Cloverdell Investment Ltd, an affiliate of Warburg Pincus has sold 25% stake in the company to marquee Foreign and domestic investors. Cloverdell Investment Ltd continues to be the Promoter of the company with 36% stake in Capital First Limited.
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Following the current trend of reducing interest rate on home loan, Axis Bank truncated its current interest rate by 30 basis points (or 0.3 per cent) on Thursday
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State Bank of India, the nation's top lender by assets, reported a more than doubling of its fourth-quarter net profit as expected, while its bad loan ratio narrowed on a quarter-on-quarter basis
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Mutual Funds remain one of the most misunderstood investment products available today
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Anuj Gulati, CEO, Religare Health Insurance speaks with BW Businessworld on the key future Health Insurance trends that he foresees, his strategic priorities for FY18, the burgeoning role of digital, and Religare's recent decision to exit its stake in the company
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Vighnesh Shahane, CEO and Whole Time Director, IDBI Federal Life Insurance speaks to BW Businessworld on the company's focal areas for FY18, their formula for maximizing persistency, and the "uninsurance office" work environment that he's striving to foster
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The physical versus digital channel trade-off is up for debate again
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Indian banks' struggles with bad loans over the past three years have opened an opportunity to ramp up lending for so-called non-banking financial companies, which are not as strictly regulated as banks
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