Trending: Dec 19- Dec 26 : RBL Bank raises Rs 488 crore via pre-IPO preferential placement - Economic Times

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RBL Bank raises Rs 488 crore via pre-IPO preferential placement The latest round of fundraising values the Kolhapur-headquartered bank, formerly known as the Ratnakar Bank Limited, at nearly Rs 6,500 crore. Micromax partners with TranServ to foray into mobile wallet business Micromax Informatics in collaboration with TranServ has launched new mobile wallet service in India Illegal remittances racket operating through Bank of Baroda minted Rs 6,000 crore? It was also alleged that the amount remitted in each transaction would be kept at less than $100,000, CBI said. ONGC flirts with losses as crude price nears its production cost Explorer’s proposed `50,000 cr investment in KG basin and enhanced oil recovery plans under threat Bitcoin's 'blockchain' tech may transform banking The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionise… RBI plans guidelines for peer-to-peer lending The Reserve Bank of India is working on guidelines for peer-to-peer lending arrangements offered by online platforms, according to its deputy governor, R Gandhi. Indian economy to grow over 8% this fiscal: Niti Aayog's Arvind Panagariya Buoyed by the improved second quarter GDP numbers, Niti Aayog Vice Chairman Arvind Panagariya today said the economy will grow over 8 per cent this fiscal. Chinese muscle in on India's smartphones market : Report The Chinese are generally described as focused, hard working and quick to seize an opportunity. This does seem so in the Indian smartphone market.From four to five per cent a few years ago, cumulatively leading Chinese smartphone brands now corner a CommVault in talks with Reliance Jio for 4G data protection RJio logs into biggest broadband cable system - The 20,000 km-long Asia Africa Europe One submarine cable system has 32-40 terrabit per second capacity against the Bharti's cable system consortium of 3.84 tbps SIDBI VC invests in cash management startup RCI; plans to use the fund to expand its services to banks and ATM service providers RCI, which currently provides cash replenishment services covering about 5,000 ATMs, is aiming to expand it to 45,000 ATMs in the next few years. Distressed loan buyers muddy India's bad debt picture Asset reconstruction companies are choked by restrictive ownership rules that have made them less attractive investments Small investors in dark over Sahara’s latest shadow banking schemes Sahara agents are trying to get investors in older Sahara savings plans to switch into the new credit cooperative schemes Vodafone India plans 4G in metros by March 2016 Its the next generation network that is making Indian Telecom users fast and upgraded. After 3G, Indian Telecom users are now enjoying the services of 4G. Though Airtel is the first in this regard to launch the 4G in India, later on all the other Telecom companies are bringing in the 4G services for their … Lesser Known Benefits Internet Companies Draw from Coupons & Cashback Partners eCommerce business is seeing a persistent growth in India and is expected to reach $8.5 billion with a growth rate of 63% by 2016. Vivo invests Rs 125 crore to set up India mobile manufacturing unit The company kicked off production of three smartphones — Y11, Y21 and Y15S — from its handset manufacturing unit in Greater Noida, Uttar Pradesh. Magnetic Haryana: Walmart to open stores, Micromax plans manufacturing facility in Haryana Wal Mart India Private Ltd president and CEO Krish Iyer met Haryana chief minister Manohar Lal Khattar to share plans to open its chain of stores in the state. Is it time to sack your bank? Has your bank suggested an investment or financial product to you recently? There’s a 60% chance that the product will not suit your needs. Foreign investment in financial services more than doubles Deals worth $3.8 billion closed in the sector in 2015, up from $1.6 billion in 2014 Recovery in capex still far away Companies continue to operate at low capacity utilization levels; await clearer signals of a recovery in demand As net neutrality debate heats up again, savetheinternet.in returns The net neutrality debate is heating up again. Nearly a week after Facebook launched its controversial "Save Free Basics" campaign on the social network. China Mobile builds world's largest 4G network China Mobile has built the world's largest 4G network, according to a media report. Spice Digital's SpiceMudra records Rs 200 crore of transactions in 3 months SpiceMudra, a prepaid payment wallet service developed by Spice Digital, has recorded Rs 200 crore of transactions in just three months. Tax-free bonds and select debt mutual funds see big demand; banks lose Rs 40,000 cr net in a fortnight Depositors have pulled out a net Rs 40,000 cr from banks since the fortnight ended October 2, which began immediately after the RBI lowered its policy rates by 50 bps. Indian economy to more than double to $5 trillion in 10 years: Jayant Sinha Jayant Sinha said that the size of the Indian economy will more than double to USD 5 trillion if 7 per cent growth rate is sustained for next 10 years. Why banks resort to misselling Commissions from sale of third-party products are important for banks’ profitability. Hence, the strong sales push Banks to raise provisioning for another bank’s NPAs Banks are required to make a small (well below 1%) provisioning on standard loans, but have to progressively raise the provisioning amount with time. 3 partners quit Helion, may start a new fund Three of the six partners at one of the country's oldest home-grown venture funds Helion Venture Partners - which is an investor in companies like Big Basket, Shopclues, TaxiForSure, MakeMyTrip and redBus, among others - have decided to quit and may look to start their own fund, people privy to the matter told TOI. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India