been on an upward trend for some time. In 2024 alone, they have risen by over USD 60 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
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Sensex dives over 1,000 points on selling by unregistered FPIs, global cue
Updated : 1 year, 6 months ago IST
Indian stock indices took a sharp hit Friday, the last trading day of the current week, with all sectoral indices closing deep in the red. The sell-off was broad-based, with the banking and energy sectors taking the biggest hit.
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ICICI-Videocon scam: SC issues notice on CBI's plea against Bombay HC orde
Updated : 1 year, 6 months ago IST
The Supreme Court on Friday issued notice on an appeal filed by CBI challenging Bombay High Court order declaring the arrest of former ICICI Bank CEO-cum-MD Chanda Kochhar and her husband Deepak Kochhar as "illegal" in the alleged Videocon loan fraud case.
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August auto sales dip due to excess rainfall, FADA urge banks to tighten f
Updated : 1 year, 6 months ago IST
India's auto retail sales experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon season, according to a report by the Federation of Automobile Dealers Associations (FADA).
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Banking sector will lead the march to Viksit Bharat 2047: Secretary, DFS,
Updated : 1 year, 6 months ago IST
M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, said today, "All of us are aware that India's robust banking system is getting ready to meet the needs of Viksit Bharat."
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India's SM REITs market value likely to exceed USD 60 billion by 2026: Rep
Updated : 1 year, 6 months ago IST
The forecast reflects a growing interest in SM REITs, which are expected to play a key role in shaping the future of India's commercial real estate landscape
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India's Financial Services need to grow 20X to achieve $30 trn GDP by 2047
Updated : 1 year, 6 months ago IST
Despite the robust current state of India's banking system--characterized by high profitability, strong capital adequacy, and low non-performing assets (NPAs)--the sector faces challenges and opportunities to sustain its growth and support national economic ambitions.
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