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IOB joins Malaysian joint venture - Friday, July 04, 2008 |
The proposed JV of three state-run banks to open a bank in Malaysia has taken a new twist, with Indian Overseas Bank joining Bank of Baroda and Andhra Bank by replacing Punjab National Bank.
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BoB to launch wealth management services in Gulf - Friday, July 04, 2008 |
Public sector lendor, Bank of Baroda (BoB) has announced that it would be offering wealth management services in the United Arab Emirates (UAE), and its partnership with Reliance Mutual Fund (RMF) marked the beginning of this process.
| | Banks
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IFC to invest USD 15m in Mumbai pharma firm - Friday, July 04, 2008 |
International Finance Corp (IFC), a World Bank subsidiary, will invest $15 million in Mumbai-based pharmaceutical outsourcing company Hikal by way of equity participation.
| | Investment
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ICICI Prudential Life partners with Suvidha Infoserve - Friday, July 04, 2008 |
ICICI Prudential Life Insurance has introduced a unique facility that enables policyholders to make their premium payments through their neighbourhood retail stores.
| | Insurance
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Reliance Money enters Saudi Arabia - Thursday, July 03, 2008 |
Reliance Money, the broking and distribution subsidiary of Anil Dhirubhai Ambani Group, has launched a new company along with Bahrain based Riyada Consulting, marking its entry into Saudi Arabia.
| | NBFCs
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Bharti AXA general insurance receives IRDA nod - Thursday, July 03, 2008 |
Bharti AXA General Insurance has received the certificate of registration by the Insurance Regulatory Development Authority (IRDA) to commence operations.
| | Insurance
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Allahabad Bank, Tata AIG partner for housing loans - Thursday, July 03, 2008 |
Kolkata-based Allahabad Bank has partnered with Tata AIG Life to offer mortgage term loan facilities for housing loan customers of the bank.
| | Banks
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SBI Factors, GTG to merge operations - Thursday, July 03, 2008 |
SBI Factors, a wholly-owned arm of the State Bank of India (SBI), has bought the Exim Bank-promoted factoring company Global Trade Finance (GTF) and expects to merge operations in a year, said a top company official.
| | Banks
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Jacob Ballas plans USD 500m India PE fund - Wednesday, July 02, 2008 |
Jacob Ballas Capital India, a non-banking finance company focused on private equity advisory services, is planning a $500 million India-focused private equity fund.
| | NBFCs
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IDG Ventures invests in Ozone Media - Wednesday, July 02, 2008 |
As part of the investment, Manik Arora and Ritesh Banglani from IDG Ventures India will join the company's board of directors, IDG Ventures said in a release without revealing the amount of investment.
| | Investment
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RBI ties up with Bank of Japan - Wednesday, July 02, 2008 |
The Bank of Japan (BOJ) and the Reserve Bank of India (RBI) have signed a bilateral swap arrangement, which enables both countries to swap their local currencies against the US dollar up to an amount of $3 billion.
| | Banks
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State Bank introduces 'Cash Back' offer - Wednesday, July 02, 2008 |
State Bank of India has introduced a 'Cash Back' for its debit card holders across the country from July 1 to August 31.
| | Banks
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