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Bain Capital seeks to raise $4 bn for new global special situations fund By Kane Wu and Anirban Sen Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said.   Bain Capital kicked ...

Canara Bank Q4 profit up 90.6% at Rs 3,175 cr, robust NII boosts growth Canara Bank’s net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore for the quarter ended March 2023 (Q4 FY23) on healthy growth in net interest income (NII). Canara Bank’s net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore for the ...

Rupee appreciates by 8 paise to 81.70 against US dollar in early trade The rupee gained 8 paise to 81.70 against the US dollar in early trade on Monday tracking the weakness of the American currency in the overseas market. Forex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported ...

What moved consumer inflation in March 2023, where is it headed? [ad_1] Consumer inflation fell to a 15-month low in Mar 2023. CPI combined was below market expectations, supported by base effect and soft food prices. Reported inflation was 5.66% y-o-y compared to expectations of 5.8%. Comparing y-o-y inflation rates for Feb and Mar 2023, 59% of 290 sub-components of ...

FM Sitharaman to review state of economy at FSDC meeting on Monday Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on Monday. The 27th meeting of the high-level panel to be held here will be attended by all financial ...

More SVB-like crises to come, says Aswath Damodaran on US banking sector SVB Crisis: What led to the collapse of start-ups’ favourite bank? SVB crisis: How the ripples of the bank’s plunge reached foreign shores SVB crisis: What is contagion risk, and is it expected to spread to India? BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the ...

RBI sounds note of caution on OPS, says it may add to liabilities in future Even as several non-BJP ruled states like Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jharkhand have started implementing the old pension scheme, the Reserve Bank of India (RBI) has cautioned that it would add to the financial burden of the states. In its report ...

nps: ‘NPS has generated competitive returns’ [ad_1] (This story originally appeared in on May 06, 2023) Deepak Mohanty, an old RBI hand, has taken over as the chairman of the Pension Fund Regulatory and Development Authority (PFRDA). He outlines his plan as the new pension regulator, including fresh options for subscribers to earn higher returns, while maintaining that an individual ...

Here’s how banks are coping with surge in cyber attacks, phishing, online banking fraud With a surge in online frauds, large banks are working extra hard to raise awareness among customers as well as their own employees, the Financial Express (FE) reported. These lenders are aggressively working towards eliminating the threats of online fraud. In the past one year, ...

Forex reserves at a 10-month high of $589 billion, shows RBI data RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement India’s forex reserves up $1.65 bn to $586.4 bn, shows RBI data RBI’s forex reserves rise for fifth straight week ...