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GIC bumps ups stake in private-sector lender, deepening BFSI push

Finance

10 July, 2020

GIC bumps ups stake in private-sector lender, deepening BFSI push

Singapore sovereign wealth fund GIC Pte. Ltd has raised its stake in a private sector lender in yet another bet ......

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GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Finance

06 May, 2020

GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Singapore sovereign wealth fund GIC Pte. Ltd shuffled several of its investments in India’s listed banking, financial services and insurance ......

Three lenders trim stake in Yes Bank within two weeks of investment

Finance

23 April, 2020

Three lenders trim stake in Yes Bank within two weeks of investment

Three private-sector banks, which had pitched in to save Yes Bank from the brim of a collapse last month, have ......

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India's $28-bn microfinance sector braces for turmoil as third crisis hits in a decade

Finance

14 April, 2020

India's $28-bn microfinance sector braces for turmoil as third crisis hits in a decade

Gagan Kumar, who runs a small hair salon in Mumbai’s Borivali suburb, is a worried man these days. Kumar had ......

Grapevine: Carlyle, Brookfield, Tilden Park Capital may eye Yes Bank

General

23 March, 2020

Grapevine: Carlyle, Brookfield, Tilden Park Capital may eye Yes Bank

Troubled private sector lender Yes Bank may attract interest from a clutch of foreign investors as part of a massive ......

Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

Finance

13 March, 2020

Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

The Union Cabinet has approved a reconstruction plan for Yes Bank, finance minister Nirmala Sitharaman said on Friday, as the ......

RBI lifts curbs on GIC-backed Bandhan Bank to open branches, but adds riders

Finance

26 February, 2020

RBI lifts curbs on GIC-backed Bandhan Bank to open branches, but adds riders

The Reserve Bank of India has lifted restrictions on Bandhan Bank, allowing it to open new branches without prior permission, ......

Grapevine: Jhunjhunwala under SEBI lens; Kedaara may bet on Veritas Finance

General

28 January, 2020

Grapevine: Jhunjhunwala under SEBI lens; Kedaara may bet on Veritas Finance

The Securities and Exchange Board of India is investigating insider trading allegations against billionaire investor Rakesh Jhunjhunwala, a media report ......

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Half the early birds post lower revenue for Q3 but profitability improves a tad

Finance

23 January, 2020

Half the early birds post lower revenue for Q3 but profitability improves a tad

India Inc.’s revenue growth slowed again in the quarter through December 2019 but profit growth recovered a little, an analysis ......

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Flashback 2019: How the contours of PE, VC, M&A dealmaking changed this year

Finance

31 December, 2019

Flashback 2019: How the contours of PE, VC, M&A dealmaking changed this year

The aggregate value of private investments as well as mergers and acquisitions in India slipped back to a more normal ......