Deutsche Bank has partnered with Indian firm HCL Technologies in a bid to transform its global cheque processing operations. Under the partnership, HCL will develop …
State Bank of India and Hitachi form digital payments JV
State Bank of India (SBI) has entered into a definitive agreement with Hitachi Payment Services India to establish a joint venture (JV) focussed on developing …
Indiabulls Housing Finance plans to divest stake in OakNorth
Indiabulls Housing Finance is reportedly planning to divest entire or part of its 18.7% stake in UK-based mortgage lender OakNorth to an anonymous private equity …
Indian government to invest $557m in Dena Bank prior to merger
The Government of India is set to recapitalise the public sector lender Dena Bank with INR41bn ($556.83m) capital infusion prior to the proposed merger with …
Indian government injects $243.7m in Allahabad Bank
Allahabad Bank, a public sector lender, has raised approximately INR17.9bn ($243.74m) from the Government of India (GoI) to beef up its capital base. In lieu …