Banking & Finance

Funding through non-interest bearing recapitalisation bonds The Government has infused Rs.11,500 crore into Indian Overseas Bank, Central Bank of India and UCO Bank which are under the Reserve Bank of India's "prompt corrective action framework to improve their financial health"....

Investors demonstrate confidence in Chennai CSA platform Chennai-headquartered Uniphore, an early leader in Conversational Service Automation (CSA), has raised US$140 million in Series D funding to extend its technology and market leadership in AI, Automation and Machine Learning across the...

Mehra works with Mastercard on expansion in the Southeast Asian markets Pine Labs, one of Asia’s leading merchant commerce platforms originating from Noida, has launched its Buy Now Pay Later (BNPL) offering in Malaysia, following on the success with offline...

Union budget had strong focus on digital transformation About 50% of the Indian respondents to an international survey on small to mid-sized businesses (SMBs) have sought the government support, with a majority receiving benefits, according to C2FO, the world’s largest...

WNS helps with automation in India operations Canada's McCain Foods Ltd has selected WNS (Holdings) Limited (NYSE: WNS) is to help transform and manage its Finance & Accounting (F&A) function, a strategic decision taken amidst the COVID-19 pandemic. “We chose...

Shah notes larger domestic institutional investor participation India's Real Estate Investment Trust (REIT) market will enter a period of prolonged growth, with more REITs forecast to be listed in 2021 and beyond. According to JLL, the number of buyers and...

PFS to fund Rs.85.84cr STPs Financing agreements for developing STPs and Sewerage network for Digha and Kankarbagh zones of Patna were signed between DK Sewage Project Pvt Ltd (DKSPPL), a subsidiary of Chennai-based VA Tech Wabag, and PTC India Financial...

Das assures RBI commitment to technology Ten small finance banks (SFBs) have been operationalised under the Reserve Bank of India's (RBI) licensing policies for universal banks and efforts to build a more competitive, efficient and heterogeneous banking structure in the...

Address consumer pain for ensuring entrepreneurial success Manoj Kohli, Country Head, SoftBank Group International, India, has applauded the online service and the branding strategies adopted by insurance aggregator Policybazaar at the sixth session of the Global Unicorn Interaction Series. Kohli,...

No big ticket M&A deals, says FICCI-EY report The Indian Media and Entertainment (M&E) sector is expected to reach Rs.2.23 trillion (US$30.6 billion) by 2023 at a CAGR of 17%, according to a FICCI-EY report 'Playing by new rules' launched...