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Dubai's Emirates NBD will invest $3.05 billion to acquire a 60% majority stake in India's RBL Bank, marking the largest FDI in the nation's financial sector.
HDFC Bank reported a second-quarter net profit of 186.4 billion rupees, beating analyst estimates, despite a decline in its net interest margin to 3.27%.
Coinbase has increased its investment in Indian crypto exchange CoinDCX, raising the platform's valuation to $2.45 billion amid ongoing regulatory challenges.
India's central bank is reportedly open to allowing Dubai's Emirates NBD to acquire a controlling stake in RBL Bank, signaling a push for foreign investment.
At the Global Fintech Fest in Mumbai, one of the world's largest financial technology events, organizers instructed speakers to avoid discussing cryptocurrency.
Revolut is launching in India, targeting high cross-border payment fees. The fintech aims for 20 million users by 2030, offering multi-currency cards and UPI support after securing key regulatory lice
Al Ahli Bank of Kuwait has accused over 800 individuals of a coordinated loan fraud scheme exceeding ₹200 crore, prompting a major police investigation in India.
