Banking & Finance

India and Iran are set to expand their economic relations at a fast pace with a proposal to set up a joint chamber of commerce between the two countries following on to the investment in Chabahar port and approval for...

India and Japan have agreed on a US$75 billion mutual economic cooperation and special strategic and global partnership which would also open foreign capital access to Indian companies.

Larsen & Toubro Infotech and ACORD have expanded their long-standing alliance to develop a comprehensive set of digital standards & solutions for the Insurance industry.

Commerce and Industry Minister Suresh Prabhu wants banks to encourage credit flow to export sector, especially micro, small and medium enterprises (MSMEs).

Makati City-headquartered EZAdvance Consumer Lending has acquired the tech assets of New Delhi's Alconomy Technologies to expand into digital banking.

Bank Pasargad of Iran (BPI) will open its branch in Mumbai within the next three months as India and Iran build on its trade, including crude oil imports, and dealing through the Chabahar Port.

The Government is planning to set up a Credit Guarantee Fund (CGF) for encouraging start-up companies and funding facilities in the country, parliament was told on 7 Jan 2019.

IDBI Bank is expected to meet the regulatory capital requirement following a capital infusion by Life Insurance Corp of India (LIC), said S&P Global Ratings.

Will Reserve Bank of India’s (RBI) credit restructuring scheme for Micro, Small and Medium Enterprises (MSMEs) work well for the banks and non- banking financial companies as the country seeks solutions to financial woes of businesses.

A special purpose vehicle (SPV) of the Indian Ports Global Ltd has taken over interim operation of the Chabahar Port in Iran since 24 Dec 2018, Minister of State in the Ministry of Shipping. Pon Radhakrishnan, said in an update...