Category : Banking


Kotak Bank Exits IDBI Bank Acquisition Race

Kotak Mahindra Bank denies submitting a financial bid for IDBI Bank, leaving the government's divestment plan reliant on foreign investors like Fairfax India and Emirates NBD.

EPFO May Link Fund Manager Pay to Performance

The EPFO is evaluating a proposal to tie fund manager incentives to returns, part of a new benchmark methodology for debt investments. The move aims to optimize performance for its Rs 30 lakh crore assets.

Investors Shift to Smaller Stocks Amid AI Doubts

Investors are rotating into cheaper, smaller companies and equal-weighted indexes as doubts over AI returns and legacy business impacts grow, driving a market broadening beyond tech giants.

Top Indian Firms Gain Rs 4.55 Lakh Crore in Market Value

Eight of India's top 10 most valued companies saw their combined market capitalization surge by Rs 4.55 lakh crore last week, led by Reliance Industries. The rally tracked strong equity performance, while IT giants TCS and Infosys faced valuation declines

MSIL Goes Digital with Chits, Eyes Rs 5,000 Cr Turnover

Maharashtra State Industrial and Investment Corporation of India Limited (MSIL) has launched a digital platform for its chit fund business, aiming to achieve a turnover of Rs 5,000 crore by 2025. This strategic move enhances accessibility and transparency

SBI Raises FY26 Loan Growth Guidance to 13-15%

State Bank of India has increased its loan growth forecast for FY26, citing robust corporate credit rebound and benefits from recent trade agreements. The bank reported strong Q3 results with a 24.5% profit surge.

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