IDBI Bank becomes fifth most valuable private bank, shares surge by 100%
Private sector lender IDBI Bank Ltd has now become fifth most valued private lender replacing Bandhan Bank, Yes Bank and…
09 JUN 2020
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Elets BFSI NextGen Virtual Summit to delve into future of BFSI sector post Covid
The outbreak of Covid-19 pandemic has significantly transformed the way businesses are run around the world. Every sector is bringing…
08 JUN 2020
Canara Bank reduces MCLR on loans/advances
Public Sector Lender Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances…
08 JUN 2020
FIDC requests Finance Minister for one-time restructuring of NBFC loans
Finance Industry Development Council, on May 29, had requested the Finance Minister for allowing one-time restructuring of loan repayment terms…
08 JUN 2020
Two private equity funds likely to invest in Cafe Coffee Day
Two private equity funds are planning to make an investment in the cafe chain Coffee Day group after the troubled…
08 JUN 2020
Bank of Maharashtra slashes RLLR by 40 bps; MCLR by 20 bps
Public Sector Lender Bank of Maharashtra (BoM) has decreased its Repo Linked Lending Rate (RLLR) by 40 bps to 7.05…
06 JUN 2020
SBI reports highest ever profit, hits Rs 14,488 crore in FY20
State Bank of India (SBI) has declared a profit of Rs 14,488 crore in FY20. This is so far the…
06 JUN 2020
Over 70% of the MSMEs in India likely to layoff: Survey
More than 70 percent of micro, small and medium enterprises (MSMEs) and 40 percent corporate are planning to sack their…
06 JUN 2020
PhonePe planning to increase workforce by 20 to 30% this year
Flipkart-owned digital payments firm PhonePe is restructuring the company in a bid to make it a flatter organization. The company…
06 JUN 2020
Northern Arc raises US$50mn from US International Development Finance Corporation
Northern Arc has raised US$50million of debt financing from US International Development Finance Corporation (DFC). This is one amongst the…
05 JUN 2020
