India
Mannapuram Finance gets growth boost from Bain Capital’s stake acquisition
Mannapuram Finance gets growth boost from Bain Capital’s stake acquisition
It will enable the Indian gold lender to invest in new age tech like AI, for example.
India and Nepal orgs ink MOU to develop investment banking sector
The MoU will be in effect for a period of 3 years.
Bain Capital buying 18% stake in Manappuram Finance for $508m
The deal may close in Q2 or Q3 of the 2026 financial year.
HDFC Bank now accepting deposits under India’s savings scheme for seniors
HDFC will act as an agency bank and help source scheme deposits.
RBI Governor tells urban cooperative banks not to break depositors’ trust
Malhotra stressed the importance of maintaining high standards for customer service.
India’s central bank names new executive director
Shri Indranil Bhattacharya will look after the Dep’t of Economic and Policy Research.
India and Mauritius ink MOU for local currency use in cross-border transactions
It covers all current account transactions.
Indian commercial banks’ lending up 11.8% in Q3 FY2025 on MSME demand
Credit offtake of public banks outpaced private banks.
India’s restored risk weights offer modest impact to banks
The move will enhance flow of credit from banks to better-rated NBFCs.
Kotak Mahindra Bank set for growth as RBI lifts restrictions
The Indian bank is allowed to onboard new customers and issue new credit cards.
RBI proposes extra authentication for first-time online card use
Card issuers are mandated to validate the additional factor authentication.
India’s postponed LCR rules a win for banks’ margins, loan growth
The rules require banks to shore up more liquidity on retail deposits.
Overall loan demand in India to “moderate” in Jan-Mar 2025: survey
Terms and conditions for the mining sector are expected to become stricter.
India’s scheduled commercial banks’ profits up 12.5% in Q3 FY2025
Operating expenses, treasury gains, and fee income all rose.
ICICI Bank’s net profit up by 14.8% YoY to $1.4b in Q3
Its domestic loan portfolio also grew by 15.1%.
India Post Payments Bank, PNB MetLife India Insurance ink bancassurance deal
The collaboration will leverage IPPB’s network of 650 banking outlets.
HDFC Bank’s profit after tax up 12.3% for 9M FY2024/25
For the quarter ended Dec 2024, consolidated PAT was 13.6% higher.
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