SBI concludes landmark $1 billion Syndicated Social Loan
by Suman Gupta SBI concluded its largest inaugural Syndicated Social loan of $1 billion ($500 Mio + greenshoe of $500 Mio). The deal is the...
Category : BANKING/FINANCE
HDFC Bank, Lulu Exchange partner to boost cross-border payments between India and Middle East
by Suman Gupta MOU signed to enable remittances to India through HDFC’s online and mobile banking powered by LuLu Exchange The partnership will first launch...
Kotak Special Situations Fund invests Rs 1070 crore in Biocon
With the current investment in Biocon, the Kotak Special Situation Fund has deployed 100% of its corpus of USD 1 billion by Suman Gupta Mumbai, 22nd February 2023: Kotak Special Situations Fund (KSSF), managed by Kotak Investment Advisors Limited (KIAL), today announced an investment of Rs 1,070...
Kotak Mahindra Asset Management Company Limited launches Kotak Banking & Financial Services Fund
by Suman Gupta Mumbai, 6th February, 2023: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) today announced the launch of Kotak Banking & Financial...
Reliance Retail, Innoviti Technologies, ICICI Bank & Kotak Mahindra Bank partner to enable acceptance of ‘Digital Rupee – Retail’
by Suman Gupta India empowered to pay via e₹ at retail stores Digital Rupee [e₹], India’s Central Bank Digital Currency [CBDC] is issued by Reserve Bank of India as...
Bank of Baroda Q3FY23 net profit soars 75% at Rs 3,853 Cr and NII rises 26.5 % to Rs 10,818 crore
by Suman Gupta Key Highlights Bank of Baroda (BOB) achieved a total business of INR 20,73,385 crore as of 31st December 2022, registering a growth of...
ICICI Lombard MD and CEO (Mr. Bhargav Dasgupta) reaction quote on the Union Budget 2023
by Suman Gupta “The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth while maintaining...
Kotak Securities and Exclusive Securities announce their Strategic Tie-up
by Suman Gupta Indore, 23rd January, 2023: Kotak Securities Limited today announced its strategic tie-up with Indore based Exclusive Securities – a leading Madhya Pradesh based brokerage firm, with...
ESAF Bank bags Inclusive Finance India Award 2022
by Suman Gupta January 2023, Mumbai: ESAF Small Finance Bank has bagged the prestigious Inclusive Finance India Awards 2022 for its contributions in advancing the...
Punjab and Sind Bank records Net Profit of Rs.373 Cr against a Net Profit of Rs.278 Cr (Q-o-Q), posting growth of 34.17%.
by Suman Gupta Financial Results for the Quarter and Nine Months Ended 31st December 2022 Key Highlights (Q3 FY 2023) Net Profit stands at Rs.373...