banking
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Opportunity India Desk Jul 19 2022 - 4 min readPrivate lender Yes Bank is planning to acquire 20 per cent stakes in JC Flowers Asset Reconstruction Company (ARC) for INR 350. The bank has identified the company as base bidder for its INR 48,000-crore pile of stressed assets. The bank plans to raise $1 billion in capital during the current ...
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Opportunity India Desk Jul 14 2022 - 3 min readAs the Reserve Bank of India (RBI) has relaxed norms and allowed banks to raise foreign currency non-resident (FCNR) and NRE deposits from non-resident Indians (NRIs) till October 31, 2022, Several banks like SBI, ICICI Bank, HDFC Bank and IDFC First Bank have raised interest rates on FCNR deposits. The RBI had last week ...
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Priyanka Tanwer Jul 13 2022 - 3 min readThe Reserve Bank of India (RBI) has imposed fine of INR 1.67 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) and the Master Direction – Know Your Customer (KYC) Direction. “The Reserve Bank of India (RBI) has imposed monetary penalty of ...
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Priyanka Tanwer Jul 12 2022 - 3 min readRazorpay, India’s preferred payments and banking platform for businesses has announced that it is one of the first full-stack financial solutions companies that has been given an in-principle approval by the ?RBI for a Payment Aggregator (PA) License. This reiterates the trust placed by over eight million businesses in Razorpay to boost and support their ...
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Opportunity India Desk Jul 06 2022 - 3 min readAlpha Capital- Family Office has received the prestigious Global Private Banking Innovation Awards 2022 for the Best Family Office in India and overall, on behalf of Global Private Banker and an honourable panel of judges for innovative products and solutions which have benefited the clients and helped them in the efficient management of their wealth. ...