Siddhi Nayak
Stories by Siddhi Nayak
India’s Punjab National Bank to close planned share sale to large investors: CEO
India's banks are boosting their capital base to meet a rising demand for loans.
India’s IIFL Finance faces liquidity crunch after RBI curbs on its gold loans business: report
Banks have stopped lending to IIFL Finance's gold and other businesses.
India’s Go First lenders weigh liquidation after court allows lessors to take back planes
The airline owes a total of $781m to its creditors including Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.
India’s Tata Group seeks waiver from listing NBFC
Tata Sons must be listed on or before September 2025 to adhere to an RBI regulation.
Paytm gets third-party app licence to facilitate payments after banking unit ceases ops
Paytm Payments Bank ceases operations by March 15.
India’s Paytm banking arm to lay off about 20% staff as closure looms
The unit had 2,775 employees as of December 2023, data from information provider Tracxn show.
India’s payments authority may grant third-party app licence to Paytm this week
The licence will allow customers to continue using the Paytm app for payments through UPI.
India’s Paytm may partner with four banks for enabling UPI transactions: report
Paytm is likely to partner Axis Bank, HDFC Bank, SBI, and Yes Bank.
Bankrupt Indian airline Go First said to receive two financial bids
Budget carrier SpiceJet's MD, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million).
India agency seeks details of overseas transactions from Paytm Payments Bank
“This is a preliminary examination,” one of the government sources told Reuters.
