Indian digital finance company Capital Float is reportedly in advanced discussions to raise up to $150m from Dutch fintech firm PayU. Capital Float, which is …
PNB to sell 22% stake in housing finance arm for $495.5m
Indian state-owned lender Punjab National Bank (PNB) has reportedly decided to sell a 22% stake in its housing finance arm to General Atlantic Partners (GA) …
Indian central bank fines two banks for breaching norms
Reserve Bank of India (RBI), the central banking authority of the country, has fined state-owned lenders Corporation Bank and Allahabad Bank for breaching norms. Corporation …
Yet another mega-merger of Indian public sector banks on the anvil
The Government of India is reportedly planning another three-way bank merger as a part of its plan to consolidate the capabilities of state-owned lenders in …
India’s central bank penalises three banks for compliance failures
Reserve Bank of India (RBI) has penalised UCO Bank, Axis Bank and Syndicate Bank for deficiencies in regulatory compliance. The central bank of India imposed …