The Indian cabinet has provided its in-principle nod for the strategic disinvestment and transfer of management control in IDBI Bank. LIC is the largest shareholder in the bank with a holding…
Indian private sector lender Axis Bank has diluted its holding in local peer Yes Bank…
Farmers & Merchants Bancorp has agreed to acquire Perpetual Federal Savings Bank (PFSB) in a stock and cash deal. Based…
Fincare Small Finance Bank in India has received $25m from India Business Excellence Fund – III managed by Motilal Oswal Private Equity (MOPE). With the investment, the Fund gets a…
I&M Holdings, a banking group in Kenya, has acquired 90% share in Orient Bank for an undisclosed amount. I&M purchased the bank from 8 miles and Morka Holdings. The acquisition…
Yes Bank reportedly has plans to buy the retail assets of Citi India, including credit cards and wealth management. This move comes as Citigroup is set to exit its consumer…
The Bank of Nova Scotia (Scotiabank) has agreed to acquire an additional 7% stake in its Chilean operations for approximately C$500m ($400m). The acquisition from the Said family will boost…
Russian internet company Yandex has signed an agreement to acquire 100% stake in Acropol Bank. As agreed, Yandex will pay around RUB1.1bn ($14.7m) as consideration. Acropol is a mid-sized bank.…
German fintech Vivid Money has secured €60m ($73m) in a Series B funding round to fuel its European expansion. The round was led by Greenoaks, while the company’s existing investor…
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