Malvika Joshi

India: Piramal Finance sets up housing finance arm

The company is set up under Piramal Finance with an initial capital of $152m.

ItzCash parent Ebix to acquire Paul Merchants

The deal, valued at $40.7 million, is a slump sale.

India: RBI to regulate peer-to-peer lending firms

All P2P loan platforms will be treated as NBFCs and will be brought under the ambit of RBI.

India: Micro lender Bharat Financial Inclusion close to finalizing a buyer

The micro lender, formerly SKS Microfinance, is in talks with two potential buyers, IndusInd Bank and RBL Bank.

DBS Bank gets nod to operate as wholly owned subsidiary in India

This makes DBS the second foreign bank to operate through the WOS model in India after State Bank of Mauritius.

India: Aditya Birla Capital may raise a distressed assets fund

The financial services firm is awaiting a licence from the Reserve Bank of India (RBI) to start its ARC business.

Indian Bank plans follow-on offer by year end, kicks off roadshow in HK

The bank plans to raise around Rs1,400 crore to strengthen its capital base and reduce government shareholding.

AIIB open to investing in viable Indian infrastructure stressed assets

India will also the largest borrower for AIIB, a top official of Beijing-based multilateral bank said.

India: NCLT admits Anil Ambani-led RCom’s petition for Aircel merger

The tribunal has also admitted RCom’s petition for a 51% stake sale in its telecom tower arm to Canada-based Brookfield Infrastructure