Emerald Finance Partners with Ace Financials for Early-Wage-Access Program
Emerald Finance has entered into a strategic partnership with Ace Financials to provide an Early-Wage-Access (EWA) program for employees in Zirakpur, Punjab. This initiative allows staff to access salary advances that are later recovered via payroll deductions, supporting the company's retail expansion.
IndusInd Bank Launches OD and Cash Credit Linked Corporate Credit Card for Businesses
IndusInd Bank has introduced a specialized Corporate Credit Card directly linked to existing Overdraft (OD) and Cash Credit (CC) accounts. This product enables businesses to utilize sanctioned working capital limits for digital payments without maintaining separate credit lines or billing cycles.
IndusInd Bank and Navi UPI Partner to Deploy New Payment Switch for Digital Infrastructure
IndusInd Bank has entered into a strategic partnership with Navi UPI to strengthen the technology infrastructure supporting digital payments. The collaboration involves deploying a new UPI payment switch to process and route transactions with enhanced resilience and scalability.
ICICI Prudential AMC Receives RBI Approval for 9.95% Stake in Four Private Banks
ICICI Prudential Asset Management Company has secured regulatory clearance from the Reserve Bank of India to increase its aggregate holding in four major private sector banks. The approval allows the AMC to acquire up to 9.95% of the paid-up equity capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank, CSB Bank, and DCB Bank.
Niyogin Fintech Partners with Sammaan Capital for ₹500 Crore MSME Lending Portfolio
Niyogin Fintech Limited has announced a strategic partnership with Sammaan Capital to develop a lending portfolio of up to ₹500 Crore. The collaboration will leverage Niyogin's technology stack and Sammaan's balance sheet depth to provide credit to underserved MSMEs across India over the next three years.
RBI Approves ICICI Prudential AMC to Acquire Up to 9.95% Stake in AU Small Finance Bank
AU Small Finance Bank has secured regulatory approval from the Reserve Bank of India for ICICI Prudential Asset Management Company to increase its aggregate holding to 9.95%. This approval covers various schemes including mutual funds, AIFs, and PMS clients, reinforcing institutional interest in the bank.
DCB Bank Receives RBI Approval for ICICI Prudential AMC to Acquire Up to 9.95% Stake
The Reserve Bank of India has granted approval to ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in DCB Bank Limited. This regulatory clearance follows a formal application by the AMC and remains subject to compliance with the Banking Regulation Act.
RBI Grants Approval to ICICI Prudential AMC for 9.95% Stake Acquisition in CSB Bank
The Reserve Bank of India has authorized ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in CSB Bank Limited. This regulatory clearance allows the asset manager to increase its stake through paid-up share capital or voting rights, contingent upon compliance with the Banking Regulation Act.
Gretex Corporate Services Expands Reach; Subsidiary Opens New Ahmedabad Branch
Gretex Corporate Services Limited has announced the opening of a new branch office in Ahmedabad through its material subsidiary, Gretex Share Broking Limited. This expansion is part of the company's strategy to strengthen its presence in key financial markets and support its growing merchant banking operations.