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IndusInd Bank has participated in various sports-related initiatives through its non-banking division, IndusInd For Sports. In August 2024, the bank formed a partnership with the Paralympic Committee of India to serve as the Official Banking Partner for the Paris 2024 Paralympic Games, which were held from August 28 to September 8 in Paris ...
Indiabulls Real Estate was demerged from the company in 2006, [7] and Indiabulls Securities in 2008. [ 8 ] In 2013, Indiabulls Financial Services reverse merged with its wholly-owned subsidiary, Indiabulls Housing Finance, to form the flagship company of the group.
The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India, it was not the first though. That honour belongs to the Bank of Upper India, which was established in 1863 and survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla.
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
The plan was to build the plant along the Gulf of Kutch, an inlet of the Arabian Sea that provides a living for fishing clans that harvest the coast’s rich marine life. Tata assured the World Bank Group, which was putting up $450 million to help finance the project, that there was little reason to worry about the giant plant’s impact on ...
Recent troubles at mid-sized banks across the US have boiled down to one core issue: Uninsured depositors, afraid of losing everything, take their money and run at the first sign of trouble.
In Nov 2015, SKS Microfinance Ltd has cut interest rates by one percentage point to 19.75% on the loans it offers to low-income women borrowers, making it the sole Indian microlender to offer loans at a rate below 20%.The move came after Reserve Bank of India (RBI) decided to double the borrower limit for microfinance loans for less than 24 months.
The boss of the nation's sixth-largest lender is making it clear that his bank needs to get even bigger in the wake of the industry's 2023 crisis. Why one giant regional bank no longer wants to be ...