Pvt banks back to drawing board, expand branch network to boost efficiency

Mumbai: Private banks in India added a significant number of new branches in FY19 to help in customer acquisition and loan origination.

Edelweiss launches third credit fund, plans to raise US$1 billion

Mumbai: Edelweiss has launched its third credit fund named Edelweiss Special Opportunities Fund III (ESOF III), to raise up to Rs 7,000 crore (US$ 1 billion), according to Mr Heman...

Markets factoring in earnings growth of 15%, GDP can hit 9% by 2023: UBS

New Delhi: India's GDP growth rate can reach 9 per cent by 2023, if the medium term earnings growth of 15 per cent currently factored in by the Indian equity markets prove to b...

Health-tech AI startup mfine raises US$ 17.2 mn from SBI Investment, others

Bengaluru: Indian health-tech artificial intelligence (AI) start-up mfine has raised US$ 17.2 million from SBI Investment and others to expand its business across the country.

Deposits in Jan Dhan accounts fast inching towards Rs 1 lac cr mark

New Delhi: Total deposits under the Pradhan Mantri Jan Dhan Yojana (PMJDY) are steadily rising and will soon surpass Rs 1 trillion (US$ 14.41 billion).

Small private banks in spotlight after Lakshmi Vilas Bank-Indiabulls merger

Mumbai: The merger of Indiabulls Housing Finance and Lakshmi Vilas Bank, if approved by the Reserve Bank of India (RBI), is expected to shift more focus on other small private lend...

KKR back to promoter financing, working with banks for term loans

Mumbai: Private equity (PE) major KKR is planning to re-enter into the promoter financing business and is in talks with banks for structuring term loans.

Eight Roads arm invests US$ 4.5 million in wealth management startup Kuvera

Mumbai: Eight Roads, the proprietary investment arm of Fidelity International, has invested US$ 4.5 million in tech-based wealth management startup Kuvera.