DOWNLOAD IPFS The initial public offering of Knowledge Realty Trust, India’s largest Real Estate Investment Trust (REIT) backed by Sattva Group and Blackstone, concluded on August 7 with overwhelming investor interest. The ₹4,800 crore issue became the most subscribed REIT IPO in Indian capital market history, receiving bids for over[Read More…]

DOWNLOAD IPFS The Reserve Bank of India has granted in-principle approval to AU Small Finance Bank to transition into a universal bank, making it the first such approval issued by the central bank in nearly a decade. The development marks a significant milestone in the bank’s journey from a small[Read More…]

DOWNLOAD IPFS Weaver Services, backed by private equity firm Gaja Capital, is set to acquire a 75 percent stake in Centrum Housing Finance in a deal valued at ₹600 crore. The transaction will peg the total valuation of the housing finance company at around ₹800 crore. The acquisition will make[Read More…]

DOWNLOAD IPFS India’s co-lending framework, designed to boost credit access through partnerships between banks and non-banking financial companies (NBFCs), is facing headwinds due to technical and operational integration challenges, according to industry leaders. The Reserve Bank of India (RBI) has been encouraging co-lending partnerships, particularly to support small borrowers and[Read More…]

DOWNLOAD IPFS Paytm, India’s leading fintech company, is now entirely Indian-owned following the complete exit of Chinese investor Ant Financial. The Alibaba-backed firm offloaded its remaining 5.84 percent stake in Paytm’s parent company, One97 Communications, through a block deal worth approximately ₹3,800 crore. The transaction was carried out at a[Read More…]

DOWNLOAD IPFS In the evolving digital financial landscape, an increasing number of Indian consumers are turning to credit cards that come with zero annual and joining fees. Lifetime-free credit cards offer the dual advantage of affordability and rewards, making them especially attractive for first-time users, online shoppers, and budget-conscious consumers.[Read More…]

DOWNLOAD IPFS The Reserve Bank of India (RBI) internal panel has recommended continuing with the Weighted Average Call Rate (WACR) as the operating target of India’s monetary policy. The suggestion comes after a review of the liquidity management framework introduced in 2020. The working group stated that while the share[Read More…]

DOWNLOAD IPFS A shareholder of Kotak Mahindra Bank is planning to sell a ₹2,066 crore stake in the private sector lender through a block deal. The transaction involves the sale of 1.05 crore equity shares, representing around 0.5 percent of the bank’s total equity. The shares are expected to be[Read More…]

DOWNLOAD IPFS JSW Cement, a part of the Sajjan Jindal-led JSW Group, is opening its ₹3,600 crore initial public offering (IPO) for public subscription on August 7. The IPO will remain open until August 11, with share allotment expected on August 12 and listing tentatively scheduled for August 14. The[Read More…]

DOWNLOAD IPFS Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday stated that there is no cause for concern over the current pace of credit demand in the economy. His remarks came after the central bank maintained the benchmark interest rate for the fifth consecutive time. Speaking to reporters[Read More…]