Date | Title | Description |
24.10.2024 | RBI slams high-cost lending, calls for affordable credit from Microfinance Institutions | The Reserve Bank of India (RBI) has delivered a sharp message to Microfinance Institutions (MFIs), urging them to realign their lending practices and prioritise affordability in their credit offerings.
MFIs can no longer hide behind the fac... |
24.10.2024 | IndusInd Bank Q2 PAT tanks 40 per cent on higher provisions, bad loans | Private sector lender IndusInd Bank on Thursday reported a sharp 40 per cent year-on-year (y-o-y) and 39 per cent quarter-on-quarter (q-o-q) fall in its Q2FY25 consolidated net profit at ₹ 1,331 crore, largely on account of higher provision... |
23.10.2024 | NCLT dismisses Anil Ambani plea against use of Reliance Capital brand by IIHL | The National Company Law Tribunal has dismissed an application filed by Anil Dhirubhai Ambani Ventures seeking revocation of an earlier order allowing Reliance Capital to use the ‘Reliance’ brand for three years during the implementation of... |
17.10.2024 | Kotak Mahindra Bank’s pursuit of top-3 spot poses M&A Risks: Bernstein
Macrotech acquires 7 land parcels for Rs 166 billion housing projects | ECONOMY & POLICY Kotak Mahindra Bank’s pursuit of top-3 spot poses M&A Risks: Bernstein
17 Oct 2024 2 Min Read CW Team
Kotak Mahindra Bank's ambition to become India’s third-largest private sector lender by 2030 could expose it to s... |
06.10.2024 | The Banking Landscape: A Shift in Deposits and Credit Growth | The banking sector in India is experiencing a notable shift. For the first time in two years, private banks are seeing higher deposit growth than credit growth. This change is significant. It reflects a cautious approach in a landscape mark... |
04.10.2024 | Top private banks’ Q2 biz updates see higher deposit growth than credit | Top private banks have started posting higher deposit growth than credit in the quarter ending September 2024, according to provisional Q2FY25 business updates reported by lenders to exchanges. The trend has reversed after a period of at le... |
30.09.2024 | Noida Authority Seeks ED's Help to Recover Rs.191.9 Crore from Developers
GR Infraprojects to Raise $200 Million for Urban Infrastructure Projects
Government Implements Strategy to Boost Shipbuilding ... | Real Estate Noida Authority Seeks ED's Help to Recover Rs.191.9 Crore from Developers
30 Sep 2024 4 Min Read CW Team
The Noida Authority has formally requested the Enforcement Directorate (ED) to recover Rs.1.919 billion in dues from Hacien... |
20.09.2024 | GyFTR: Gift Cards & Vouchers | Share
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In today’s fast-paced world, credit card rewards, and cashback offers have become key features for customers looking to maximize the benefits of their financial products. GyFTR is a digital platfor... |
18.09.2024 | Financial Maneuvers and Cultural Shifts: A Snapshot of Recent Developments in India | In the ever-evolving landscape of Indian finance and governance, two recent events stand out. One involves a significant financial maneuver by the Hinduja Group, while the other highlights a cultural shift in public holidays in Maharashtra.... |
16.09.2024 | Large private banks’ attrition rate falls in FY24 | Holding managers accountable, smoothing the onboarding process, and offering higher incentives, among other factors, have helped India’s large private banks lower the attrition rate in FY24 compared to the previous fiscal, data from banks’ ... |
16.09.2024 | Hinduja Group firm raises ₹3,000 crore via NCDs to partly fund RCap buyout | Hinduja group firm Cyqure India has raised ₹3,000 crore via zero coupon non-convertible debentures (NCDs) at 14.5 per cent yield on Monday to partly fund the acquisition of Reliance Capital (RCap), data from the BSE showed.
