Aparna Iyer
Stories by Aparna Iyer
Former Deutsche Bank co-head Anshu Jain bats for wholesale NBFCs in India
Non-banking finance companies (NBFC) providing wholesale funding are critical to the Indian lending ecosystem, especially when banks cannot meet credi
UK reinsurer Lloyd’s to launch India operations in 2017
Lloyd’s will not go aggressive on syndicates and initially have only a couple, says chairman John Nelson
India: Samvardhana Motherson raises $300m through dollar bond sale
The bonds were priced at 4.875%—significantly lower than initial guidance of 5.25% given by the arrangers
India: Tech Mahindra latest to drop plan for payments bank
Tech Mahindra is the third entity to drop plans for a payments bank after Cholamandalam Investment and the trio of Dilip Shanghvi, IDFC Bank and Telen
HSBC to close nearly half its India branches, focus on digital banking
“This change reflects changes in customer behaviour, who are increasingly using digital channels for their banking,” HSBC said in a statement.
With SBI mega merger, India may soon have a global Top 50 bank
A merger would create a banking behemoth with a balance sheet size of Rs 37 trillion, SBI chairman Arundhati Bhattacharya said. That would be more tha
Royal Bank of Scotland to shut India operations, begins closure of branches
Royal Bank of Scotland Plc (RBS) will wind up its corporate, retail and institutional operations in India and shut its 10 retail branches, as it exits
India: Gold loan firm Muthoot Finance seeks second shot at bank licence
RBI on Thursday released draft guidelines for providing bank licences on tap, in which the central bank said that NBFCs and experienced individuals ca
India: RBI proposes on-tap universal bank licences, bars conglomerates
Since Rajan took over in 2013, RBI has licensed two universal banks, 11 payment banks and 10 small finance banks. It has also floated the idea of allo
India: RBI governor Rajan bats for easier startup norms
“We need a cheap and quick exit policy for businesses,” said Rajan, adding that sometimes, the better answer for a small firm is to close down and
