Fintech firm ISFC in talks to raise $12 million in equity and debt
In view of the pandemic, Hyderabad-based Indian School Finance Company (IFSC) is looking to extend interest-free fixed instalment …
Team of diverse investors puts in bid for embattled PMC Bank
A consortium, led by Surinder Mohan Arora, an Indian businessman, submitted a plan on February 1, 2021, for revival and conversion…
RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted
It has also asked the lender to desist from disbursing any payment whether in discharge of its liabilities or otherwise, or dispos…
Karnataka Bank reports Rs 34.16-crore fraud to RBI
Private sector lender Karnataka Bank on Friday said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilitie…
LIC Housing Finance disburses Rs 1,331 crore of loans via mobile app
It said the ‘Homy’ app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. More than 7,300 o…
Bank unions stage protest against privatisation; plan to march towards Parliament in March
About 10 lakh bank employees and officers under the banner of United Forum of Unions consisting of nine unions AIBEA, AIBOC, NCBE,…
