LTI Mindtree has partnered with Eurobank S.A. to revolutionize banking operations and enhance customer experience through innovative technology solutions. This collaboration, which includes the creation of a Global Delivery Center in India, aims to modernize Eurobank’s infrastructure and set new industry benchmarks for digital transformation.
HDFC Life Insurance has announced the approval of a non-convertible debenture (NCD) issuance of up to Rs 1,000 crore. The company plans to raise funds by issuing 90,000 NCDs, each valued at Rs 1,00,000, with a green shoe option to retain additional subscriptions. The move is aimed at strengthening its capital base and supporting future growth, offering an attractive investment opportunity for institutional investors.
Yes Bank’s net profit soared nearly threefold to Rs 612 crore for Q3 FY2024-25, driven by reduced provisions for bad loans and strong income growth. With total income rising by 14.2%, the bank shows promising signs of improved financial health and a positive outlook for the future.
IDBI Bank reported a 31% year-on-year increase in its Q3 FY25 net profit, reaching Rs 1,908 crore. This strong performance was driven by lower provisioning and higher interest income, reflecting the bank’s improved financial health and operational efficiency.
Bajaj Finance and Bharti Airtel have teamed up to launch a cutting-edge digital fintech platform, combining Airtel's vast customer base and distribution network with Bajaj Finance's diverse range of financial products. This partnership aims to enhance financial inclusion, offering seamless access to loans and other services via the Airtel Thanks App and retail stores.