IDBI Bank may be merged with private lender following stake sale
The Indian authorities could allow IDBI Bank to merge with private banks as they seek to privatise the lender. The…
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India’s FlexiLoans secures $90m funding
Indian digital lending platform for small and medium-sized businesses (SMEs) FlexiLoans has raised $90m in a mix of debt and equity funding. …
Indian central bank sets new provisioning norms for top layer NBFCs
The Reserve Bank of India (RBI) has announced new norms for non-banking financial companies (NBFCs) in the upper regulatory layer.…
HDFC chooses Accenture to digitise lending operations
Indian retail housing finance major HDFC has selected IT major Accenture to digitally transform its lending operations from beginning to end. Through…
Kiya.ai launches banking metaverse in India Kiyaverse
Kiya.ai, a digital solutions provider for the banking and financial sector, has announced the launch of a banking metaverse, dubbed…
Indian fintech StrideOne secures $32m funding
Indian financial services platform StrideOne has raised INR2.5bn ($32.2m) in a mix of equity led by Elevar Equity and debt from banks. …
NatWest looking to increase headcount by 15% in India
British banking group NatWest is looking to expand its current headcount in India by 15% this year, business newspaper BusinessLine…
Tata Group may abort plans to enter Indian banking space
Tata Group is weighing its options to abandon its plans to enter the banking business, the Economic Times has reported citing undisclosed…