LIC gets RBI nod to increase stake in Kotak Mahindra Bank
Reserve Bank of India, the central bank of the country, has granted approval to Life Insurance Corporation of India (LIC)…
Month: November 2021
CuneXus unveils new tool to offer credit health and monitoring service
CuneXus, a digital storefront for financial institutions’ account holders, has launched a new real-time credit monitoring tool. The new solution…
Australian regulator sues Westpac for charging dead customers
The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings against Westpac alleging widespread compliance letdowns across lender’s multiple…
Thought Machine rakes in $200m at $1bn valuation
Cloud banking technology provider Thought Machine has raised $200m in a Series C round of funding, which gave the firm…
Spain’s Sareb sues banks demanding negative interest payments on debt portfolio
Spanish bad bank Sareb has sued the country’s lenders such as Sabadell and Caixabank in a Madrid court over interest…
BNPL fintechs slice up India credit market: Slice becomes unicorn
Fintech startup Slice has become a unicorn after a $220m Series B funding round, demonstrating the growing power of buy-now-pay-later…
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Westpac launches app for Android users to bolster digital presence
Australian Banking giant Westpac has announced the launch of its new mobile app for Android users as digital banking gains…
RBI amends rules on promoter shareholding in Indian private banks
India’s central banking authority has made changes to the rules on the ownership and corporate structure of private sector banks.…