financial services

New Delhi, April 11 Digital investment platform 5paisa Capital has closed its ₹468.8 crore rights issue, which was oversubscribed by 1.24 times.The issue, which opened on March 27 and closed on Friday, received bids for approximately 1.93 crore shares against 1.56 crore shares offered...

Mumbai, April 10 The Reserve Bank of India (RBI) on Friday announced its plan to reduce the time taken for auctions, strengthen price transparency in the government securities market, and enhance retail participation under its 'Utkarsh 2029' strategy.The central bank said it aims to enhance...

Mumbai, April 9 Capri Global Capital is targeting around 30 per cent growth in its gold loan portfolio in FY27, amid persistent geopolitical tensions in the Middle East and the revised gold loan norms introduced by the Reserve Bank of India (RBI) from April 1, 2026, a top company official said...

New Delhi, April 9 – Anand Rathi Wealth announced on Thursday a 25 per cent increase in profit after tax (PAT) to Rs 92 crore for the quarter ended March 2026.The company had posted a PAT of Rs 73.6 crore in the same quarter of the previous fiscal, Anand Rathi Wealth, part of the Mumbai-based...

New Delhi, April 9 Veteran banker K V Kamath emphasized the need for reskilling and education reforms to harness the potential of artificial intelligence (AI), which will be the defining theme of the next decade.During a fireside chat with Sunil Kant Munjal, chairman of Hero Enterprises, at an...

Gandhinagar, April 8 – Capital commitments to funds operating from Gujarat International Finance Tec-City (GIFT City) have reached USD 32.13 billion as of December 2025, nearly 60 times more than the less than USD 0.5 billion in March 2020, indicating the rapid growth of India’s offshore...

Mumbai, April 8 The Reserve Bank proposed on Wednesday to remove the due diligence requirement for MSMEs to join TReDS platforms, in order to promote ease of doing business for micro, small, and medium enterprises.The Trade Receivables Discounting System (TReDS) refers to a system for...

New Delhi, April 8 PPFAS Asset Management announced on Wednesday that it has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a sponsor for a pension fund under the National Pension System (NPS).In a statement, the company said it will soon begin...

New Delhi, April 8 Japan's MUFG Bank acquired a 20 per cent stake in Shriram Finance Ltd (SFL) for ₹39,618 crore on Wednesday.This transaction represents the largest cross-border investment in India's financial services sector."This follows the approval by SFL's Board of Directors, at its...

New Delhi, April 8 – In a major crackdown on cyber fraud, the Delhi Police's Cyber Crime Unit and Anti-Narcotics Squad busted a fake call center operating in Pitampura on Wednesday.The accused are alleged to have cheated victims across the country by posing as representatives of Bajaj Finserv...

New Delhi, April 7 GLAAS, an embedded credit infrastructure platform for MSMEs, announced on Tuesday that Devesh Sachdev has joined the company as Co-founder and Managing Director.He has also invested $5 million in the company, GLAAS said in a statement.Sachdev had previously founded Fusion...

New Delhi, April 7 State-owned Bank of Baroda (BoB) has launched its bob SAMVAD, an AI-powered multilingual conversational platform aimed at transforming customer interactions at its branches.The platform was launched by M Nagaraju, Secretary, Department of Financial Services (DFS).The...

JAMMU, April 7, 2026: This marked a significant step in strengthening the banking infrastructure, with Lieutenant Governor Manoj Sinha inaugurating the new Regional Business Centre of Jammu and Kashmir Bank at the Rail Head Complex. This expansion enhances operational resilience, service...

Mumbai, April 6 The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their assignments and suggested uniformity in fixing their wages.In the draft norms on branch authorisation released on Monday, the central bank...

New Delhi, April 6 Bajaj Alternate Investment Management, a subsidiary of Bajaj Finserv, announced on Monday that it has received approval from the markets regulator, Sebi, to begin offering Portfolio Management Services (PMS).This move will help Bajaj Alts expand its presence in listed...

New Delhi, April 6 Private sector Yes Bank announced on Monday that Vinay Muralidhar Tonse has taken over as the MD and CEO of the bank for a period of three years.Tonse, a former MD of State Bank of India, replaced Prashant Kumar, who completed his extended term on April 5.Tonse has taken...

New Delhi, April 5 The Supreme Court has intervened in a case where a man's credit score remained "negative" for years, despite having no outstanding loans or payment defaults.A bench of Justices JB Pardiwala and KV Viswanathan heard a petition filed by Rajendra Singh Panwar, a resident of...

Mumbai, April 2 The TVS Venu Group announced on Thursday that it will acquire PGIM's India asset management business for an undisclosed amount.The Chennai-based conglomerate, which operates in the auto, financial services, and real estate sectors, has entered into definitive agreements to...

Mumbai, March 31 Private sector lender RBL Bank announced on Tuesday that it plans to open 200 branches in FY27 to expand its network to over 800 branches.The lender launched 23 new branches across various states on Tuesday, bringing its total branch size to over 603, according to a statement...

Mumbai, March 31 Piramal Finance's total assets under management have crossed Rs 1 lakh crore, and the non-bank lender is keen to acquire a microfinance institution to fuel the next stage of growth, a top official has said.The company is aiming to increase its AUM to Rs 1.5 lakh crore by the...