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TVS, other investors keen to buy into Jana Small Finance Bank
Jana Small Finance Bank is poised for a significant capital infusion. The TVS Venu Group plans to acquire a 10% stake. Several other investors are also lining up to invest. This marks Jana's first equity raise since going public. The bank's capital adequacy ratio remains strong. TPG Capital may partially reduce its holding.
CBI raids multiple locations in Haryana bank scam probe, seizes digital evidence
The Central Bureau of Investigation has conducted searches in Chandigarh and Panchkula concerning a Haryana bank scam. Financial records and digital evidence were seized. Officials from IDFC First Bank and AU Small Finance Bank allegedly colluded with Haryana government public servants to misappropriate funds. Sixteen individuals have been arrested as the investigation is expedited.
TVS Group eyes stake in Jana Small Finance Bank through preferential route: Exclusive
CNBC-TV18 had first reported on May 6 in its D-Street Chatter segment that Jana Small Finance Bank was evaluating a potential capital raise. CNBC-TV18 has reached out to both Jana Small Finance Bank and the TVS Group for a comment. While Jana SF did not offer any comment on the story and TVS Group's response is awaited.
Five Stocks To Buy Or Sell: TCS, IDFC First Bank, BHEL, Tata Consumer, And More
Top picks include bullish setups in BHEL, Tata Consumer, and Suprajit Engineering, alongside tactical short positions in TCS and IDFC First Bank.
IDFC First Bank fraud case: ED arrests 2 former employees in Rs 645 crore embezzlement probe
Chandigarh has witnessed a major development as the Enforcement Directorate has apprehended two ex-IDFC First Bank staff amidst a sweeping inquiry into money laundering activities. The individuals are under scrutiny for allegedly embezzling a colossal Rs 590 crore from the Haryana government's coffers, reportedly utilizing ghost companies to make the money disappear.
ED Arrests Two Former IDFC First Bank Employees For Alleged Embezzlement Of Rs 590 Crore In Haryana State Funds
The investigation conducted so far detected embezzlement of public funds amounting to Rs 645 crore.
Rethinking ‘idle money’ in a rising rate environment
Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades 200 points lower; Indian Hotels in focus
The Nifty failed to cross 24,000 intraday and that will be the first level to watch on the upside. For the Nifty Bank, 54,000 - 55,000 is the range for the index. Among things to watch will be any follow-up selling pressure in jewellery and tourism stocks, along with result reactions from names like Syrma SGS, Anant Raj and of course, a potential block deal in Groww.
Brazil’s central bank buys dollars in futures market for first time in decade - Investing.com India
Brazil’s central bank buys dollars in futures market for first time in decadeInvesting.com India
Trade Setup for May 7: Nifty bulls aim to capitalise on hope rally for a push towards 24,800
Meanwhile, the Bank Nifty index broke out of its recent consolidation range of 54,222-55,602 and closed above its 20-day EMA for the first time since April 27.
Global Earnings | HSBC reports flat first-quarter profit; expects further credit loss
HSBC Holdings saw flat first-quarter profits. Higher credit loss charges in the UK and provisions for Middle East conflict impacted earnings. The bank anticipates more credit losses this year. This is due to a worsening economic outlook and a significant charge for a UK investment bank exposure. HSBC has revised its credit charge forecast upwards for 2026.
Axis Bank opens its first digital locker-focussed branch
Axis Bank has opened its first digital locker branch in New Delhi. This new facility aims to provide advanced security and customer experience through automated locker services. The bank is responding to a growing demand for safe deposit lockers, especially in urban areas. Industry estimates predict a significant increase in locker requirements by 2030.