India’s HDFC Bank said on Wednesday it has completed the sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore ($1.15 billion) to private equity firms BPEA EQT and ChrysCapital. The deal...
IL&FS moves NCLAT, seeks protection for group companies from wilful defaulter tag
The newly appointed board of debt-ridden IL&FS has moved an urgent application before the appellate tribunal NCLAT to restrain 11 public sector lenders from initiating proceedings to declare its group companies as...
Fosun open to sale of Portuguese bank stake, sources say
Fosun International is open to selling its remaining stake in Portugal’s Millennium bcp after disposing of some shares earlier this year, two sources familiar with the matter told Reuters. The Chinese...
National Bank of Canada denies media report of talks to sell its Cambodian unit
National Bank of Canada on Tuesday denied a media report that said it was in talks to sell its Cambodian unit, ABA Bank. Bloomberg News on Tuesday reported that the lender was exploring options for ABA Bank, including...
Australia’s ANZ selling 9% stake in Malaysia’s AmBank, term sheet shows
Australia’s fourth-biggest bank ANZ Group is selling around 298 million shares or 9% stake worth up to $242 million in Malaysian lender AMMB Holdings or AmBank, according to a term sheet seen by Reuters on Tuesday...
RBI approves AU Small Finance Bank acquisition of Fincare Small Finance Bank with effect from April 1
The Reserve Bank of India on Monday gave its go-ahead to the first ever merger between two small finance banks. As per the agreement between the two, shareholders of Fincare Small Finance Bank will receive 579 equity...
ARCIL buys Saraswat’s NPAs at 86% haircut
US-based Avenue Capital-backed Asset Reconstruction Company (India) (ARCIL) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) of Saraswat Bank with a haircut of nearly 86%. Saraswat Bank...
Greek regulator approves prospectus for Piraeus Bank stake sale
Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank owned by the country’s bank bailout fund HFSF, it said on Sunday. The securities regulator said the...
Sion Investment exits CMS Info; ICICI Bank ups stake in ICICI Lombard
Private sector lender ICICI Bank on Tuesday hiked its stake in ICICI Lombard General Insurance by 1.42 per cent. It bought nearly 7 million shares for Rs 1,164 crore at Rs 1,666 apiece. Shares of ICICI Lombard last...
RBI approves HDFC Bank’s 90% stake sale in HDFC Credila to ChrysCapital and BPEA EQT
HDFC Bank received approval from the Reserve Bank of India (RBI) to sell its 90% stake in the education loan company HDFC Credila Financial Services Ltd- a move that will boost private lender’s income in the fourth...
Ant Group outbids Citadel for Credit Suisse’s China unit, Bloomberg reports
Fintech giant Ant Group has outbid billionaire Ken Griffin’s Citadel Securities for Credit Suisse’s investment bank venture in China, Bloomberg News reported on Sunday, adding it was unclear whether the...
ANZ’s $3.2 billion Suncorp bank unit buyout approved by tribunal
ANZ Group’s A$4.9 billion ($3.2 billion) buyout of Suncorp’s banking business was cleared by the Australian Competition Tribunal on Tuesday, meaning the bank can press on with the takeover of its significant...
