Cabinet okays govt equity infusion of Rs 6,000 crore in NIIF Debt Platform \
13 min read
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Cabinet okays govt equity infusion of Rs 6,000 crore in NIIF Debt Platform

25-Nov-2020
New Delhi [India], November 25 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi has given its approval to the proposal for equity infusion by the government of Rs 6000 crores in NIIF Debt Platform sponsored by National Investment and Infrastructure Fund (NIIF), comprising Aseem Infrastructure Finance Limited (AIFL) and NIIF Infrastructure Finance Limited (NIIF-IFL).
25-Nov-2020 National
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RXIL’s First Trade Credit Insurance Transaction in Sandbox with Tata AIG, ICICI Bank and YES Bank \
5 min read
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RXIL’s First Trade Credit Insurance Transaction in Sandbox with Tata AIG, ICICI Bank and YES Bank

25-Nov-2020
Mumbai (Maharashtra) [India], November 25 (ANI/ NewsVoir): Receivables Exchange of India Ltd. (RXIL) recently initiated a Trade Credit Insurance (TCI) backed transaction with Tata AIG as the insurer and ICICI Bank, YES Bank as the financiers in Sandbox environment.
25-Nov-2020 Business
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Indian NBFCs’ asset quality remains vulnerable: Moody’s \
2 min read
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Indian NBFCs’ asset quality remains vulnerable: Moody’s

23-Nov-2020
New Delhi [India], November 23 (ANI): Moody's Investors Service on Monday said in a new report that although loan collections improved at the rated Indian non-bank finance companies (NBFCs) like Indiabulls Housing Finance Limited and IIFL Finance Limited, the loan delinquencies will inevitably increase, pressuring asset quality.
23-Nov-2020 Business
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What Singapore analysts say about DBS takeover of Lakshmi Vilas Bank \
8 min read
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What Singapore analysts say about DBS takeover of Lakshmi Vilas Bank

23-Nov-2020
Singapore, November 23 (ANI): Last week, news emerged that DBS Bank (DBS), Southeast Asia's largest lender, has proposed to fold Indian Bank Lakshmi Vilas Bank (LVB) into its Indian subsidiary, DBS Bank India Limited (DBSIL).
23-Nov-2020 Business
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Lakshmi Vilas Bank has enough liquidity to pay its depositors: RBI-appointed administrator TN Manoharan \
5 min read
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Lakshmi Vilas Bank has enough liquidity to pay its depositors: RBI-appointed administrator TN Manoharan

18-Nov-2020
New Delhi [India], November 18 (ANI): Trying to allay fears of Lakshmi Vilas Bank's (LVB) customers Reserve Bank of India (RBI) appointed administrator for Lakshmi Vilas Bank (LVB), TN Manoharan on Wednesday said he was confident about the timely merger of the bank with DBS Bank of India (DBIL) and assured depositors that their money was in safe hands.
18-Nov-2020 Business
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Lakshmi Vilas Bank to be Merged with DBS Bank India Ltd as RBI Proposes Amalgamation \
3 min read
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Lakshmi Vilas Bank to be Merged with DBS Bank India Ltd as RBI Proposes Amalgamation

18-Nov-2020
The central government, on Tuesday, announced that the Lakshmi Vilas Bank (LVB) has been brought under moratorium, effective from 6 pm on November 17 till December 16. RBI announced a draft scheme for the amalgamation of LVB with DBS Bank India Ltd. (BDIL), a subsidiary of DBS Group Holdings Limited and added, "DBIL has a healthy balance sheet, with strong capital support."
18-Nov-2020 National
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Embassy REIT announces Rs 98 billion ($1.3 billion) acquisition of Embassy TechVillage \
6 min read
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Embassy REIT announces Rs 98 billion ($1.3 billion) acquisition of Embassy TechVillage

17-Nov-2020
Bengaluru (Karnataka) [India], November 17 (ANI/BusinessWire India): Embassy REIT, India's first publicly listed REIT, announced today that it has agreed to purchase Embassy TechVillage assets ("ETV") from affiliates of Embassy Sponsor, Blackstone Sponsor and other selling shareholders for a total consideration of Rs 97,824 million ($1.3 billion), subject to Unitholder and regulatory approvals.
17-Nov-2020 Business
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Retail inflation moves up to 7.61 per cent in October \
2 min read
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Retail inflation moves up to 7.61 per cent in October

12-Nov-2020
New Delhi [India], November 12 (ANI): The retail inflation worsened to 7.61 per cent in October as compared to 7.27 per cent last month and the Consumer Food Price Index (CFPI) jumped to 11.07 per cent in October up from 10.68 per cent in September.
12-Nov-2020 National
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RBI predicts strong likelihood of Indian economy returning to positive growth in Q3: Sitharaman \
2 min read
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RBI predicts strong likelihood of Indian economy returning to positive growth in Q3: Sitharaman

12-Nov-2020
New Delhi [India], November 12 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday said that the Reserve Bank of India (RBI) has predicted a strong likelihood of the Indian economy returning to positive growth in Q3:2020-21.
12-Nov-2020 Business
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EPFO-Linked Atmanirbhar Bharat Rozgar Yojana Launched by FM to Boost Employment & Create Jobs \
3 min read
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EPFO-Linked Atmanirbhar Bharat Rozgar Yojana Launched by FM to Boost Employment & Create Jobs

12-Nov-2020
Union Finance Minister Nirmala Sitharaman addressed the media on Thursday. The stimulus announcement came with an attempt to revive the stressed sectors impacted by COVID-19 Just ahead of Diwali 2020.
12-Nov-2020 National
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