Foreign banks
RBL Bank Limited, a leading private bank in India, is poised to undergo a significant transformation with a $3 billion investment from Emirates NBD, a Dubai-based lender. The deal, anticipated to be finalized within the next five to six months, will see RBL Bank transition into a listed subsidiary of
Foreign banks
RBL Bank Limited, a leading private bank in India, is poised to undergo a significant transformation with a $3 billion investment from Emirates NBD, a Dubai-based lender. The deal, anticipated to be finalized within the next five to six months, will see RBL Bank transition into a listed subsidiary of
Private banking
RBL Bank Limited, a leading private bank in India, is poised to undergo a significant transformation with a $3 billion investment from Emirates NBD, a Dubai-based lender. The deal, anticipated to be finalized within the next five to six months, will see RBL Bank transition into a listed subsidiary of
Private banking
The deal, announced just weeks after Japan's Sumitomo Mitsui Banking Corp bought a 24.2% stake in Yes Bank, signals the central bank's greater comfort with foreign banks investing in local financial institutions. RBL Bank Ltd, a Mumbai-based private bank, expects to secure regulatory approvals within
Foreign banks
The second-largest bank in the UAE, Emirates NBD PJSC, is in advanced negotiations with RBL Bank to finalize a $1.7 billion investment in the private lender and emerge as the single largest and controlling shareholder. The investment, worth Rs 15,000 crore, will be made through preferential allotment of
Banks (Finance)
Stakk Ltd, an Australian technology company, has been chosen by Robinhood Markets, Inc. to deliver its Embedded Finance solution. This marks a significant milestone for Stakk, as it expands its reach into the US market. The agreement is designed to provide Robinhood's customers with access to a range
Banks (Finance)
Equity Bank has shifted its Bugolobi branch to a new location within the commercial district of Bugolobi, improving customer access and service delivery. The new branch, situated at Plot 3-5 Mpanga Close, Hensley Business Park, boasts expanded floor space and modern facilities, including dedicated areas for private banking consultations and
Banks (Finance)
The "digital arrest" scam has garnered significant attention in recent years, with citizens falling victim to sophisticated online frauds that manipulate fear and intimidation to siphon off millions of rupees. The Ministry of Home Affairs has termed this scam a "national threat," and the Reserve Bank
Banks (Finance)
The Indian banking sector is expected to witness a significant tax savings opportunity in the September quarter as State Bank of India (SBI) and a group of private banks sell their stake in Yes Bank to Japanese banking giant Sumitomo Mitsui Banking Corp (SMBC). The sale, valued at Rs 13,
Banks (Finance)
State Bank of India (SBI) and a group of private banks are set to reap a tax bonanza in the September quarter from the sale of their stake in Yes Bank to Japanese bank Sumitomo Mitsui Banking Corp (SMBC). The é 13,483-crore income from the stake sale will be
Banks (Finance)
Foreign institutional investors (FIIs) have consistently been a significant presence in India's banking and financial services sector, with their investments swinging between massive inflows and significant outflows. During the quarter ended June 2025, FIIs poured é 66,161 crore into the financial services sector, including banks, while their
Banks (Finance)
Infrastructure development has been instrumental in driving India's economic growth, and financing of these projects has been a collaborative effort between the government, private sector, and banks. However, the financial viability of some infrastructure projects has been put into question due to the rising levels of non-performing assets
