This comes days after Oyo shareholders approved plans to raise up to Rs 6,650 crore through a fresh issue of equity shares.
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This comes days after Oyo shareholders approved plans to raise up to Rs 6,650 crore through a fresh issue of equity shares.
Sunil Mehta, who has previously chaired boards at Punjab National Bank and the reconstructed Yes Bank, had continued to run affairs at IndusInd Bank between April and August 2025 during a transition.
Balasubramanian attributes the recent FII outflow to a mix of cyclical factors, including the election year, erratic rainfall and a temporary dip in government capital expenditure plans.
In a landmark achievement for Fino Payments Bank, the lender has received 'in-principle' approval from the Reserve Bank of India to transition into a small finance bank, essentially becoming the first payments bank to do so. Fino Payments Bank had applied for a small finance bank license back in October 2023 and the RBI approval could go a long way in boosting the le...
Dream11 will exit online gaming segment completely and pivot to the booming live sports business, co-founder Harsh Jain said on Friday.
The monetary policy committee is set to start its three day meeting on Wednesday, with a crucial decision on the cards.
For most Indians the allure of Dharmendra has more to do with the simplicity of his times, than anything specific to his career.
Sammaan Capital is confident that any ongoing or future investigation will not uncover anything adverse.
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Lenders are preparing to issue a formal letter of intent to the Adani Group in the coming days.
For all the talk of India's massive credit market potential, the one fact that banks have realised is that the addressable market might be much smaller.
Pine Labs IPO: CEO Amrish Rau said the valuation cut is because the company believes in 'taking the community along' and pricing the IPO in a way that it makes it easier for investors to participate.
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Emirates NBD has made the open offer with a price of Rs 280 per share, which allows it to acquire the stake for Rs 11,636 crore.
The arrangement was expected to help ESAF Financial Holdings meet the Reserve Bank’s ownership dilution requirements without changing the overall effective control structure.
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Sources say that the proposals discuss a 49% foreign direct investment limit in public sector banks, compared with the current 20%.
The RBI, in its draft guidelines, said a bank's exposure towards acquisition finance should not exceed 10% of its Tier-1 equity.
Volatile gold prices are challenging banks’ confidence in what was once a stable, collateral-backed lending segment.
Subramaniakumar said the deal reflects confidence not just in the growth story of RBL Bank, but also of India and its booming financial sector.
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Depending on shareholder interest in the open offer, RBL Bank will adjust the preferential allotment in a way that the eventual shareholding of Emirates NBD will be 60%.
The transaction involves a $3 billion investment into RBL Bank, where Dubai’s second largest lender will own 60% stake.
A day before the results, the Nifty Bank index has hit an all-time high, driven by the expectations from the large bank counters.