Banking & Finance

Amalgamation in line with the Government's commitment to a clean banking system The Union Cabinet approved the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL), an Indian subsidiary of Singapore’s DBS Group. With...

India should expedite trade talks with large markets, says PHDCCI A Free Trade Agreement (FTA) with the United States will boost bilateral trade to US$300 billion by 2025-26, given that India has enjoyed a 7% year-on-year growth in trade with...

Agri-telecom expert joins export focus agency N. Ramesh, with experience of having worked in Agriculture and telecommunications fields, took charge as Deputy Managing Director of the Export-Import Bank of India (India Exim Bank) from 23 Nov 2020, An officer of...

RBI’s WG recommendation would limit shadow banking S&P Global Ratings is skeptical over India's weak corporate governance amid large corporate defaults over the past few years would be helpful in improving financial stability under RBI’s recommendation to license non-bank financial...

Loan will cover high-speed train-related facilities New Development Bank (NDB) is lending US$500 million for the ‘Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project’ for rolling stock for modern design, energy-efficient operations and interoperability across corridors. “NDB fund will also be...

Existing staff and writers will stay onboard Padre Media from San Juan, Puerto Rico, is acquiring guidingtech.com - leading technology and how-to site for ‘all things tech’ out of Ghaziabad. The investment will be increased in the existing library, said...

DBIL-LVB merger positive for India, says S&P The Indian government is highly supportive of the banking sector and has consistently supported weak commercial banks by promoting the merger of distressed institutions with stronger lenders, says S&P Global Ratings of the...

Indian Navy plans to lease certain assets Introduction of leasing model in the Defence Acquisition Procedure (DAP 2020) is a path breaking procedural change and provides the option to reduce short-term capability gaps considering the long gestation period of shipbuilding...

DBS to inject $336m in LVB Singapore’s investment-driven DBS Group is set to be the first foreign investor to acquire a bank in India, 26 years after its first foray into the challenging but Asia’s largest consumer-driven market. The acquisition,...

Approved: Haryana Orbital Rail Corridor Haryana has invited the industries and Start-Up companies to join several large foreign investors to invest in the state, which is offering seed funding along with industrial supporting facilities. "We offer seed funds to new...