Indian Bank is progressing with plans to enter the life insurance and asset management sectors and is expected to seek board approval soon, Managing Director […]
Category: Banking
Bank of India Gets ‘BBB’ Rating from S&P, Outlook Stable
S&P Global Ratings has assigned Bank of India (BoI) a ‘BBB’ long-term issuer credit rating and an ‘A-2’ short-term rating, citing the bank’s adequate capitalisation, […]
SBI Card, Google Pay Partner to Offer Reward-Focused Credit Card for Digital Users
Google Pay and SBI Card have launched the Google Pay Flex SBI Card, a new co-branded credit card designed to offer enhanced rewards and flexible […]
DCB Bank Posts Highest-Ever Quarterly Profit as Stock Rallies on Strong Results
Shares of DCB Bank surged nearly 10 per cent in Monday’s intra-day trading after the private sector lender reported its highest-ever quarterly profit after tax […]
Wipro’s Q1 Earnings Face Margin Squeeze and Revenue Sluggishness Despite Robust $3.4 Billion Order Book
Indian IT heavyweight Wipro Limited delivered a mixed set of financial results for the first quarter of the fiscal year, as a robust pipeline of […]
Government Moves Closer to IDBI Bank Stake Sale with Revised Offers
The government has received revised financial bids from Fairfax Financial Holdings and Emirates NBD for the strategic sale of its stake in IDBI Bank, according […]
ICICI Prudential Introduces Diversified Fund Offering Equity, Debt and Precious Metals Exposure
ICICI Prudential Mutual Fund has launched a new open-ended fund of funds (FoF) scheme that will provide investors exposure to equity, debt, gold and silver […]
Axis Bank Joins Peers in Overseas Fundraising Through Dollar Bonds
Axis Bank has successfully raised $800 million through a dual-tranche US dollar bond issuance under its Global Medium Term Note (GMTN) programme, further strengthening its […]