The bond issue o... |
14.09.2024 | A New Era for Indian Sports: GoSports Foundation and Rainmatter Join Forces | In the bustling heart of Bangalore, a partnership is brewing that could reshape the landscape of Indian sports. The GoSports Foundation, a beacon of hope for aspiring athletes, has teamed up with Rainmatter, a venture fund backed by Zerodha... |
13.09.2024 | Rainmatter Boost for GoSports Foundation Mission | Bangalore, Karnataka, India
GoSports Foundation, a pioneering force in Indian sports, has partnered with Rainmatter, a venture fund by Zerodha to support companies working in the area of health, climate & finance. The partnership marks ... |
02.09.2024 | Twid Unveils Industry-First 'Reward Mandates' to Revolutionise Subscription Payment Setups, Anticipates 15%-20% Reduction in Payment Failures | Bangalore, Karnataka, India
Twid, India's leading rewards-based payment network announces the launch of the Reward Mandates, designed to transform the landscape of subscription payment mandates by integrating rewards into recurring transact... |
30.08.2024 | Recognise, Honour and Celebrate of Exemplary Achievements in the Global Fintech Landscape | Mumbai, Maharashtra, India
While global experts deliberated upon major fintech policy issues 360 degrees at the Global Fintech Fest 2024 (GFF 2024) over three days, August 28-30, the results of the prestigious Global Fintech Awards (GFA) 20... |
23.08.2024 | IndusInd Holdings Gets Nod to Acquire Majority Stake in Invesco Entities
TOTO India celebrates 10 years of manufacturing excellence in Gujarat
A Forest of Memories
Bhopal lags behind Indore Metro Proj... | ECONOMY & POLICY IndusInd Holdings Gets Nod to Acquire Majority Stake in Invesco Entities
23 Aug 2024 2 Min Read CW Team
IndusInd International Holdings Ltd. (IIHL) has received approval from the Competition Commission of India (CCI) to... |
20.08.2024 | M1xchange launches international trade financing platform for Indian MSMEs at GIFT City | M1xchange, a digital invoice discounting platform for MSMEs, has set up an international platform —M1NXT ITFS— in GIFT City to enable Indian MSMEs avail global factoring services.
This international trade financing services (ITFS) platform ... |
14.08.2024 | Banks offer higher interest rates on savings above set thresholds | The success of some private sector bank in mobilising savings bank (SB) deposits through innovative products and services, including offering higher rate of interest on balances above a certain limit, may prompt other banks to introduce the... |
31.07.2024 | RCap deal: NCLT to hear Hindujas plea next week | The National Company Law Tribunal, Mumbai, has posted the hearing on Hindujas plea for the extension on the deadline for Reliance Capital acquisition to early next week.
When the application filed by IndusInd International Holdings for exte... |
29.07.2024 | Q1FY25: A Mix Bag of Results for Banks This can be credited to the general elections and heat waves across the country | Major banking players such as Punjab National Bank, ICICI Bank, IDFC FIRST Bank, and IndusInd Bank recently presented their first-quarter results. The quarter 1 results for FY2025 show mixed performance from Indian banks, state or non-state... |
27.07.2024 | IndusInd Bank’s Cyber Heist: INR 40 Cr Sent To Multiple Mule Accounts | SUMMARY
Fraudsters managed to transfer INR 40 Cr from the bank’s customers into various mule accounts of which INR 33 Cr were retrieved by the Maharashtra cyber cell
As per PTI, the incident was reported by a vigilant bank official on July ... |
25.07.2024 | IndusInd Bank's Bold Leap: A ₹30,000 Crore Fundraise for Future Growth**
** | ** IndusInd Bank is gearing up for a significant financial maneuver. The private sector lender has announced plans to raise ₹30,000 crore, a strategic move aimed at bolstering its financial foundation and fueling expansion. This decision co... |
25.07.2024 | Market Pulse: A Cautious Dance on Dalal Street Amid Earnings and Economic Signals**
** | ** The Indian stock market is a living organism, pulsating with energy and uncertainty. As we approach a critical juncture—the Union Budget 2024—investors are treading carefully. The recent sell-off has left the benchmark indices gasping fo... |
22.07.2024 | IndusInd Bank Plans Rs.300 Bn Fundraise for Expansion
CNH India marks production milestone: 700,000 tractors in Greater Noida
Ecom Express strengthens leadership team
Railway Board Approves Elevated T... | ECONOMY & POLICY IndusInd Bank Plans Rs.300 Bn Fundraise for Expansion
22 Jul 2024 2 Min Read CW Team
IndusInd Bank has announced a major fundraise plan of ?300 billion to bolster its financial position and support its expansion strateg... |
21.07.2024 | Dalal Street Week Ahead: Union Budget, Q1 Earnings, US GDP among 10 key factors to watch | Dalal Street Week Ahead
Market participants remain cautious ahead of the key event, the Union Budget 2024, scheduled for next week. The benchmark indices lost about a percent due to Friday's sell-off, ending the week flat with a positive bi... |
20.07.2024 | IndusInd Bank plans ₹30,000 crore fund raise via debt and securities | Private sector lender IndusInd Bank on Friday said it plans to raise ₹30,000 crore through debt securities and share sales.
