By Suvashree Ghosh Bloomberg
- All
- News
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BlockAura Crypto Coin Cracks After Attracting Indians With 3,100 Percent Returns
BlockAura, a crypto coin that many Indians have invested in, surged 3,100 percent over the past eight months. Many investors in India are betting crypto is the quickest way to get rich, lured by a raft of startups promising yields as high as 25 percent a month. Here's how a tumble in the value of the crypto coin could affect Indian investors.
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No Future: Analysts Weigh In On New Luna Tokens' Prospects
Since the backers of the failed Terra blockchain launched a new digital token to compensate investors burned by one of cryptos biggest busts, the blows have kept coming.
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Schroders' $32 Billion India Partner, Axis Asset Management, Faces SEBI Probe
The Indian partner of global money manager Schroders Plc is under investigation by the countrys capital markets regulator for alleged front-running by two of its officials, according to people familiar with the matter.
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IDFC Bank CEO Gifts $500,000 Of Shares To Chauffeur, Maths Tutor
The chief executive officer of IDFC First Bank Ltd. gifted $530,000 worth of the shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy in India.
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Ready For Larger Stake: Billionaire Brothers Hindujas On IndusInd Bank
Ashok Hinduja said in a statement he's waiting to act until details of the new rules are spelled out by the RBI, which is also the nation's banking regulator.
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Indian Banks Recover Nearly $1 Billion From Vijay Mallya
Banks in India received Rs 71.82 billion ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd, according to a statement by the Enforcement Directorate.
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India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
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India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
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Budget 21: Bad Bank to Handle Record Levels of Soured Debt
Budget 2021: The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by the Finance Minister
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Billionaire Ajay Piramal's Conglomerate Wins Bid For Bankrupt Shadow Lender DHFC
A resolution plan for Dewan from Piramal Enterprises' own shadow bank, Piramal Capital & Housing Finance was approved by Dewan's committee of creditors in a vote on Friday
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RBI Warns Bad Loans, Soaring Markets Threaten Financial Stability
The non-performing asset ratio is forecast to rise to 13.5% by the end of September from 7.5% a year ago, the Reserve Bank of India said
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DBS To Rescue Lakshmi Vilas Bank, First Such Move By A Foreign Lender
Singapore-based DBS's Indian unit will pump in Rs 25 billion ($336 million) in fresh capital, the central bank said in a statement on Tuesday.
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"As Easy As Sending Message": Zuckerberg As WhatsApp Pay Starts In India
WhatsApp has the potential to compete with the leaders and reshape digital payments in India -- a market slated to grow to $1 trillion by 2023.
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Billionaire Uday Kotak Could Be Hit By Plan To Cap CEO Tenures
RBI has proposed a 10-year limit on bank founders remaining in the roles of CEO or full-time director
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Government, RBI Try To Cushion An Economy In Slump Even Before COVID-19
A series of steps announced this year aim to encourage banks to lend. Measures announced by the Reserve Bank of India since early February inject cash equivalent to 3.2% of the country's gross domestic output.
-
BlockAura Crypto Coin Cracks After Attracting Indians With 3,100 Percent Returns
BlockAura, a crypto coin that many Indians have invested in, surged 3,100 percent over the past eight months. Many investors in India are betting crypto is the quickest way to get rich, lured by a raft of startups promising yields as high as 25 percent a month. Here's how a tumble in the value of the crypto coin could affect Indian investors.
-
No Future: Analysts Weigh In On New Luna Tokens' Prospects
Since the backers of the failed Terra blockchain launched a new digital token to compensate investors burned by one of cryptos biggest busts, the blows have kept coming.
-
Schroders' $32 Billion India Partner, Axis Asset Management, Faces SEBI Probe
The Indian partner of global money manager Schroders Plc is under investigation by the countrys capital markets regulator for alleged front-running by two of its officials, according to people familiar with the matter.
-
IDFC Bank CEO Gifts $500,000 Of Shares To Chauffeur, Maths Tutor
The chief executive officer of IDFC First Bank Ltd. gifted $530,000 worth of the shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy in India.
-
Ready For Larger Stake: Billionaire Brothers Hindujas On IndusInd Bank
Ashok Hinduja said in a statement he's waiting to act until details of the new rules are spelled out by the RBI, which is also the nation's banking regulator.
-
Indian Banks Recover Nearly $1 Billion From Vijay Mallya
Banks in India received Rs 71.82 billion ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd, according to a statement by the Enforcement Directorate.
-
India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
-
India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
-
Budget 21: Bad Bank to Handle Record Levels of Soured Debt
Budget 2021: The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by the Finance Minister
-
Billionaire Ajay Piramal's Conglomerate Wins Bid For Bankrupt Shadow Lender DHFC
A resolution plan for Dewan from Piramal Enterprises' own shadow bank, Piramal Capital & Housing Finance was approved by Dewan's committee of creditors in a vote on Friday
-
RBI Warns Bad Loans, Soaring Markets Threaten Financial Stability
The non-performing asset ratio is forecast to rise to 13.5% by the end of September from 7.5% a year ago, the Reserve Bank of India said
-
DBS To Rescue Lakshmi Vilas Bank, First Such Move By A Foreign Lender
Singapore-based DBS's Indian unit will pump in Rs 25 billion ($336 million) in fresh capital, the central bank said in a statement on Tuesday.
-
"As Easy As Sending Message": Zuckerberg As WhatsApp Pay Starts In India
WhatsApp has the potential to compete with the leaders and reshape digital payments in India -- a market slated to grow to $1 trillion by 2023.
-
Billionaire Uday Kotak Could Be Hit By Plan To Cap CEO Tenures
RBI has proposed a 10-year limit on bank founders remaining in the roles of CEO or full-time director
-
Government, RBI Try To Cushion An Economy In Slump Even Before COVID-19
A series of steps announced this year aim to encourage banks to lend. Measures announced by the Reserve Bank of India since early February inject cash equivalent to 3.2% of the country's gross domestic output.
