Banking & Finance

Singapore, the Asian economic hub ranked top with 2018 foreign direct investment flow into India, is seen as leading investor in India’s US$250 billion worth of stressed assets in the financial sector.

As widely anticipated, the Reserve Bank of India (RBI) has once again reduced its key lending rate by 25 basis point. The lending rate now stands at 5.75, and this is the third consecutive rate cut since February 2019.

The Indian Government has issued instruction that all accounts exceeding Rs.50 crore, if classified as Non-Performing Assets (NPAs), be examined by banks from the angle of possible fraud.

The World Bank has signed a US$287 million loan agreement for the Tamil Nadu Health System Reform Programme which aims to improve the quality of health care, reduce the burden of non-communicable diseases (NCDs), and fill equity gaps in reproductive...

Luxury housing in South-Central Mumbai is rarely out of the news. Mumbai's legendary playing ground of Bollywood celebrities and high-flying business tycoons has been a constant magnet for HNIs and UHNIs from both within the city and beyond, and everyone...

ACI Worldwide is making a strategic investment in Mumbai-based Mindgate Solutions, India’s leading digital payments company as well as the country’s market leader in processing UPI (Unified Payments Interface) transactions.

Bank of Baroda plans to raise Rs.11,900 crore through share sale during the current fiscal year to fund business expansion, reported Press Trust of India on 2 June 2019.

While the final report on cryptocurrency would soon be submitted to the Union Finance Minister, there is no report yet from expert committee on economic capital framework (ECF), finance secretary Subhash Chandra Garg said at an ASSOCHAM event.

Use of financial technology (Fintech) revolution for achieving greater financial and insurance inclusion, besides lifting people above the poverty line would be amongst the biggest agenda of the Narendra Modi 2.0 government, said NITI Aayog CEO Amitabh Kant.

Mumbai’s Eight Capital and Emso Asset Management, a London and New York based emerging markets fixed income asset manager, have acquired Ambit Capital's stake in Ambit Flowers Asset Reconstruction Company.