Indian privately-owned lender Yes Bank has successfully raised $400m through a syndicated loan facility. The Yes Bank loan was raised to support the growing business …
India Post Payments Bank selects FSS for banking and payments services
India Post Payments Bank (IPPB) has partnered with Financial Software and Systems (FSS) to provide different banking services to the unbanked and underserved community. Under …
India’s central bank introduces new scheme to address banking complaints
Reserve Bank of India, the country’s central banking institution, has revised an earlier directive that requires all commercial banks to appoint an internal ombudsman (IO) …
India Post Payments Bank starts operations
India Post Payments Bank, a state-owned challenger bank under the Indian government’s Department of Posts, has launched operations. The bank, which launched by the Indian …
LIC set to buy 7% additional stake in IDBI Bank
Life Insurance Corporation of India (LIC), the state-owned insurance group, has decided to acquire around 7% additional stake in IDBI Bank through a preferential issue. …