In a stock exchange filing, the lender said its Board of Directors approved the fund raise at a meeting held on Frid... |
11.07.2024 | Myntra Integrates Reward Points from Multiple Banks and Brands with Twid's "Pay with Rewards" | Bengaluru, Karnataka, India
Twid, India's leading rewards-based payment network, and Myntra, one of the country's leading fashion, beauty and lifestyle e-commerce platforms, today announced a strategic partnership revolutionizing the shoppi... |
10.06.2024 | Simplifying Contactless Payments Through Credit Cards on Bajaj Markets | Pune, Maharashtra, India
Explore a wide range of credit cards on Bajaj Markets, a digital finance marketplace. Utilise the convenience, speed, and security of contactless transactions offered by credit cards. Contactless payments eliminate ... |
06.06.2024 | Effective Methods for Calculating Interest Rates on Fixed Deposit Accounts | Mumbai, Maharashtra, India
In the field of financial strategy, Fixed Deposit (FD) accounts present themselves as a steadfast and secure investment solution. The appeal of fixed returns and minimal risk positions them as the top choice for a... |
06.06.2024 | Indian shares seen opening slightly higher as Modi set for third term | - |
06.06.2024 | Allahabad HC issues a contempt notice against Noida authority
KEC International Wins Contracts Worth ?115 Million
Tamil Nadu Trials CNG Bus Conversion
Chingrighata Metro Pier 319 Nears Completion | ECONOMY & POLICY Allahabad HC issues a contempt notice against Noida authority
06 Jun 2024 3 Min Read CW Team
The CEO of Noida Authority faces a contempt notice from the Allahabad High Court for neglecting to register around 300 apartme... |
05.06.2024 | RBL, IndusInd, Bandhan Bank become 'value' buy, soar up to 7%; here's why | - |
04.06.2024 | Sensex plunges over 5,000 points intraday; check factors behind the fall | - |
03.06.2024 | Rs 2,000 banknotes worth Rs 7,755 cr left with public; 97.82% returned | - |
03.06.2024 | Nifty Bank hits 50,000 mark for the first time ever; Check key reason | - |
03.06.2024 | Nifty Bank index races past 50,000 mark in post-election euphoria | - |
01.06.2024 | Indian bankers get ready for IPO surge as elections come to a close | - |
01.06.2024 | Will take decisive steps to stabilise banking system: FM Sitharaman | - |
30.05.2024 | Rs 2000 counterfeit notes more than double, says RBI annual report | - |
30.05.2024 | Unclaimed deposits with banks rise 26% to Rs 78,213 crore: RBI report | - |
30.05.2024 | Bank frauds rise 166% in FY24 to over 36,000 cases, shows RBI annual report | - |
29.05.2024 | CLSA identifies 54 key stocks to benefit from BJP win, PSUs dominate list | CLSA said banks such as HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank are attractive due to their growth potential.
