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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.
TVS Holdings has received approval from the RBI for its acquisition of Home Credit India Finance, marking a major shift in control and governance. The deal involves changes in ownership and the appointment of new directors, signaling a strategic transformation aimed at driving growth and innovation in India’s consumer finance sector.
IIFCL is in discussions with the Asian Development Bank and Korean Exim Bank to raise USD 600 million in blended finance. This strategic move aims to lower borrowing costs, diversify its investor base, and provide crucial funding for infrastructure projects across India.
In Q2 FY25, Paytm achieved a net profit of Rs 928.3 crore, a significant turnaround from last year’s loss of Rs 290.5 crore. This remarkable result was primarily driven by a one-time gain from the sale of its entertainment ticketing business to Zomato. However, the company faced a 34.1% decline in operational revenue, raising questions about its long-term growth strategy. Dive into the details of this pivotal quarter and what it means for Paytm’s future.
LIC Housing Finance has successfully accepted bids worth ₹17.30 billion for the reissue of its 7.61% bonds maturing in 2034. This strategic move not only strengthens the company’s financial position but also signals confidence in the Indian housing market. In this blog, we delve into the details of the bond issuance, its implications for investors, and the broader trends in the housing finance sector.
The Competition Commission of India has greenlit TVS Holdings' acquisition of Home Credit India Finance, marking a significant move in the financial services sector. This deal, which includes substantial stakes from STPL Trading and Premji Invest Group, positions TVS Holdings to diversify its portfolio and enhance its market presence. In this blog, we delve into the details of the acquisition, its strategic importance, and the potential impact on consumer finance in India.
Understanding how the heads of India's financial regulators—Sebi, RBI, and Irdai—are appointed and removed is crucial for grasping their role in market stability. This blog delves into the appointment processes, qualifications required, removal conditions, and the recent controversies surrounding these positions, shedding light on their impact on financial governance and market confidence.
Mahindra & Mahindra Financial Services is expanding into the mortgage sector, offering a range of new products including housing finance and home improvement loans. This strategic move involves an investment of up to 300 million rupees to boost IT capabilities and participate in government affordable housing schemes, aiming to enhance their market presence and support national housing goals.
Amidst a transformative era in finance, Indiabulls Housing Finance unveils its new identity: Sammaan Capital. This strategic rebrand marks a pivotal moment in the company's history, promising enhanced services and a renewed commitment to excellence in financial solutions. Explore how Sammaan Capital aims to redefine the landscape of financial services with its fresh vision and steadfast values.
India Shelter Finance Corporation Ltd. celebrates a significant milestone with its upgraded CARE AA-/Stable rating from CARE Ratings Limited. This accolade underscores ISFCL's steadfast commitment to financial stability and growth in the affordable housing sector. Explore how this achievement enhances ISFCL's credibility and supports its mission to provide accessible housing finance solutions across India.