Adani credit flashes warnings after group gorged on cheap debt
Gautam Adani’s sprawling corporate empire embraced the era of cheap debt like few others. But with yields spiking and access...
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Enterprise
Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASREC
Jammu and Kashmir Bank is likely to sell its ₹303 crore KSK Mahanadi Power debt to ASREC (India) Pvt Ltd,...
Read moreRBI greenlights 32 companies’ applications to operate as online payment aggregators
The Reserve Bank of India on Wednesday said that it has granted in-principle approval to 32 payment aggregators including Amazon...
Read moreSeveral banks open special vostro accounts for trade in rupee, more countries expressing interest
Several banks, including HDFC Bank and UCO Bank, have opened special vostro accounts to facilitate overseas trade in the rupee...
Read moreGoldman Sachs leads India fintech funding while deals dry up
Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually...
Read moreICICI Bank signs MoU with European bank BNP Paribas
ICICI Bank on Tuesday signed a Memorandum of Understanding (MoU) with a European bank BNP Paribas in order to cater...
Read moreKotak Bank arm raises USD 590 mn fund for data centre investments in India
A Kotak Mahindra Bank arm on Tuesday announced that it has raised USD 590 million (about Rs 4,885 crore) for...
Read moreBillionaire Uday Kotak’s Kotak Mahindra Bank weighs insurance unit stake sale, sources say
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit,...
Read moreTotal exposure of 5 state-run general insurers in Adani group at Rs 347 cr: MoS Finance
Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total...
Read moreBanks report record quarterly NII in Q3 amid improving credit offtake and better asset quality
The banking sector reported the strongest year-on-year growth in net interest income (NII) for the December 2022 quarter since the...
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