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Warburg Pincus-backed IDFC First Bank probes suspected $65 mn fraud; shares slump

Finance

23 February, 2026

Warburg Pincus-backed IDFC First Bank probes suspected $65 mn fraud; shares slump

India's IDFC First Bank said it was investigating a suspected fraud of $65 million by some employees involving ......

Financial sector sees large cross-border deals this year, including two rare ones

Finance

24 October, 2025

Financial sector sees large cross-border deals this year, including two rare ones

India's financial sector has seen a number of large deals in 2025, including two rare transactions involving foreign......

IDFC First Bank shareholders reject proposal to offer board seat to Warburg Pincus

Finance

19 May, 2025

IDFC First Bank shareholders reject proposal to offer board seat to Warburg Pincus

Private equity firm Warburg Pincus has suffered a setback in its attempt to nominate a representative to the board of ......

Sumitomo Mitsui Banking to buy 20% stake in YES Bank from SBI, others

Finance

09 May, 2025

Sumitomo Mitsui Banking to buy 20% stake in YES Bank from SBI, others

Japanese financial services giant Sumitomo Mitsui Banking Corporation (SMBC) has agreed to buy a 20% stake in YES Bank ......

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Deals Digest: Big-ticket PE transaction skews weekly numbers as total value tops $1 bn

General

17 April, 2025

Deals Digest: Big-ticket PE transaction skews weekly numbers as total value tops $1 bn

Dealmaking activity remained muted during the four-day period ended Thursday, as the number of private equity and ......

Warburg Pincus, ADIA to invest $877 mn in IDFC First Bank

Finance

17 April, 2025

Warburg Pincus, ADIA to invest $877 mn in IDFC First Bank

Private equity firm Warburg Pincus and Abu Dhabi Investment Authority, a sovereign wealth fund of the Gulf emirate, will......

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Warburg Pincus scripts near-$900 mn exit move in India

Finance

07 December, 2023

Warburg Pincus scripts near-$900 mn exit move in India

US private equity giant Warburg Pincus, which made a change in top management for its India business and wrapped up ......

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Warburg Pincus scores from legacy bet but did it beat benchmark returns?

Finance

01 September, 2023

Warburg Pincus scores from legacy bet but did it beat benchmark returns?

Warburg Pincus, which has been on an exit spree in India and scored unusually high returns in a quick monetisation ......

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IDFC First bets big on upcoming startup financing segment

Finance

21 November, 2022

IDFC First bets big on upcoming startup financing segment

Private sector lender IDFC First Bank is looking to grab a sizable pie of the up-and-coming startup banking segment and ......

Packaging materials platform Bizongo closes Series C funding round

TMT

26 April, 2021

Packaging materials platform Bizongo closes Series C funding round

Bizongo, a business-to-business platform for packaging materials, has closed its Series C funding round at $51 million (Rs 381...

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