International brokerage CLSA identified 54 companies that will be direct beneficiaries of the current government's pol... |
28.05.2024 | Indian govt bond yields seen steady as traders await fresh triggers | - |
26.05.2024 | Credit card spends fall 5% in April, pace of new card additions slower | Spends on credit cards moderated in April 2024 from the previous month, declining 4.84 per cent to ₹1.56-lakh crore, according to data by the Reserve Bank of India.
Spends in April traditionally see a fall, given that spends generally tend ... |
23.05.2024 | Experience Hassle-free Travel Abroad; Apply for a Forex Card on Bajaj Markets | Pune, Maharashtra, India
Bajaj Markets, a digital financial marketplace, offers a forex card in partnership with IndusInd Bank to enhance the travel experience for international travellers during vacations. Designed to simplify transactions... |
23.05.2024 | 4 reasons why Sensex surged almost 1,200 points, Nifty tested 23K on May 23 | - |
22.05.2024 | Indian bond yields flat as traders eye next move to infuse cash in system | - |
22.05.2024 | Southeast Asian nations account for half of financial frauds in India: MHA | - |
19.05.2024 | Narayanan Vaghul: A generous leader and true colossus of Indian banking | - |
16.05.2024 | Credit offtake stays robust at nearly 16% in May, shows RBI data | - |
16.05.2024 | SBI hikes FD interest rates: Here's what all the banks are offering | - |
16.05.2024 | India sees forex reserves as main tool to manage bond index inflows | - |
15.05.2024 | Nifty Bank, Private Bank indicate bullish turn on charts; key levels here | - |
14.05.2024 | India's move to buy back bonds runs into RBI's need to keep tight stance | - |
14.05.2024 | LS polls: Raebareli still Gandhi stronghold amid threat of Amethi redux | - |
12.05.2024 | Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking | - |
08.05.2024 | Explore Credit Cards on Bajaj Markets for Akshaya Tritiya Gold Purchases | Pune, Maharashtra, India
Explore a range of credit cards on Bajaj Markets, a digital financial marketplace, for Akshaya Tritiya 2024 gold investments. Celebrate new beginnings and prosperity with gold purchases using credit cards for added ... |
07.05.2024 | Mid-day Mood | Sensex, Nifty extend losses amid broad-based selling | Indices fall amid broad based selling
Sensex and Nifty 50 extended losses on May 7 amid selling pressure across sectoral indices and in the broader market.
Barring Nifty FMCG, all major sectoral indices were in the red with Nifty Metal inde... |
06.05.2024 | Home loan outstanding up by Rs 10 lakh cr: What does this mean? | - |
06.05.2024 | Banks’ CASA share slips up to 700 bps in FY24 amid deposit stress, term deposits surge | The share of current account (CA) and saving account (SA) deposits as a share of total deposits fell for most banks during FY24, amid intensified pressure for retail deposit mobilisation and increased reliance on term and bulk deposits.
CAS... |
02.05.2024 | LS polls: India equity options pricing in a no-surprises election verdict | - |
02.05.2024 | Currency derivatives volumes plunge significantly on RBI exposure norms | - |
01.05.2024 | Top 4 credit card issuers lose market share in FY24 | MUMBAI The top 4 credit card issuers of the country saw a decline in their market share during FY24, both in terms of monthly card spends and total cards outstanding, according to data by the Reserve Bank of India.
