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The Changing Tides of Corporate Banking in ME Region

The banking sector is a key pillar of the UAE’s drive to diversify its economy which grew by 5.4 percent in 2016 to reach AED711b. However to ensure it’s continued growth, this sector is diversifying to stay agile in the face of consistent explicit and implicit threats, ranging from new

HDFC Life, Max prepare new structure for merger

HDFC Life Insurance Co. Ltd and Max Life Insurance Co. Ltd have carved out a new structure for their proposed merger after the Insurance Regulatory and Development Authority of India (Irda) rejected the original three-step union, said two people with knowledge of the discussions.

The two firms have decided to extend

Indian PoS Devices Market Outlook 2022

The Indian PoS industry has reported a tremendous growth in the recent years, and is presenting ample opportunities to the industry players. With favourable demographics and rising awareness, Indian PoS market is poised to scale newer acmes. Moreover, introduction of novel PoS services, benefits, drive to move towards cashless economy,

Prem Watsa’s Fairfax takeover bid for CSB gets RBI approval

The Reserve Bank of India (RBI) has given an in-principle approval to Canadian billionaire Prem Watsa’s Fairfax Financial Holdings picking up a 51% stake in Kerala-based Catholic Syrian Bank, two people aware of the development said.

This will be the first takeover of an Indian bank by a non-banking financial entity

Insurance firms, banks rush to invest in small finance banks

Small finance banks (SFBs) seem to have become the favourite of the season. In a majority of the proposed SFBs, insurance firms have picked up stakes. Banks and mutual funds, too, have been investing in SFBs.
One of the reasons that financial institutions are betting on is the potential synergy in

Watsa close to buying stake in Catholic Syrian Bank

Fairfax Financial Holdings, owned by Canadian billionaire Prem Watsa, is close to picking up a controlling 51% stake in Kerala-based Catholic Syrian Bank (CSB), one of India’s oldest private sector lenders, marking the first takeover of a local private bank by a foreign investor, said three people with direct knowledge