trending Market Intelligence /marketintelligence/en/news-insights/trending/p6egkttajtd2xupfvny8rg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: Indian government in talks with banks for stake in credit enhancement fund

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next

Corporate Renewables Market Looks To Continue Growth After Record 2018

Reframing The Conversation Around Cyber Risk


Report: Indian government in talks with banks for stake in credit enhancement fund

State Bank ofIndia and PunjabNational Bank are among the banks being considered to take upstakes in the government's planned 5 billion rupees credit enhancement fund, thePress Trust of India reported Oct. 2, citing a "person aware of thedevelopment."

The two banks, along with one or two more banks, are intalks with the government about possible interests in the fund.

India InfrastructureFinance Co. Ltd. will set up the fund, while will owna substantial stake. The government has asked the Insurance RegulatoryAuthority of India to exempt the insurer from the 15% cap on investments inother companies.

Other entities considered to take up stakes in the fund areAsian DevelopmentBank and International Finance Corp.

As of Sept. 30, US$1was equivalent to 66.58 Indian rupees.