South Korea’s Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country’s largest cryptocurrency exchange, the bank’s holding company said in a regulatory...
Banking
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank will acquire a select India credit card portfolio from Standard Chartered Bank of about 450,000 cards, the bank said in a statement. Both banks will sign an agreement for the deal, the bank said in a...
Govt reviews divestment plans, IDBI Bank stake sale
The government on Monday reviewed its disinvestment strategy, including the IDBI Bank strategic sale, as stock market volatility in the aftermath of the West Asia war has cast a shadow over its sell-off bid, a person...
Quadra Capital nears deal to buy $3 billion of assets from Banco de Brasília, sources say
Brazilian independent asset manager Quadra Capital is nearing the acquisition of 15 billion reais ($2.99 billion) of assets from state-owned Banco de Brasília (BRB) that were previously held by liquidated lender Banco...
Ireland to sell final crisis-era bank shares as BAWAG agrees $1.9 billion PTSB deal
BAWAG Group will buy Irish retail lender Permanent TSB for 1.62 billion euros ($1.92 billion) in a deal that will widen the Austrian bank’s European footprint and allow the Irish government to exit its last bank...
NCLAT upholds NCLT order on distribution of funds from a resolution plan
The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank and Union Bank of India, challenging the distribution of...
Centre may seek revised bids from two suitors for IDBI Bank
The government may ask for revised financial bids from two potential buyers of IDBI Bank as their original bid amounts were lower than the reserve price fixed for the strategic sale of the lender, sources said...
ING terminates sale agreement for Russian business
Dutch lender ING said on Tuesday it had terminated the agreement to sell its Russian business to Moscow-based Global Development JSC, announced in January 2025. In a press release, the bank said the decision was...
RBI clears Emirates NBD to acquire up to 74% stake in RBL Bank; lender to become foreign bank post acquisition
Indian banking regulator the Reserve Bank of India (RBI) has granted approval to Emirates NBD Bank (P.J.S.C) to acquire up to 74% stake in RBL Bank, marking a potential shift in ownership and strategic direction. The...
RBL Bank gets RBI nod for Emirates NBD stake buy; Sebi approval awaited
Private sector lender RBL Bank has received the Reserve Bank of India’s approval for its proposed deal with Emirates NBD Bank, according to sources familiar with the matter. Approval from market regulator Sebi is also...
CMS Info Systems acquires FSS’s ATM managed services business for Rs 115 crore
In a significant signal of consolidation in India’s ATM industry, CMS Info Systems — the country’s largest ATM and cash management company — has acquired the ATM Managed Services business of Financial...
Austria’s Raiffeisen to buy BBVA’s Romania unit for $680 million
Austria’s Raiffeisen Bank said on Saturday it would buy Garanti BBVA’s Romanian business for 591 million euros ($680 million), its first significant acquisition in recent years. The deal marks a turning...
