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Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition
The Committee of Creditors (CoC) of Reliance Capital has informed...
ING first globally important bank to meet climate watchdog
“As the first global systemically important bank with a validated...
SBI chief says loan demand is bouncing back
Dinesh Kumar Khara, chairman of State Bank of India Companies are steadily drawing down from a $71 billion loan pipeline, said Dinesh Kumar Khara, chairman of State Bank of India That broadly mirrors a trend where loan growth in India's Rs 120 trillion ($1.5 trillion)...
Govt likely to invite preliminary bids for IDBI Bank privatisation next month: Official
The official said while the quantum of stake dilution of both the government and LIC is yet to be decided, the management control in IDBI Bank will be transferred in the strategic sale New Delhi: The government is likely to invite preliminary bids for privatising IDBI...
Russia to use state guarantees to bypass EU ban on insuring maritime oil deliveries to 3rd countries: S&P
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...
Indian fintech market expected to reach USD 150 bn in valuation by 2025: MoS Finance
More than 50 lakh banking correspondents across the country are carrying out ''cash in cash out'' kind of transactions using the system, UIDAI CEO Saurabh Garg said ''There is a need for a proper cyber security system, real time disputes to be solved and emergency...
Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids
As firms market their environmental, social and governance-related (ESG) credentials in an attempt to tap the trillions of dollars looking to have climate- and socially friendly impact, regulators are beginning to dig deeper into their claims FRANKFURT: The chief...
Another rate hike on cards, say experts ahead of RBI’s MPC meeting
Recently in a TV interview, the governor said that the ''expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate''. Mumbai: With inflation...
Demand for ESG jobs in India grows 468 pc in last 3 years: Report
ESG roles are most in-demand in sectors like healthcare and pharmaceuticals, banking, financial services and insurance (BFSI) and consulting sectors The report further revealed that companies have now also started looking at specific qualifications in jobseekers for...
Govt firm on privatising 2 public sector banks: Report
According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation New Delhi: The government is on course with the privatisation of two public sector banks (PSBs) and will take appropriate steps in the coming months, sources...
Financial risks of climate change overplayed, senior HSBC banker says
Beau O’Sullivan, senior campaigner on the Bank on our Future campaign, called the comments “regressive and grossly flawed,” adding climate change posed a material risk to financial assets Central bank policymakers and other global authorities are exaggerating the...
IDBI Bank to exit insurance JV by selling entire stake to Ageas for Rs 580 rore
With the stake buyout from IDBI Bank, AFLI will become the first company in the life insurance sector where the foreign partner will raise its stake to the maximum permissible limit of 74 per cent Mumbai: IDBI Bank on Friday said it has entered into a pact with Ageas...