The market share of the t... |
30.04.2024 | Bank credit growth to NBFCs, personal loans moderate in March: RBI data | - |
29.04.2024 | RBI launches two key surveys to get inputs for upcoming monetary policy | - |
29.04.2024 | Cash still king? Rs 1.4 cr is monthly average ATM cash withdrawals in FY24 | - |
26.04.2024 | Front running case: Sebi bans 8 cos; impounds 'unlawful gain' of Rs 1.3 cr | - |
26.04.2024 | bl analysis. Kotak Mahindra Bank: Shedding the underperformer tag may be a tough task | Once reckoned as a value generator, Kotak Mahindra Bank now seems to be struggling to keep that tag. In the last three years, the bank’s stock price has eroded by 5.3 per cent, while its peers ICICI Bank, Axis Bank and IndusInd Bank have ge... |
26.04.2024 | Risky borrowing: India's household debt has likely surged to all-time high | - |
25.04.2024 | IndusInd Bank Q4 results: Net profit rises 15% to Rs 2,349 crore | - |
25.04.2024 | IndusInd Bank Q4 result: PAT up 15% to Rs 2,349 cr on healthy loan growth | - |
24.04.2024 | Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years | - |
24.04.2024 | DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP | - |
23.04.2024 | Flows into NRI deposits up 84.4% to $11.8 bn in April 2023-February 2024 | - |
22.04.2024 | IndusInd Bank successfully executes RBI's programmable CBDC pilot | - |
16.04.2024 | Nifty Bank, Nifty Financial Services charts signal downtrend in near-term | - |
15.04.2024 | Bajaj Markets Helps Users Build Credit with 30+ Credit Card Options | Pune, Maharashtra, India
It is important to maintain a robust credit score for accessing favourable loan terms and credit opportunities. Bajaj Markets, a subsidiary of Bajaj Finserv presents a curated selection of 30+ credit cards designed ... |
14.04.2024 | Banks’ margins to shrink but loan growth, lower credit cost to aid PAT | Banks profitability in seen moderating in Q4 FY24 to around 10 per cent y-o-y, on the back of muted NII (net interest income) growth and further shrinking of margins.
Margins are expected to shrink 3-12 bps on quarter due to increase in ban... |
11.04.2024 | Over 6,000 Indian workers to reach Israel by May to help labour shortage | - |
05.04.2024 | Fixed deposit rates in April 2024: Why it's prime time for FD investments | The Reserve Bank of India (RBI) on Friday decided to keep the policy rate unchanged for the seventh time in a row. The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since ... |
05.04.2024 | Marico expects revenue growth in Q4 after three quarters of fall, shares up | Indian consumer goods manufacturer Marico expects revenue growth in the March quarter after logging three straight quarters of fall, as demand for fast-moving consumer goods stayed consistent compared to the previous quarters, it said on Fr... |
04.04.2024 | HDFC Bank reports over 7% QoQ growth in deposits in Q4FY24; stock zooms 3% | Shares of HDFC Bank advanced 3.2 per cent to Rs 1,529.85 on the BSE in Thursday's intraday trade after the lender reported a healthy deposit growth, on a quarterly basis, in the March quarter.
The stock closed 3 per cent higher at Rs 1,528 ... |
27.03.2024 | Closing Bell: Nifty above 22,100, Sensex up 526 pts; capital goods, realty, auto shine | - |
21.03.2024 | Banks to remain open on March 31 despite Easter Sunday: Here's why | The Reserve Bank of India (RBI) has announced that all agency banks involved in government transactions will remain open on March 31, 2024. This decision coincides with Easter Sunday, a significant celebration for the Christian community. H... |
21.03.2024 | Eicher Motors rallies 4% after UBS upgrades stock to 'Buy', sees 29% upside | Shares of Eicher Motors, the maker of Royal Enfield motorcycles, sprinted 5.9 per cent to Rs 3,938.6 per share on the BSE in Wednesday's intraday trade after global brokerage UBS upgraded the stock to 'buy' from 'neutral'.
