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Federal Bank Moves to Acquire Standard Chartered’s India Credit Card Portfolio

By Uniquetimesorg April 30, 2026 0

Federal Bank has announced that its board has approved a proposal to acquire a portion of Standard Chartered Bank’s domestic retail credit card portfolio in India. The proposed deal marks a strategic step for the Kerala-based lender to expand its footprint in the retail credit segment. The development follows earlier reports that Standard Chartered had […]Continue Reading

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Axis Bank to Invest ₹15 Billion in Axis Finance, Strengthening Consumer Lending Arm

By Uniquetimesorg March 18, 2026 0

Axis Bank has announced plans to invest ₹15 billion (approximately $162.28 million) into its consumer lending subsidiary, Axis Finance, reinforcing its position in India’s growing retail credit market. The investment will be carried out in one or more tranches and is expected to be completed by March 2027. This move underscores the bank’s long-term commitment […]Continue Reading

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Fino Payments Bank Denies Links to Betting or Gaming Activities Amid Probe Reports

By Uniquetimesorg March 16, 2026 0

Fino Payments Bank on Monday denied any involvement in betting or gaming activities after media reports suggested that the Directorate General of GST Intelligence (DGGI) may recommend a probe by the Enforcement Directorate (ED) into certain online gaming transactions linked to the bank over suspected money laundering. In an exchange filing, the bank described the […]Continue Reading

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Investigation Agencies Probes ₹5.9 Billion Fraud at IDFC First Bank

By Uniquetimesorg March 11, 2026 0

Investigation Agencies has launched searches in connection with a ₹5.9 billion ($64 million) fraud reported by IDFC First Bank in February, according to a government source. The bank had earlier disclosed suspected fraudulent transactions in accounts linked to the Haryana state government, prompting internal action and regulatory scrutiny. Following the discovery, the bank Continue Reading

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India’s BFSI Sector in 2025: A CMD’s Perspective on a Year of Reset

By Uniquetimesorg February 16, 2026 0

By Shri V P Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd. As we reflect on the evolution of India’s Banking, Financial Services and Insurance (BFSI) sector in 2025, it is evident that the year represented far more than a phase of cyclical adjustment. It marked a structural reset—one in which the industry consciously moved […]Continue Reading