SBI's Electoral Bond SOP Secrecy: Implications & Controversy
Banking

SBI Refusal to Disclose Electoral Bond SOPs: Implications and Controversy

The State Bank of India (SBI) has declined to disclose the standard operating procedures (SOPs) for electoral bonds, sparking controversy and raising concerns about transparency

Hindujas' Reliance Capital Acquisition Hits Financing Snag
Finance

Hindujas Acquisition of Reliance Capital Faces Financing Hurdle

Introduction to the Acquisition Deal The Hinduja Group’s acquisition of Reliance Capital has encountered a significant financial obstacle. IndusInd International Holdings Ltd (IIHL), the holding

Graph showing foreign investors' trading activity during a holiday-shortened week.
Finance

Foreign Investors’ Trading Activity: Key Driver in Holiday-Shortened Week

Overview of Market Dynamics In the upcoming holiday-shortened week, the Indian equity markets will be significantly influenced by the trading activities of foreign investors, global

PhonePe Launches UPI Payments for Indian Travellers in Sri Lanka
Banking

Empowering Indian Travellers: PhonePe Introduces UPI Payments in Sri Lanka

In a significant move aimed at enhancing digital payment accessibility for Indian travellers, fintech major PhonePe has forged a strategic partnership with LankaPay to introduce

Apax Partners Strengthens Presence in India with Strategic Investment Approach
Finance

Apax Partners Expands India Presence with Strategic Investment Approach

Unveiling Apax Partners’ Growth Strategy in India Apax Partners, a prominent London-based private equity firm, is set to amplify its presence in India’s burgeoning investment

Vishal Mega Mart Plans Mega IPO with Kotak and ICICI Bank
Finance

Jefferies Upgrades Kotak Mahindra Bank’s Share Price Target

Kotak Mahindra Bank’s Share Price Target Raised Jefferies, a renowned brokerage firm, recently raised its recommendation on Kotak Mahindra Bank Ltd to ‘Outperform’ from ‘Neutral’.

The image shows a group of individuals seated around a table in a meeting room, engaged in a discussion. Representatives from banks and the CBI are seen conversing, likely discussing the handling of fraud accounts and the implications of the Supreme Court ruling.
Finance

Banks and CBI Clash Over Fraud Accounts: Supreme Court to Intervene

A disagreement between the Central Bureau of Investigation (CBI) and major banks over branded ‘fraud accounts’ is intensifying, potentially requiring Supreme Court involvement. Last year,

An artistic depiction of satellites orbiting Earth, symbolizing the growth and innovation in India's space sector following the relaxation of FDI norms.
Finance

FDI Norms in Space Sector to Attract Foreign Players and High-Tech Job

Unlocking Foreign Investment Potential in India’s Space Sector The Indian government’s recent decision to relax foreign direct investment (FDI) norms in the space sector has

RBI Penalizes Satara Sahakari Bank Limited for Non-Compliance
Banking

RBI Penalizes Satara Sahakari Bank Limited for Non-Compliance

The Reserve Bank of India (RBI) has taken strict action against The Satara Sahakari Bank Limited, based in Mumbai, Maharashtra. The bank has been penalized

Foreign Banks Seek Flexibility on LEF Rules for Nostro Accounts
Banking

Foreign Banks Request Flexibility on LEF Rules for Nostro Accounts

Foreign banks are pleading with the banking regulator to be more forgiving when it comes to adhering to the large exposures framework (LEF) of the