Banks (Finance)
The global investor Blackstone is set to acquire a nearly 10% stake in Kerala-based Federal Bank, in a deal worth ₹6,200 crore. This move marks Blackstone's latest bet on India's financial sector, where it has made multiple investments over the years. The acquisition will see
Banks (Finance)
Federal Bank's board has approved a proposal to raise Rs 6,196 crore through the issuance of preferential warrants to Asia II Topco XIII Pte Ltd, a Blackstone group entity. The warrant issue will be at a price of Rs 227 per warrant, with a total of 27.
Banks (Finance)
The Reserve Bank of India (RBI) has released draft guidelines on capital market exposure by banks, paving the way for Indian banks to finance acquisitions by Indian corporates. According to the guidelines, acquisition finance shall be fully secured by shares of the target company as primary security, and banks must
Banks (Finance)
The Federal Reserve Board will begin publishing in advance the models it uses to test the largest banks' readiness to withstand economic shocks, a move designed to address long-standing complaints from the banking industry that the stress tests have been overly onerous and opaque. The decision follows a lawsuit
Banks (Finance)
The Bangladesh banking sector faces significant threats from cyber attacks, with 89% of banks struggling to keep pace with AI-powered cybersecurity solutions. Despite efforts to modernize, many mid-level and financially stressed banks prioritize defaulted loan recovery over technology upgrades, hindering their ability to deploy AI-driven cybersecurity tools. The lack of
Antioxidants (Nutrients)
Samsung's Antioxidant Index, a new feature on the Galaxy Watch8, has transformed the concept of nutrition tracking by enabling users to measure their carotenoid levels in real-time, right from their wrist. This milestone achievement is the result of seven years of intensive research and development, driven by the
Banks (Finance)
Federal Bank has cleared a proposal to raise up to Rs 6,196 crore through a preferential issue of warrants to Asia II Topco XIII Pte. Ltd. under which the investor will pay 25% of the issue price at the time of subscription and the remaining 75% at the time
Banks (Finance)
Afua Kyei, the 43-year-old finance chief of the Bank of England, has been named the UK's most influential black person, replacing the CEO of Forterro, Dean Forbes, in the top spot of the Powerlist 2026. Kyei, who was appointed by Mark Carney, the bank's former governor
Banks (Finance)
The International Chamber of Commerce (ICC) Banking Commission, Paris, has proposed hosting the ICC Global Banking Commission Meeting jointly with ICC Bangladesh in Dhaka during October-November 2027. This decision was made at the ICC Bangladesh Banking Commission Meeting, which took place recently. The ICC Global Banking Commission Meeting is a
Banks (Finance)
A generous donation from Bed Kingdom will support local children and families in need, providing them with safe and comfortable sleeping arrangements during difficult times. The organization, Rainbow Baby Bank, has been struggling to meet the growing demand for essential baby and children's items due to the recent
Banks (Finance)
The Indian market opened on a confident note and continued to strengthen as the session progressed, with the Sensex gaining 450 points to reach 84,400, its strongest level in four months. The Bank Nifty is setting new records, driven by solid results from heavyweights such as HDFC Bank, ICICI
Banks (Finance)
EDAP TMS SA, a global leader in robotic, energy-based therapeutic technologies, has entered into a EUR36 million multi-tranche credit facility with the European Investment Bank (EIB) to support the continued global expansion of its Focal One Robotic High-Intensity Focused Ultrasound (HIFU) platform. The funds will accelerate the development of new
