Nov 18, 2016 - Bankers begin to buckle under stress

Uday Kotak believes it is time for consolidation in NBFC space Kotak also said India needs a long-term solution to woes of public sector banks. Read More

Understanding IPOs: Process and benefits of listing a company Getting listed on a stock exchange not only brings a wider recognition to the company, it also gives the company an opportunity to raise funds from one of the most traditional investor class, the public. By listing, the risk of ownership is spread among a wider group of shareholders thereby allowing the original shareholders to make profits while retaining a stake in the company. Read More

Why do people hate finance? It's important for young finance professionals to understand the weaknesses of the Indian financial system, for them to take the industry forward Read More

HDFC Bank has no plans to cut down branch expansion: Aditya Puri India is the fastest growing major economy in the world and banking services are yet to reach all the people, Puri added. Read More

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments The state-owned lender would also expedite payment of insurance amount of Rs 30 lakh each to the families of CRPF personnel killed. Read More

Headroom to cut rates does not exist: SBI Chairman Kumar was responding to a query on why the bank had not cut the marginal cost of funds based lending rates. Read More

India needs fewer and mega banks: Arun Jaitley "With the experience in the past really has been of SBI merger, now it is second one which is taking place," Jaitley said. Read More

A year after India's biggest bank fraud, PNB on road for annual profit India Business News: State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended Dec. 31 as it completed setting aside funds to Read More

General Atlantic may sell Mu Sigma stake to Carlyle, KKR  General Atlantic has been looking to sell its stake in Mu Sigma for a while now, discussions have gained momentum in recent monthsGeneral Atlantic's stake is expected to be valued at at least $200 million, given Mu Sigma's unicorn status Read More

Varun Beverages a step closer to pan-India ownership of PepsiCo franchisee rights Varun Beverages Ltd said on Monday that its board has approved a plan to acquire beverage giant PepsiCo India’s franchisee Read More

Actis abandons plan to acquire Essel Infra's solar portfolio in India February 18 (Renewables Now) - Private equity firm Actis LLP has lost interest in buying the 685-MW Indian solar portfolio of Essel Infraprojects Ltd, but Read More

Piramal Realty puts off plans to float PE fund for commercial real estate It had planned to acquire brownfield and greenfield commercial properties and later sell them to other private equity funds Read More

Bain Capital, co-investor pull high returns on latest India-linked partial exit Private equity firm Bain Capital and its co-investor in an India-related transaction have pulled out another tranche of money Read More

EverSource eyes minority stake in CDC-backed Ayana EverSource plans to invest about $100 million in Ayana, backed by CDC Group Plc, the development finance institution owned by the UK govt, according to two people aware of the issue. Read More

Dailyhunt is closing $60 Mn round from Goldman Sachs VC arm Vernacular news aggregation platform Dailyhunt is about to close $60 million round from Goldman Sachs venture capital arm Goldman Sachs Investment Partners. Read More

Investment banking jobs return, salaries rise by 20% at B-schools in India Both IIMs and other management institutes witnessed a rise in the number of job offers and average compensation being offered to students. Read More

Investing in global companies can give you an edge: Saurabh Mukherjea American cos can tap into EMs' economic growth much better than their Indian counterparts. Read More

Gruh Finance to merge with Bandhan Bank Bandhan Bank announced the merger of low-cost housing finance company Gruh Finance into the Kolkata-based lender. The merger will help Bandhan Bank achieve product and geographic diversification while improving penetration in its core customer segment. Gruh will get access to a wider distribution network, a larger customer base and low-cost deposit base of Bandhan Bank. Read More

IFC plans debt investment of $75 million in Manappuram Finance IFC’s three-year loan will provide Manappuram Finance liquidity and support asset-liability managementManappuram Finance will be International Finance Corporation's (IFC's) first gold loan-focused investment Read More

Explainer: Six factors that influence interest rates in an economy Demand for and supply of money, government borrowing, inflation, Central Bank’s monetary policy objectives affect the interest rates. Read More

Apax, Baring PE India-backed Manappuram to get debt funding from IFC International Finance Corporation plans to make a debt investment of up to Rs 540 crore ($75 million) in Manappuram Finance Ltd, Read More

No new tax in Punjab budget, focus on agriculture, health, education India Business News: Punjab Finance Minister Manpreet Singh Badal Monday presented the state budget for 2019-20 with a total outlay of Rs 1,58,493 crore with no new taxes. Read More