Unlike India's other large banks, all the para banking assets are being acquired by promoter entity IIHL instead of Indusind Bank, which has the same aspirations. Promoters gain but are public shareholders of the bank losing out?
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The report underscores the broader implications of AI as a GPT, likening its potential to the industrial revolution's steam engine and the internet age's transformative power
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Nirmala Sitharaman’s reappointment as the Union Minister of Finance not just reaffirms the Modi government’s faith in her but also signals the continuity of India’s economic reforms. As she takes her mandate forward in NDA 3.0, here is a recap of her key achievements so far as FM
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Veefin plans to enhance its product portfolio by incorporating two flagship solutions from Regime – TaxGenie and PayInvoice – into its supply chain technology platform designed for banks and financial institutions
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The report says that hopes of normal monsoons and a move towards defensives in the current volatile environment have seen some comeback for FMCG and consumer durables
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Capital Small Finance Bank will utiilise its network and customer base to distribute ICICI Lombard’s suite of general insurance products, including health, motor, home etc.
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The OECD expects India to sustain real GDP growth through enhanced business confidence and substantial investments
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K. Satyanarayana Raju, CEO & MD, Canara Bank, discusses RBI's draft lending rules, monitoring of under-construction projects, deposit growth and subsidiary monetisation
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Most are focusing on lending to logistics, data centres, multi-family rentals and the high-end office market while the office sector more broadly continues to struggle, deterring funds
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The strategic investment will drive the company's AUM growth, support market expansion in the microfinance segment
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