India’s state-owned lender Bank of Baroda is reportedly planning to raise INR119bn ($1.72bn) during the current fiscal year. According to a report by news agency …
Manappuram Finance secures $35m investment from World Bank arm
Manappuram Finance, an Indian firm that provides loans against gold assets, has raised $35m from World Bank member IFC, reported Press Trust of India (PTI). …
HDFC sells 6.1% stake in Gruh Finance to comply with RBI directives
Indian private sector lender HDFC has divested a 6.1% stake in its home loan subsidiary Gruh Finance through a share sale. The bank sold shares …
Infosys acquires 75% stake in ABN AMRO’s subsidiary Stater
Infosys has completed its previously announced acquisition of a 75% stake in ABN AMRO Bank subsidiary Stater. Stater provides end-to-end mortgage administration services across the …
Punjab National Bank may absorb two to three state-run lenders
Indian state-owned lender Punjab National Bank (PNB) may take over two to three smaller PSU lenders as the country gears up for the next round …