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...
Putin grants HSBC approval to sell Russian unit to Expobank
Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of...
Utkarsh Small Finance Bank proposes reverse merger with holding entity
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...