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Indian Financial Services |
Commodity Online
Mar 14
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IIFL(Indian Infoline), leading player in the Indian financial services, announced its customer sign up with OrangeScape Technologies Ltd, one of the Global 10 Cloud Platform-as-a-Service providers featured in PaaS, to help with its automation...
Wall Street Journal
Feb 10
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Indian financial services company Reliance Capital reported a 43% drop in third-quarter net profit, hurt by higher interest costs and a loss in its general insurance business.
Business Times - Singapore
Jun 10
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TEMASEK Holdings, Swiss Re and Tata Capital are in final-stage talks with Indian financial services firm First Leasing Co for a 27.3 per cent stake, two sources with direct knowledge said.
Reuters
Jun 6
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International Business Machines (IBM) said on Monday it has sealed a 2.98 billion rupees ($66.4 million) outsourcing pact with Indian financial services firm India Infoline (IIFL).
Reuters
Jun 3
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Indian financial services firm Infrastructure Development Finance Company said on Friday it, along with Malaysia's Khazanah, will form an infrastructure development joint venture with focus on road projects in India.
Reuters
Dec 2
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Indian financial services group Religare Enterprises Ltd said on Thursday it will buy a stake in alternative asset manager Landmark Partners for up to $171.5 million, marking its second U.S. deal in the sector.
Finance Asia
Aug 26
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The founders of Religare Enterprises launch an open offer to minority shareholders as part of a plan to increase their stake in the Indian financial services firm to 85%, shortly after a failed bid for Parkway Hospitals.
Reuters
Aug 24
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Indian financial services firm Religare Enterprises on Tuesday said its founders will spend 8.57 billion rupees to raise their stake by about 9 percent via shares and preferential allotment and make an open offer to acquire a further 20 percent in...
Reuters
Aug 23
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South African brokerage Barnard Jacobs Mellet Holdings said on Monday it will sell its UK and U.S. businesses for 53 million rand to units of Indian financial services firm Religare Enterprises.
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more ▼WIKI ANALYSIS
WIKI ANALYSISTOP CONTRIBUTORS
The banking system in India is significantly different from that of other Asian nations. The country’s economic policy framework combines socialistic and capitalistic features with a heavy bias towards public sector investment.
About 92 percent of the country’s banking segment is under State control while the balance comprises private sector and foreign banks. The public sector commercial banks are divided into three categories.
- State Bank Group (eight banks): This consists of the State Bank of India (SBI) and Associate Banks of SBI.
- Nationalized Banks (nineteen banks): Nationalized banks are wholly owned by the Government, although some of them have made public issues. In contrast to the state bank group, nationalized banks are centrally governed, i.e., by their respective head offices. Thus, there is only one board for each nationalized bank.
The state bank group and nationalized banks are together referred to as the public sector banks(PSBs).
- Regional Rural Banks: In 1975, the state bank group and nationalized banks were required to sponsor and set up RRBs in partnership with individual states to provide low-cost financing and credit facilities to the rural masses.[1]
Key Ratio Comparison of Indian Banks
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Indian Banks: Key Ratios[2]
Companies in the Indian Financial Services Industry (13)
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