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Bank of Maharashtra has secured RBI approval to open its first international branch at GIFT City, marking a significant step in its global expansion. The new IFSC Banking Unit will provide specialized financial services, boosting the bank’s ability to serve both domestic and international clients with offshore banking solutions.
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.
Mahindra & Mahindra Financial Services has approved a Rs 3,000 crore rights issue to strengthen its capital base and support its growth ambitions. This strategic move will enhance the company’s Tier 1 capital ratio, enabling it to expand its lending capacity and pursue new market opportunities in the coming years.
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.
Zaggle Prepaid has entered into a two-year service agreement with HT Media to provide its Zaggle Save solution for employee expense management. This strategic partnership enhances operational efficiency for HT Media and highlights Zaggle's strong growth in the fintech sector.
Paytm's share price jumped 8% after Emkay upgraded the stock to 'Buy' and raised its target price to Rs 1,050. The upgrade highlights strong growth prospects driven by improved financials, merchant expansion, and upcoming regulatory approvals. With a solid outlook for the coming years, Paytm presents an attractive investment opportunity.
SBI Cards & Payment Services Ltd has seen a 1.37% rise today, marking its fifth consecutive gain. Despite a 3.54% dip over the last year, the stock is gaining momentum with a 2.9% increase in the past month. This blog delves into the company’s performance, market trends, and investment outlook.
Mahindra Finance delivered impressive results in Q3 FY25, reporting Rs 16,450 crore in disbursements, a 7% YoY growth. With strong asset growth, stable collection efficiency, and robust liquidity, the company continues to strengthen its position in the financial services sector, especially in rural and semi-urban markets.
The RBI has approved HDFC Bank’s acquisition of a 9.50% stake in AU Small Finance Bank, paving the way for a strategic partnership. This move promises growth opportunities, operational synergies, and a stronger market presence for both banks in India’s evolving financial landscape.
Newgen Software Technologies has announced a Rs 24 crore deal with Aye Finance to implement its Loan Origination Solution. This six-year contract highlights Newgen's growing presence in the fintech sector, enhancing loan processing efficiency and supporting digital transformation for financial institutions.