SBI Life Insurance experienced a 7% decrease in net profit during the second quarter of FY26, largely because of rising costs. Nevertheless, there's a silver lining as the Annualised Premium Equivalent surged by 10%.
The Securities and Exchange Board of India has issued a directive. Mutual funds can no longer invest in pre-IPO share placements. They are now restricted to participating only in the anchor investor portion or the public issue of an initial public offering. This clarification aims to prevent mutual funds from holding unlisted shares.
Indian banks can now finance company acquisitions. The Reserve Bank of India has released draft rules for this. Target companies must be listed, profitable, and have a good net worth. Banks will face exposure limits. These new guidelines aim to expand capital market lending for Indian corporates. Feedback is invited until November 21.
In a significant move, global investment giant Blackstone has allocated more than six thousand crore rupees to Federal Bank, officially becoming the largest shareholder in the Kerala-based institution. This landmark deal highlights the increasing appetite of foreign investors for India's burgeoning financial landscape.
October brought a refreshing wave of optimism as foreign investors rekindled their interest in Indias financial services, funneling impressive amounts of money back into the market after a dry spell of outflows. This shift is primarily spurred by stronger-than-anticipated results from banks and an encouraging outlook for public sector banking.
In a bid to smooth over trade tensions, key economic leaders from the United States and China have convened in Kuala Lumpur. Their discussions are essential as they pave the way for an anticipated summit between President Trump and President Xi.
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank.
Around a dozen Starbucks baristas gathered on Friday to march in front of one of the chains locations in Aurora, kicking off a series of Illinois-based pickets in the coming days as unionized employees at stores across the country vote on whether to initiate a strike.
