Japan's Mizuho hires Sanjay Nayar as advisor for Mizuho Bank India

IFC extends $500 mn to HDFC Bank to advance microloans to women

JP Morgan’s Rajiv Batra on why FIIs are selling and how to position portfolio now

Foreign banks see no rate change upto Sept, higher CPI inflation in May amid rising food prices
Foreign banks expect the Reserve Bank of India (RBI) to keep policy rates unchanged till end-September, given the strong growth prospects for the economy along with lower core inflation. The consensus is also that the consumer price index (CPI) inflation will inch up to 5-5.1 per cent in May 2024 from the 11-month low of 4.83 per cent in the previous month. With the market repricing the intention of the Fed and RBI to achieve the 4 per cent inflation target, rate cuts will likely be slow and shallow, they said. 

FPIs, FIIs continue selling spree amid uncertainties in Indian markets
New Delhi: Indian markets have witnessed aggressive selling by Foreign Portfolio Investors (FPIs) in May, with a staggering amount of ₹17,082 crore as per data by National Securities Depository Limited.

DBS Bank India plans to double small business book in 3 years
Mumbai : Having achieved its target of a billion-dollar book in the small business segment, DBS Bank India now plans to double its exposure in three years, a senior banker said, underscoring the lender’s optimism around a sector that contributes nearly 30% to the gross domestic product (GDP) and is a significant job creator.

India's private capex not secular across industries, says HSBC's Malhotra
Mumbai: India’s private capex or capital expenditure—a key component of economic growth—is not secular across sectors with a few, such as heavy industries, drawing more attention than the rest, said a senior banker at HSBC India.

GreenCell gets INR 300 cr credit from Sumitomo Mitsui Bank for UP e-bus project

Citi targets clients with a ‘digital nexus’, high transaction volumes

Carlyle Group sells 2% stake worth Rs 1,442 crore in YES Bank via block deal

American Express opens its largest office worldwide in India

Foreign banks seek leeway on LEF rules for Nostro accounts

Two foreign banks optimistic on BJP show

RBI leaves investment limits on foreign portfolio investors unchaged for 2024-25

Japan's MUFG mulls sweeter offer for India's HDB Financial, Bloomberg News reports

HSBC Geneva leak: ITAT says data is old, bank balance can't be taxed

AdaniConneX in talks with banks to raise $900-950 million

ANZ Bank in talks with Australia Pensions on India investments

Panic-struck FPIs ramp up bearish futures bets overnight
Mumbai: Foreign institutional investors (FIIs) in Indian markets seem to have pressed the panic button.

JSW Steel raises $900-million loan from eight foreign banks

NBD Emirates, Mizuho Bank eye KKR’s stake in Avendus Capital
Japan’s Mizuho Bank and Dubai’s government-owned NBD Emirates are frontrunner to take over KKR’s stake in Avendus Capital. The two foreign investors are said to be at advanced stages of due diligence and are expected to submit their bids in the next 2 – 3 weeks. The deal is said to be valued at approximately $430–450 million (₹3,500–3,750 crore), which is slightly lower than KKR’s earlier anticipated valuations of $500 million. Nomura is said to have been engaged to handle the mandate.

Our India deal pipeline for 2024 is $5 bn, volumes have ramped up unprecedently: Jean Salata, EQT Chairman

Morgan Stanley Q1 Results: Profit rises as investment banking rebounds

Rupee-rouble settlement volume up seven times from 2022: Sberbank

Realty co Baashyaam in talks with Standard Chartered Bank to buy Chennai land for ₹800 cr

M&A deal activity set to pick up this year, may touch $75 billion: Ganeshan Murugaiyan, BNP Paribas

Japan's MUFG may cut $2b cheque for 20% in HDB Financial Services

DCM Shriram gets Rs 100 cr sustainable finance from Standard Chartered Bank

HSBC takes $1 billion hit from Argentina sale as Asia pivot continues
HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the business, which covers banking, asset management and insurance, to Argentina’s fifth largest bank Grupo Financiero Galicia for $550 million, the British bank said.

Citigroup buys shares of two banks for Rs 222 crore