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IndusInd said to be in advanced talks to acquire Bharat Financial Mumbai: IndusInd Bank Ltd. Plans to acquire Bharat Financial Inclusion Ltd, a micro-finance company, in a share swap deal, which will help IndusInd to target banking clients in rural areas with micro-finance loans....

IBEF March 10, 2017

Canadian pension funds buy 1.5% stake in Kotak Mahindra Bank Mumbai: The Canada Pension Plan Investment Board (CPPIB) and the Caisse de Depot Quebec (CDPQ) have acquired a 1.5 per cent stake in Kotak Mahindra Bank from Mr Uday Kotak, Executive vice-chairman and Managing director, Kotak Mahindra Bank, for a tot...

Livemint March 09, 2017

TransUnion Cibil launches credit ranking for MSMEs Mumbai: TransUnion Cibil has launched credit ranking for micro, small and medium enterprises (MSMEs), which will give credit ranking to MSMEs on a scale of 1 to 10 on the basis of credit history of past 24 months, and predict the probability of MSME ...

Livemint March 01, 2017

RBI proposes lower MDR from April 1 to keep digi-pay momentum Mumbai: The Reserve Bank of India (RBI) has proposed to keep merchant discount rate (MDR) for debit-card transactions on the basis of merchant turnover instead of the present transaction value-based slab rate, with the purpose to encourage greater us...

Business Standard February 17, 2017

NPCI expects all public sector banks to join BHIM by February-end New Delhi: The National Payments Corporation of India (NPCI) plans to integrate all public sector banks (PSBs) to the usage of Bharat Interface for Money (BHIM) app by end of February 2017, with 37 banks already integrated so far, and remaining 7 ban...

Livemint February 08, 2017
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