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Nupur Anand

UPDATE 3-General Atlantic, Silver Lake co-investors buy stakes in Reliance's retail arm

30 Sep 2020

MUMBAI/BENGALURU, Sept 30 India's Reliance Industries Ltd said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, while Silver Lake co-investors will also buy a stake.

Dhanlaxmi Bank shareholders vote to oust chief executive

30 Sep 2020

MUMBAI Shareholders of regional lender Dhanlaxmi Bank ousted its chief executive at its annual general meeting on Wednesday, the bank said in a regulatory filing.

Dhanlaxmi Bank shareholders vote to oust chief executive

30 Sep 2020

MUMBAI, Sept 30 Shareholders of regional lender Dhanlaxmi Bank ousted its chief executive at its annual general meeting on Wednesday, the bank said in a regulatory filing.

Paytm executive says India's secondary listing plan would be undue burden

23 Sep 2020

NEW DELHI India's potential plan to compel companies to do a secondary listing on an Indian stock exchange if they opt to first list on an overseas bourse would unfairly penalise Indian firms, according to a senior executive at fin-tech company Paytm.

Eye-watering problem: Indian optician's claim threatens nation's banks

18 Sep 2020

AGRA, India When business evaporated at Gajendra Sharma's eyeglass shop a couple of miles from the Taj Mahal during India's strict COVID-19 lockdown, he was relieved to hear about a pandemic debt moratorium that would give him breathing room on his home loan.

India pushes state-run banks to step up loans to street vendors, say sources

08 Sep 2020

MUMBAI Banks in Madhya Pradesh are scrambling to boost lending to street vendors in a bid to bolster numbers ahead of a visit this week by Prime Minister Narendra Modi, according to sources and letters seen by Reuters.

RBI outlines guidelines on debt resolution for stressed sectors

07 Sep 2020

MUMBAI A committee set up by the Reserve Bank of India (RBI) to make recommendations on restructuring loans for the Indian banking sector has submitted its report and it has been broadly accepted, the RBI said.

Amazon's new offerings make India centre of fintech push

02 Sep 2020

NEW DELHI/MUMBAI Amazon.com Inc has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty programme in a battleground growth market.

Indian farmers driven to debt as banks turn risk-averse during pandemic

27 Aug 2020

MUMBAI Last month, Dnyaneshwar Siddhanth, a farmer from Maharashtra, was in desperate need of money to buy seed and fertilizer as the monsoon sowing season approached.

Indian farmers driven to debt as banks turn risk-averse during pandemic

27 Aug 2020

MUMBAI, Aug 27 Last month, Dnyaneshwar Siddhanth, a farmer from India’s western state of Maharashtra, was in desperate need of money to buy seed and fertilizer as the monsoon sowing season approached.

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