CCI has approved Emirates NBD Bank’s proposal to acquire a majority stake of up to 74% in RBL Bank through an open offer, preferential allotment and merger of its India operations, marking a major ...

Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as the Japanese lender deepens its presence in the world’s most ...

MUMBAI (Reuters) -India's central bank on Wednesday said that banks will be allowed to fund acquisitions while raising the amount of credit that individuals can take to subscribe to initial public ...

RBI has given in-principle approval to Japan’s SMBC to set up a wholly-owned banking subsidiary in India, strengthening ...

ICICI Bank shows strong growth, with a 15% rise in profit after tax and a 9% increase in net interest income. The recent RBI repo rate cut could boost ICICI's net interest margin, despite initial ...

The Reserve Bank of India (RBI) said on Monday that banks will continue to face competition from non-bank sources in lending to companies, while fast-changing technology could change how customers ...

Foreign banks slightly reduced their presence in India in 2024-25 as part of ongoing changes in their global business strategies, according to the Reserve Bank of India’s (RBI) Trend and Progress of ...

When the Union Finance Ministry issued a short statement on January 2, few would have paid attention. It said that an inter-departmental committee, chaired by Department of Financial Services ...

The attack affected a leading banking technology provider and forced the National Payments Corporation of India to shut down payments at impacted banks. C-Edge Technologies — a State Bank of India ...