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Articles for Banking & Finance

Axis Bank Extends Rs 700 Crore Loan To IndiaRF Fund For Ind Swift Acquisition

The buyout fund, backed by Bain Capital and Piramal Enterprises, has secured senior debt from Axis Bank to facilitate the acquisition of Ind Swift Laboratories' API business for Rs 1,650 crore

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Bank Of India Slashes Home Loan Rates By 0.15% Until 31 March

After the interest rate cut, the monthly instalment (EMI) on a 30-year home loan is projected to be as low as Rs 755 per month

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HDFC Bank Finalises $1.15 Bn Stake Sale In HDFC Credila

Private equity firms BPEA EQT and ChrysCapital have acquired the stake, concluding a deal that was initially announced in June of the previous year

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RBI Projects 8% Growth Amid Global Slowdown, Indicates Changes In Consumer Demand

Despite the backdrop of a global economic slowdown and geopolitical uncertainties, the RBI maintains an optimistic view regarding India's overall macroeconomic stability, indicating conducive conditions for further growth

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Central Bank Of China Reshuffles Monetary Policy Committee

Wu Qing, who recently assumed the role of head of the China Securities Regulatory Commission (CSRC), replaced his predecessor Yi Huiman on the committee, according to the statement released late Tuesday

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Crisil Upgrades U Gro Capital Ratings To A/Stable

Crisil has upgraded long-term rating on bank loans and non-convertible debentures to 'Crisil A/Stable' from 'Crisil A-/Positive' of U Gro Capital

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SoftBank India Promotes Sarthak Misra To Partner Position

Misra, who joined SoftBank in 2019 following a tenure at Matrix Partners India, holds board positions in prominent e-commerce platforms such as Meesho and B2B online retailer OfBusiness

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Shriram Finance Arm Raises $300 Mn Through 'First Of Its Kind' Social Bonds

Proceeds from social bonds are earmarked for addressing specific social issues like access to essential services, financial inclusion and job creation

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