Posts Tagged ‘foreign investment in banking’

Punjab National Bank in strategic partnership with MetLife India

Comments Off | 08-2-2011

Punjab National Bank (PNB) and MetLife India, an affiliate of MetLife Inc., announced Friday that PNB will be inducted as a joint venture partner in the company. The Board of PNB, in its meeting held on 28th July, accepted the offer made by MetLife India for acquiring 30% stake in the company.
The transaction is subject

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Posted in Banking Sector India, FDI news India, General | Read More

Citigroup Reduces Stake in HDFC Ltd. by 1.5% to 9.9%

Comments Off | 06-16-2011

Citigroup Inc. Monday announced that it has reduced its 11.4 percent stake in Housing Development Finance Corporation Ltd. (HDFC) by 1.5 percent to a 9.9-percent beneficial interest. Headquartered in Mumbai, HDFC is an Indian non-bank financial company that is a leader in housing finance and mortgages with $37 billion of total assets as of March

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Posted in Banking Sector India, FDI news India, General | Read More

Banco Bilbao Vizcaya Argentaria to acquire 51% stake in India’s Bank of Baroda’s (BoB) credit card arm

Comments Off | 12-17-2010

Banco Bilbao Vizcaya Argentaria (BBVA) and Bank of Baroda (BoB) have today signed a Memorandum of Understanding (MOU) to form a joint venture in credit card business. Upon regulatory approval, BBVA will acquire a 51% stake in the existing credit card unit of Bank of Baroda, BOBCARDS, by investing a total amount of 34 million

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Posted in Banking Sector India, FDI Statistics India, FDI news India, General | Read More

Capgemini acquires Thesys Technologies in an effort to expand its global delivery capabilities

Comments Off | 11-29-2010

Capgemini has announced the acquisition of Thesys Technologies in a bid to expand its global delivery capabilities for the Temenos-enabled core banking front-to-back solutions and product offerings, such as retail, corporate, universal, private wealth management, Islamic banking and microfinance to financial institutions.
The move as well bolsters Capgemini’s position as a leading core banking and wealth

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Posted in Banking Sector India, FDI news India, General | Read More

QInvest buys a 28 per cent shareholding India’s Asian Business Exhibition and Conferences (ABECL)

Comments Off | 11-11-2010

QInvest has acquired a stake in India’s Asian Business Exhibition and Conferences. The Qatar’s investment bank said it had bought the stake successfully in ABECL, India’s foremost exhibitions and conferences organizer. ABECL’s boasts a portfolio inclusive of 15 exhibitions made up of 65 events that span nine industry verticals.
That includes the renowned, world class events

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Posted in Banking Sector India, FDI news India, General | Read More

State Bank of India buys a 20 per cent stake in technology service provider – A Little World Pvt Ltd

Comments Off | 10-22-2010

The State Bank of India Thursday said it had purchased a stake in A Little World Pvt Ltd. State Bank of India, India’s largest bank, bought a 20 per cent stake in A Little World Pvt Ltd, the technology services provider at an investment of Rs 80 Crore. The investment subsequently values A Little World

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Indian unit of European investment bank NM Rothschild & Sons change strategy to focus on mergers and acquisitions in India

Comments Off | 08-19-2010

The Indian unit of European investment bank, NM Rothschild and Sons, reported that it plans to shift its focus to mergers and acquisitions in the country. The firm, NM Rothschild and Sons India Pvt Ltd, said that it will bias its operations on advising companies on equity raising, debt and restructuring of companies in addition

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