India
India’s InCred Wealth names head for family office business
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.
India’s central bank names new executive director
Shri Indranil Bhattacharya will look after the Dep’t of Economic and Policy Research.
India and Mauritius ink MOU for local currency use in cross-border transactions
It covers all current account transactions.
Indian commercial banks’ lending up 11.8% in Q3 FY2025 on MSME demand
Credit offtake of public banks outpaced private banks.
India’s restored risk weights offer modest impact to banks
The move will enhance flow of credit from banks to better-rated NBFCs.
Kotak Mahindra Bank set for growth as RBI lifts restrictions
The Indian bank is allowed to onboard new customers and issue new credit cards.
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