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Mint Explainer: What listing plans of India's oldest ARC say about the asset reconstruction business

New Delhi, Aug. 4 -- India's oldest asset reconstruction company (ARC) wants to go public. Asset Reconstruction Co. (India) Ltd (ARCIL) filed its draft prospectus on 1 August, with four of its shareho... Read More


Mint Explainer | What the listing plans of India's oldest bad bank say about the asset reconstruction industry

New Delhi, Aug. 4 -- India's oldest asset reconstruction company (ARC) wants to go public. Asset Reconstruction Co. (India) Ltd (ARCIL) filed its draft prospectus on 1 August, with four of its shareho... Read More


RBI caps investment by lenders in AIFs at 10% of fund corpus

Mumbai, July 30 -- The Reserve Bank of India (RBI) on Tuesday capped investments by banks and non-bank financiers in alternative investment funds (AIFs) at 10% of the fund's corpus, two months after i... Read More


RBI caps AIF investments by banks and non-banks at 10% of fund's corpus

New Delhi, July 29 -- The Reserve Bank of India (RBI) on Tuesday capped investments by banks and non-bank financiers in alternative investment funds (AIFs) at 10% of the fund's corpus, two months afte... Read More


Weaver Services scouts for buyout targets as launch nears

New Delhi, July 22 -- Premji Invest and Gaja Capital-backed housing finance company Weaver Services has received investor commitments of Rs.1,500 crore and will start operations before the end of this... Read More


Bajaj Finance managing director Saha quits three months after appointment

Mumbai, July 21 -- Bajaj Finance Ltd managing director Anup Saha has quit citing "personal reasons", just three months after his appointment, making longtime chief Rajeev Jain once again take over the... Read More


ICICI Bank warns of more margin pressure as repo cuts bite

Mumbai, July 19 -- ICICI Bank Ltd expects further pressure on its net interest margins (NIMs) in the July-September quarter, as the full impact of the Reserve Bank of India's (RBI) rate cuts continues... Read More


Talcher urea plant revival takes shape as banks consider Rs.10,000 cr loan

Mumbai, July 9 -- The plan to revive India's first coal-based urea plant at Talcher, Odisha has gained steam as banks will start assessing the project afresh for lending up to Rs.10,000 crore, after b... Read More


External spillovers could dampen India's growth outlook, says RBI governor Sanjay Malhotra

Mumbai, June 30 -- Despite India's strong domestic drivers and fundamentals, spillovers from external challenges and weather-related events could impact growth, said Sanjay Malhotra, governor of the R... Read More


Current account swings to Q4 surplus, may slip again: RBI

mumbai, June 28 -- After three deficit quarters, India reported a current account surplus for January-March, but is expected to slip back into a deficit in the ongoing first financial quarter of 2025-... Read More