India
HDFC Bank revamps Biz+ Current Accounts with four tiers
HDFC Bank revamps Biz+ Current Accounts with four tiers
It offers businesses cash deposit limits, insurance, and special offers, amongst others.
2 days ago
NBFCs emerging as key lender to India’s micro and small businesses
They outpaced banks in growing their share of MSME loans.
Credit Saison India secures $150m funding from Japan’s Mizuho Bank
Mizuho Bank had earlier made an equity investment for a 15% stake in the company.
Japan’s SMBC is buying a 20% stake in India’s Yes Bank
Yes Bank is India’s sixth-largest private sector commercial bank in India.
Ashika Credit Capital to consolidate two businesses and launches new subsidiary
Its new subsidiary will focus on Category II alternative investment funds.
India’s InCred Wealth names head for family office business
The wealth management firm will offer tailored solutions to UHNWIs and business families.
Money transfer firm Wise hiring hundreds of roles in Hyderabad
It will launch a new hub in the city in the second half of 2025.
India’s Axis Bank unveils in-app mobile OTP feature
Instead of text messages, clients can get their OTPs via their app.
Wealth firms eye a slice of India's startup boom
The ultra-rich have started looking at small and mid-sized companies.
India’s credit card spend slumps 9% MoM to 7-month low
Whilst spending grew 12% YoY, the pace of growth has slowed compared to previous months.
India tightens microfinance rules to curb borrower overleveraging
Lending in the sector has slowed down as tighter rules began rolling out in 2024.
India revises priority sector lending guidelines
It broadened the purposes for renewable energy loans and revised UCB targets.
Mannapuram Finance gets growth boost from Bain Capital’s stake acquisition
It will enable the Indian gold lender to invest in new age tech like AI, for example.
India and Nepal orgs ink MOU to develop investment banking sector
The MoU will be in effect for a period of 3 years.
Bain Capital buying 18% stake in Manappuram Finance for $508m
The deal may close in Q2 or Q3 of the 2026 financial year.
HDFC Bank now accepting deposits under India’s savings scheme for seniors
HDFC will act as an agency bank and help source scheme deposits.
RBI Governor tells urban cooperative banks not to break depositors’ trust
Malhotra stressed the importance of maintaining high standards for customer service.
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