Fino Payments Bank becomes the first profitable fintech to file for an IPO
Fino Payments Bank The IPO size is likely to be of ₹1,300 cr and will include a fresh issue of ₹ 300 cr as well as an OFS component Mumbai, 31 July, 2021 (GPN): Four years…
BANKING
IFC Equity Investment in Federal Bank to Promote Green Recovery, Improve Access to Finance for Smaller Businesses
Mumbai, India, July 29, 2021 (GPN)—Increased financing for climate friendly projects as well as more financing for small businesses to help accelerate India’s economic recovery from COVID-19 are expected in the wake of a $126…
YES BANK and Indiabulls Housing Finance Limited enter into a strategic co-lending partnership
Mumbai, July 28, 2021 (GPN): YES BANK and Indiabulls Housing Finance Limited have entered into a strategic co-lending agreement to offer home loans to homebuyers at competitive interest rates. The partnership aims at synergizing capabilities to…
Federal Bank records highest ever operating profit of Rs.1135 Cr (Grows by 22% Y-o-Y)
July 23, 2021, Mumbai (GPN): Federal Bank announced the Unaudited Financial Results for the quarter ended 30th June 2021. The key highlights of the results on a Y-o-Y basis are as follows: Ø Operating profit grows 21.75% to…
Paytm Payments Bank has 155 million UPI handles, is the largest beneficiary bank
Mumbai, July 23, 2021 (GPN): India’s leading digital payments and financial services Paytm filed its DRHP on July 15, 2021, for SEBI’s approval for its $2.2 billion IPO. In its prospectus, the numbers of Paytm Payments…
SMC Global Securities Limited ties up with Dhanlaxmi Bank Limited to provide 3-in-1 Account to its clients
MUMBAI, DELHI, JULY 19, 2021: SMC Global Securities limitedtoday announced a strategic alliance with Dhanlaxmi bank for offering online trading services to the bank customers. This tie-up will offer an integrated 3-in-1 account comprising of a…
90th Annual General Meeting of Federal Bank Conducted
MUMBAI, 11 JULY, 2021 (GPN): Ninetieth Annual General Meeting of shareholders of Federal Bank was conducted over video conferencing today. The meeting was presided over by Bank’s Chairperson Ms. Grace Elizabeth Koshie and joined by…
Federal Bank has unveiled their musical logo (Mogo) today, marking World Music Day, 21st June 2021
MUMBAI, 21st June 2021 (GPN): Federal Bank’s new Musical Logo (MOGO) is the sonic essence of the brand in musical terms which evokes the core values, emotions and persona of the organisation. The sonic palette…
Centrum and BharatPe Set To Create A New Age Bank
Mumbai, June 18, 2021 (GPN) – The Reserve Bank of India (RBI) has issued an In-principle approval to Centrum Financial Services Limited (Centrum), the established and profitable NBFC arm of the Centrum Group, to establish a Small Finance Bank (SFB). …
Panvel’s Karnala Nagari Sahakari Bank scam busted, ED arrests former MLA & Chairman Vivekanand Shankar Patil
Ex- MLA & Bank’s Chairman, Vivekanand Shankar Patil MUMBAI, 16 JUNE, 2021 (GPN): The Enforcement Directorate (ED) on Tuesday arrested former MLA from Panvel, Vivekanand Shankar Patil, in connection with a Rs 512-crore bank fraud…