SBI Research deems the withdrawal of Rs 2,000 notes a non-event, as India's digital payments ecosystem is robust.

SBI Research stated in its most recent Ecowrap that the withdrawal of Rs 2,000 banknotes is likely to be a non-event because India has adopted digital payments on a massive scale.

India has been experiencing new milestones in digital payments, both in terms of value and volume, which de...

JAPAN’S SBI HOLDINGS ORDERED TO SUSPEND OPERATIONS BY FSA

Highlights –

• Japan’s SBI Holdings ordered to suspend operations by FSA.
• The unit had solicited funds from investors with false or misleading information.
• The company had collected 20.7 billion yen ($190 million) from investors i...

MAJOR JAPANESE FINANCIAL FIRM, SBI HOLDINGS LOOKING AT CRYPTO JOINT VENTURE

Highlights:

•             SBI Holdings is already in the crypto domain with a subsidiary VC Trade that operates in the crypto lending space

•           ...

SBI CARDS IPO OVERSUBSCRIBED BY 70% ON THIRD DAY BIDDING

Highlights:

• SBI Cards and Payment Services IPO bidding has oversubscribed by 70% on the third day of bidding.
• Bids have been received for Rs. 12,792 crores for 10 crore shares.
• SBI cards IPO oversubscribed in all categories except for non-i...

SBI TO LAUNCH ITS SBI CARDS IPO

Highlights:

• State Bank of India is planning to launch SBI Cards IPO in February 2020.
• It will raise Rs. 9,000 crores.
• The key risk to the SBI group card will include regulatory risk on MDR/interchange fees, Higher capital requirement, and i...

Shachindra Nath says 2019 was a challenging year for the financial services industry

Shachindra Nath, founder of U GRO Capital, seems to have reached a sweet spot in 2019, a challenging year for the financial services industry. Not only did his private equity-backed non-banking financial company (NBFC) get Flipkart co-founder Sachin Bansal to invest in October, but also top lende...

Essar loan specialists get ?38,896 cr from Arcelor

The ArcelorMittal-Nippon Steel consolidate has moved ?38,896 crores to loan specialists for the procurement of the once-Ruias-possessed Essar Steel in an indebtedness driven procedure. For the loan specialists, recuperation comes more than two years after they started a corporate indebtedness goa...

SBI FXTRADE to extend the Forex instruments portfolio

SBI FXTRADE Co., Ltd., a Forex trading branch of the Japanese financial services company SBI Holdings Inc. (TYO:8473), today announced that it will extend the Forex instruments portfolio.

The firm would add eight currency pairs, including Russian ruble / Japanese yen and Mexican peso / ...

SBI IPO in markets

The IPO (Initial Public Offering) market of India is all set to see some new activities as we barge in the year 2020, which is expected to be the year of bigger IPOs than what we have seen this year. There have been many changes to create a maximum profit environment for these IPOs as they have b...

SBI Disaster security joins Rs 1-trillion m-top club,stock hits a record high

SBI Disaster security Organization today entered the ideal Rs 1 trillion market capitalization (feature top) club after its offer worth hit another unparalleled high on the National Stock Trade (NSE). The heap of the additional security association hit another high of Rs 1,012 on Wednesday in the...