Fairfax Proposes IDBI Bank Merger with Digit and IIFL Capital
Fairfax plans to integrate IDBI Bank, Digit, and IIFL Capital into a unified financial services platform, proposing N.S. Kannan as Chairman to lead the conglomerate.
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UPI Players Pivot to Merchant Services and Embedded Lending
UPI payment firms are shifting focus from transaction fees to high-margin merchant services, including MSME lending and automated reconciliation tools.
Read articleRBI Excludes Paytm Payments Bank from Scheduled Banks List
The Reserve Bank of India has formally removed Paytm Payments Bank from the Second Schedule, marking a final regulatory milestone in the entity's operational wind-down.
Read articleCanara Bank Projects ₹200 Crore Impact from Proposed IRDAI Norms
Canara Bank anticipates up to a ₹200 crore reduction in distribution income following proposed IRDAI commission reforms, signaling a shift for bancassurance models.
Read articleIndian Corporates Pivot to Bank Loans Amid Rising Bond Yields
Rising bond borrowing costs are driving Indian NBFCs and wholesale sectors back to bank credit, reshaping the corporate lending landscape for the current fiscal year.
Read articleFairfax IDBI Bid Forces Strategic Pivot for CSB Bank
Fairfax’s ₹52,878 crore acquisition of IDBI Bank triggers regulatory requirements for its CSB Bank stake, necessitating a choice between a merger or a significant divestment.
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