It ended 4.2 per ... |
19.03.2024 | Mid-day Mood | Sensex, Nifty down amid selloff in broader indices; Fed's interest rate decision awaited | Indices remain weak amid broad-cased sell-off
Equity benchmarks Sensex and Nifty 50 were down by nearly 1 percent around noon on March 19 amid selloff in the mid- and small-caps segments. Selling was seen across all sectors with Nifty IT le... |
13.03.2024 | Investing in green deposits: How are they different; what do they do | Banks and finance companies have a range of investment instruments that enable investors to allocate funds in schemes that support environmentally sustainable causes. Green fixed deposit is one such initiative, designed for environmentally-... |
13.03.2024 | Sensex sheds 906 pts, Nifty below 22K: Key factors behind today's crash | Stock market updates on March 13: Investors turned poorer by Rs 13.5 trillion on Wednesday as bears prowled on Dalal Street, hammering equities. The benchmark S&P BSE Sensex and Nifty50 index fell over 1 per cent today, and the broader ... |
11.03.2024 | IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable | IndusInd Bank has introduced 'Indus PayWear,' which, in collaboration with Mastercard, boasts to be the country's first all-in-one tokenisable wearables for both debit and credit cards. The company stated in a filing on the exchanges on Mon... |
11.03.2024 | Coromandel Int'l delivers 200 drones to women SHGs to modernise farming | Agri-solutions provider Coromandel International has announced the delivery of 200 drones to women from Self Help Groups (SHGs), aimed at modernising agricultural practices. The initiative is part of the Central Government’s mission to bols... |
11.03.2024 | IndusInd Bank launched all-in-one payment wearables | IndusInd Bank introduced ‘Indus PayWear,’ a new wearable payment solution, available on Mastercard. These wearables enable users to tokenise their IndusInd Bank cards for tap-and-pay transactions at contactless Point-of-Sale (PoS) terminals... |
05.03.2024 | Gupshup Launches Conversation Cloud To Enable AI-Backed B2C Communications | SUMMARY
Founded by Sheth in 2004, Gupshup is a conversational messaging platform that helps companies enhance customer experience through WhatsApp, RCS, Instagram, Voice, etc
The new suite of products is based on three modules- Converse, Ad... |
06.02.2023 | Hindujas to invest Rs 100 bn to raise stake in IndusInd Bank | ECONOMY & POLICY Hindujas to invest Rs 100 bn to raise stake in IndusInd Bank
06 Feb 2023 CW Team
The Hinduja group is planning to raise its stake in Indusind Bank from 15 per cent to 26 per cent with an investment of Rs 100 billion.
A ... |
02.02.2023 | Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank | The Hinduja group is planning to raise its stake in Indusind Bank from 15 per cent to 26 per cent with an investment of Rs 10,000 crore.
A banking source said the Hinduja’s Mauritius-based promoter entity had received the Reserve Bank of In... |
21.10.2022 | IndusInd Bank secures Rs 1,243 cr from DFC for giving micro loans to women | IndusInd Bank on Friday said it has secured a loan of over Rs 1,243 crore from the United States International Development Finance Corporation (DFC) for expanding the bank's microfinance lending to women in select states.
IndusInd Bank has ... |
29.11.2021 | Hindujas to raise stake in IndusInd Bank, raising $1.1 bn for funds: Report | The Hindujas are consdering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country’s private sector banks, the Economic Times reported Monday.
IndusInd International Holding Ltd, ... |
29.11.2021 | Hindujas to raise stake in IndusInd Bank, raising $1.1 bn for funds: Report
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29.10.2021 | IndusInd Bank raises Rs 2,800 crore debt capital through bonds | Private sector IndusInd Bank on Friday said it has raised Rs 2,800 crore by issuing bonds on private placement basis.
The Finance Committee of the board of the bank in its meeting approved allotment of 2,800 rated, listed, non-convertible, ... |
10.07.2021 | Tata Motors : partners with IndusInd Bank to provide exclusive offers on passenger vehicles to its customers | Tata Motors partners with IndusInd Bank to provide exclusive offers on passenger vehicles to its customers Press kit
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27.06.2021 | ExplainSpeaking: Alternatives to the RBI printing money for a fresh Covid relief package | Dear Readers,
Last week, T V Narendran, the CEO and Managing Director of Tata Steel Limited as well as the new president of the Confederation of Indian Industry (CII), urged the government to provide a fresh fiscal stimulus to boost demand ... |