LiveRBI to Set Up Portal to Search Unclaimed Deposits in Multiple Banks
On Thursday, the Reserve Bank of India (RBI) announced a centralised portal for accessing details of depositors’ or their beneficiaries’ unclaimed deposits across banks. As...
Category : BUSINESS
Curefoods Raises Rs 300 Crores in a Round Led by Flipkart Founder
House of Brands and a cloud kitchen operator, Curefoods successfully raised Rs 300 crore last week in a funding round led by Flipkart founder Binny...
RBI Allows UPI to be Linked to Credit Line Pre-Sanctioned by Banks
On Thursday, the Reserve Bank of India (RBI) proposed expanding the scope of the Unified Payments Interface (UPI) digital payment system to allow transfers in/out...
RBI Policy – Repo Rate Kept Unchanged at 6.5%
On April 6, the Monetary Policy Committee (MPC) chose to retain the repo rate, considering the chaos caused by the global banking crisis with contagion...
Citi Opens Branch at GIFT IFSC to Offer Financing Solutions
On Wednesday, Citi opened a branch in Gujarat International Fintech City – International Financial Services Centre (GIFT-IFSC). The branch will provide long-term and short-term financing...
GQG Expects More Than 100% Return on Adani’s $2 Billion Bet
Rajiv Jain, one of the biggest names in emerging market investing, bought nearly $2 billion worth of Adani Group shares last month. Now the chief...
IKF Finance Raises Rs 250 Crore from Accion’s Digital Transformation Fund
South India-based NBFC IKF Finance has raised Rs 250 crore in a funding round led by Accion’s Digital Transformation Fund. Founded in the early 1990s...
Adani Touts Stable Ties with Global Banks to Ease Investor Concerns
According to a company filing, India’s Adani Group told investors that several top Japanese and European banks had reaffirmed their confidence in the struggling group...
Bajaj Finance’s New Loan Bookings Soar 20%, Core AUM Rises 29%
On April 4, Bajaj Finance said new loan bookings for the quarter ended March 31 rose 20% to 7.6 million, besides 6.3 million in the...
Iron Pillar Raises $129 Million to Invest in Global Cloud Company from India
Venture growth investor Iron Pillar has successfully closed a $129 million round for its first-ever B- and C-stage fund focused on investing in global cloud...