Some 72% of India’s consumer transactions take place in cash, double the rate in China, according to a Credit Suisse report.
IPOs & Markets
The deal would help the bank enhance risk buffers and lending capacity.
Last month, JPMorgan announced it was taking a stake in Global PayEx, a Mumbai-based fintech firm which helps companies manage their invoicing and pay
Reliance Capital, his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress.
Q & A
Edelweiss’s status as India’s top buyer of bad loans has attracted funds such as Caisse de Dépôt et Placement du Québec.
A successful deal would help the winning bidder add a slew of video services in the scramble for user revenue.
The lender’s turnaround efforts gathered pace after the nation’s largest insurer LIC bought a controlling stake in the bank from PM Modi’s gover
The deal would be valued at about 34 billion rupees ($480 million) at the top of the price range.
KKR already operates two local non-bank financiers - KKR India Financial Services Pvt and KKR India Asset Finance Pvt - and also manages credit funds
Investcorp Bank BSC plans to provide structured lending to developers faced with borrowing constraints.
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