NBFC Moneyboxx Finance secures Rs 20 cr term loan from Maanaveeya NBFC Moneyboxx Finance on Friday said it has secured a Rs 20 crore term loan from Maanaveeya Development & Finance, and the funds will be used for onward lending to micro entrepreneurs. Maanaveeya is an Indian subsidiary of Oikocredit. Moneyboxx is supported by ...

HDFC merger: HDFC-HDFC Bank merger gets NCLT approval [ad_1] The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. The merger between the two entities has received in-principle approval from regulators including the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (Irdai) and the Pension Fund Regulatory and Development Authority ...

Credit Suisse gets lifeline of $54 bn. Now it’s time to win back clients By Marion Halftermeyer, Chanyaporn Chanjaroen and Steven Arons The $54 billion lifeline won by Credit Suisse Group AG on Thursday gives it a fighting chance to rebuild its business. Some clients aren’t waiting around to find out how that goes. In ...

IDBI Bank privatisation on track as per strategic sale process: DIPAM The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. Debunking media reports which indicated a possibility of deferment of IDBI Bank disinvestment, the Department of Investment and Public Asset Management (DIPAM) said the ...

Rupee appreciates 25 paise to 82.51 against US dollar in early trade The rupee reversed its four-day losing streak and rose 25 paise to 82.51 against the US dollar in early trade on Friday amid positive trends in the domestic as well as global equity markets. At the interbank foreign exchange, the domestic unit opened ...

WDRA, PNB ink MoU to for finance against negotiable warehouse receipt Warehousing Development Regulatory Authority (WDRA) has signed an MoU with PNB to facilitate loans to farmers and traders against negotiable warehouse receipts. According to an official statement, the Memorandum of Understanding (MoU) was exchanged in the presence of T K Manoj Kumar, Chairperson, WDRA; ...

Microfinance loan disbursal rise 19% to Rs 77,877 cr in Q3: MFIN Micrometer Loan disbursals by microfinance companies increased 19 per cent to Rs 77,877 crore during December quarter 2022-23, said the MFIN Micrometer. The total microfinance loan portfolio increased to Rs 3.21 lakh crore as on December 31, 2022, the report said. “Microfinance ...

Amid foreign fund outflow, rupee falls 12 paise to 82.77 against US dollar The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) against the US dollar amid mixed global equity market cues and foreign fund outflows. Traders said positive sentiments in the domestic equity ...

Rupee falls 10 paise to 82.75 against US dollar on foreign outflows The rupee depreciated by 10 paise to 82.75 against the US dollar in early trade on Thursday amid negative trends in the domestic as well as global equity markets and continued outflow of foreign funds. At the interbank foreign exchange, the domestic unit ...

Softer impact of Credit Suisse crisis likely on Indian banks: Jefferies India’s banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender’s relatively small presence in the country, equity analysts at Jefferies said on Thursday. Credit Suisse has a 1.5% share among foreign banks’ assets in India ...