Priority for Byju's is reduce cash burn, improve governance : ex-SBI chief Kumar

Mumbai, March 11 -- Former State Bank of India chairman Rajnish Kumar, who is advisor to edtech firm Byju's, believes that the company's main priority is to reduce cash burn, settle the term loan, and... Read More

Byju's was in need of an experienced guide: ex-SBI chief Kumar

Mumbai, March 11 -- Former State Bank of India chairman Rajnish Kumar, who is advisor to edtech firm Byju's, believes that the company's main priority is to reduce cash burn, settle the term loan, and... Read More

AU SFB to focus on integration over the next 9-12 months

Mumbai, March 7 -- AU Small Finance Bank plans to extend its product offerings to Fincare Small Finance Bank's branches, marking the initial phase of the integration process between the two entities, ... Read More

Silent rise of public sector bankers in private bank boards

mumbai, March 7 -- Public sector bankers who would hang up their boots at the end of a long career are increasingly joining boards of private sector banks, which are welcoming these experienced hands ... Read More

IIFL Finance says Watsa's Fairfax to invest up to $200 mn in liquidity support

Mumbai, March 6 -- IIFL Finance Ltd is set to secure an investment of up to $200 million from Fairfax India as liquidity support, days after the Reserve Bank barred the company from disbursing gold lo... Read More

The silent rise of the public sector banker in private bank boards

Mumbai, March 6 -- Public-sector bankers who would hang up their boots at the end of a long career are increasingly joining boards of private-sector banks, which are welcoming these experienced hands ... Read More

Only operational issues, no ethical breach, says IIFL Finance

Mumbai, March 5 -- IIFL Finance Ltd on Tuesday tried to assuage investor concerns, stating there were no governance lapses, after the Reserve Bank of India (RBI) barred the non-banking financial compa... Read More

RBI bars IIFL Finance from sanctioning, disbursing new gold loans

Mumbai, March 4 -- The Reserve Bank of India (RBI) on Monday asked IIFL Finance to stop the sanctioning and disbursement of gold loans, citing "material supervisory concerns" observed in the non-bank ... Read More

SIDBI actively looking at exiting ARC biz: Chairman

Mumbai, Feb. 26 -- Small Industries Development Bank of India (SIDBI) is actively looking at a second attempt to exit from its subsidiary India SME Asset Reconstruction Company (ISARC). In an intervie... Read More

SIDBI looking to exit its ARC business, once again

Mumbai, Feb. 26 -- Small Industries Development Bank of India (SIDBI) is actively looking at a second attempt to exit from its subsidiary India SME Asset Reconstruction Company (ISARC). In an intervie... Read More

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