Utkarsh Small Finance Bank, on Wednesday, informed the exchanges that post passing a resolution for a reverse merger between the holding company Utkarsh Core Invest (UCL) and the bank, the UCL board has suggested...
SBI to acquire SBI CAPS subsidiary for Rs 708 cr
State Bank of India (SBI) said it will acquire SBI CAPS subsidiary for Rs 708.07 crore. SBI plans to acquire 100 per cent of SBICAPS Venture Ltd (SVL) for which all regulatory approvals are in place, the bank said in a...
RBI grants nod to HDFC Bank entities to acquire up to 9.5% stake in Yes Bank, IndusInd Bank and four other
The RBI has granted HDFC Bank’s entities approval to acquire aggregate holding of up to 9.5 per cent in six banks including Axis Bank, Suryoday Small Finance Bank, ICICI Bank, Bandhan Bank, Yes Bank and IndusInd...
Barclays shifts focus to buyout firms for UK payments business sale – sources
Barclays plc is sounding out private equity firms about taking a majority stake in its UK merchant payments business, after overtures to trade buyers yielded muted interest, three people familiar with the matter said...
Singapore’s DBS to merge capital markets, brokerage with treasury markets
Singapore’s largest lender DBS Group said it will merge its equity capital markets, brokerage and digital exchange with its existing treasury markets business, with the new group renamed global financial markets...
LIC gets RBI approval to acquire 9.99% holding in HDFC Bank
The Reserve Bank of India on Thursday approved state-run insurer Life Insurance Corporation of India’s (LIC) application to acquire a 9.99% aggregate holding of paid-up share capital in HDFC Bank. “Pursuant...
CCI approves merger of Fincare Small Finance Bank with AU Small Finance Bank
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank, as per an exchange filing. In October last year, the board of directors of AU Small Finance...
France’s Credit Agricole buys 7% stake in payments firm Worldline
French bank Credit Agricole said it had bought 7% of Worldline, in a bid to bolster the payments group after a slump in its share price last year. Worldline’s shares jumped more than 5% after the announcement...
Commerzbank merger talk resurfaces as Germany mulls company sales, sources say
Five years after Deutsche Bank and Commerzbank aborted an attempt to merge, an uncertain outlook for bank profitability and Germany’s need to plug a hole in its budget are rekindling speculation about a potential...
Deutsche Bank discussing deals involving Commerzbank, ABN Amro – Bloomberg News
Germany’s largest lender Deutsche Bank AG has stepped up internal discussions about mergers and acquisition deals involving European lenders like Commerzbank AG and ABN Amro Bank NV, Bloomberg News reported on...
HSBC completes sale of retail banking business in France
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement...
DBS to raise stake in China’s Shenzhen Bank
DBS Group Holdings said it was raising its stake in China’s Shenzhen Rural Commercial Bank in a S$376 million ($284.72 million) deal, as it looks to tap into growing opportunities in the Greater China region. DBS...
