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MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory…
New Delhi: India has agreed to allow EU banks to open 15 branches over four years, while binding foreign direct investment in insurance at 100%, the newly liberalised ceiling, in return for a more stable visa regime for its employees and professionals working in member countries.A relaxation on bank branches was not given to the…
India’s gold loan market is gearing up for strong expansion, with non-bank lenders preparing to open around 3,000 dedicated branches over the next year to meet rising demand. The market, which is largely led by public-sector banks, grew 36% year-on-year to Rs 14.5 lakh crore by the end of September.According to sector heads quoted by…
State Bank of India (SBI) has bolstered its footprint in Tamil Nadu with the inauguration of 14 new branches, two Home Loan centres, two modern Rural Self Employment Training Institutes, and 110 Gram Panchayat camps, a press release said on Sunday.SBI Chairman Challa Sreenivasulu Setty, during his visit to the bank’s local head office in…
