BofA will initially acquire 26.5 per cent of Jio Credit, with its holding rising to 49.9 per cent upon exercising warrants, subject to regulatory and statutory approvals
Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team
The autonomous banking platform will use the funds for research and development and expansion into Australia and New Zealand, while strengthening its private AI capabilities
The new facility in Gujarat's GIFT City will deliver AI-led solutions for financial services while supporting technology innovation and industry-academia collaboration
Total income, excluding dividend income, rose 141 per cent YoY to Rs 1,496 crore. Including dividend income, profit before tax more than doubled to Rs 970 crore, up 131 per cent from a year earlier
The South Korean financial services firm will invest through compulsorily convertible preference shares to support Choice Equity Broking's expansion plans
The RBI Integrated Ombudsman Scheme, 2026, introduces higher compensation, shorter complaint timelines and a streamlined grievance process for customers of regulated entities
The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries
The Aditya Birla Group's financial services arm will use the capital raised from promoters and IFC to strengthen lending businesses and accelerate digital growth initiatives
India's outward FDI surged in March, with economists attributing the spike to uncertainty and structural shifts, even as long-term trends remain stable
Annual investments in India by IFC, the private-sector arm of the World Bank Group, have risen to about $5.4 billion in 2024-25 from about $1.3 billion in financial year 2021-22
