Bajaj Finance has said that its voice bots will disburse Rs 5,300 crore of loans in FY26 – its first full year of operations. This channel will be completely taken over by AI agents as part of its 2026-30 long-range strategy which has AI as the backbone of its growth plans that links targets directly … Read more
Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and regulatory approvals, the private sector bank said in a regulatory … Read more
Digital payments giant PhonePe announced on Thursday, 13 November, a strategic collaboration with OpenAI to integrate the popular generative Artificial Intelligence (AI) model ChatGPT into its ecosystem. With this move, AI-powered assistance will become widely accessible to millions of Indian users across the payments platform’s ecosystem, including the PhonePe app, PhonePe for Business, and the … Read more
U.S. payment firms Visa and Mastercard are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the Wall Street Journal reported on Saturday (November 8, 2025), citing people familiar with matter. Visa and Mastercard would trim interchange fees, typically 2% to 2.5% per transaction, … Read more
PL Capital, a financial services organisation that’s part of the Prabhudas Lilladher Group, has appointed Zarin Daruwala as group chief executive, effective October 13. “Zarin’s arrival marks an important milestone in our mission to build an enduring, institutionally governed organisation–one that combines heritage and trust with capabilities and scale,” said Amisha Vora, chairperson and managing … Read more
Blackstone is picking up warrants in Federal Bank, which if converted would make it a 9.99% shareholder of the bank. The deal is for a total of Rs 6,196 cr 25% will be invested now and balance 75% within 18 months if Blackstone decides to convert. Per share price is fixed at Rs 227/ share, … Read more
Emirates NBD is acquiring majority into RBL through primary capital infusion upto $3 Bn (~ Rs 26,850 cr). Consequent to the transaction, ENBD is also making mandatory open offer to purchase additional 26% from the public shareholders. Open offer price is @ Rs 280/ share against the current trading price of Rs 300/ share Depending … Read more
With inflation cooling, GST cuts boosting disposable incomes, and anticipated interest rate cuts likely to reduce borrowing costs, the country’s largest private lender expects loan demand to gather momentum in the second half of the financial year and beyond. “The triad of tax benefits, GST cuts and interest rate cuts seems to be working as … Read more