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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


Jayanth Varma, MPC's sole dissenter, on inflation, interest rate and MSP

Mumbai, Feb. 24 -- Monetary Policy Committee (MPC) member Jayanth R. Varma says that he is not worried about the Reserve Bank of India announcing a rate cut before the US Federal Reserve. In an interv... Read More


NPCI told to review Paytm's application for UPI services

Mumbai, Feb. 24 -- The Reserve Bank of India on Friday announced more measures to ensure UPI customers using the @paytm handle operated by Paytm Payments Bank continue seamless digital payments even a... Read More


NPCI told to review Paytm's application for UPI services

Mumbai, Feb. 24 -- The Reserve Bank of India on Friday announced more measures to ensure UPI customers using the @paytm handle operated by Paytm Payments Bank continue seamless digital payments even a... Read More


NPCI told to review Paytm's application for UPI services

Mumbai, Feb. 24 -- The Reserve Bank of India on Friday announced more measures to ensure UPI customers using the @paytm handle operated by Paytm Payments Bank continue seamless digital payments even a... Read More