India
Carlyle Group further dilutes stake in SBI’s credit card JV
American private equity firm Carlyle Group has diluted its stake in SBI Cards & Payments Services in a block deal worth $294.84m. …
IDBI Bank to sell stake in life insurance JV to Ageas
Indian private lender IDBI Bank has announced plans to sell its stake in the life insurance joint venture with Ageas Insurance International…
Indian government assessing investor interest in IDBI Bank
Indian government is holding roadshows to gauge investor interest as it seeks to privatise IDBI Bank, Minister of State for Finance…
SBI to revamp mobile app to launch digital bank
Public sector lender State Bank of India is planning to upgrade its banking application, which will be called ‘Only Yono’,…
Indian credit platform Money View raises $75m at $625m valuation
Indian fintech platform Money View has raised $75m in its Series D funding round, which values the firm at $625m.…
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India’s HDFC Bank working to launch digital arm
India’s leading private lender HDFC Bank is working to build a digital challenger bank to target young customers, Financial Express has reported…
Axis Bank set to buy Citi’s retail business in India
Axis Bank is set to close the deal to acquire Citi’s consumer banking operations in India, CNBC-TV18 reported citing people familiar with…
Carlyle may pay up to $600m for 10% stake in Yes Bank
American private equity firm Carlyle is looking to invest up to $600m in Indian private lender Yes Bank along with…
Consumer banking platform Niyo raises $100m in funding
Indian digital consumer banking platform Niyo has raised $100m in its Series C funding round to ‘transform’ banking in the…
Northern Arc signs deal to buy S.M.I.L.E. Microfinance’s unit
Indian financial services platform Northern Arc group has signed an agreement to buy the microcredit business of S.M.I.L.E. Microfinance. The financial value…