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AU Small Finance Bank Q4 Results: Profit falls 13% YoY to Rs 371 crore

The bank has taken a one-time pre-tax exceptional impact of Rs 77 crore in the fourth quarter towards Fincare merger-related expenses including stamp duty. The banks board has recommended a dividend of Re 1 per equity share of face value of Rs 10 for FY24.

Bain-Backed Adani Capital Hires Das as Chief Credit Officer

Bain-Backed Adani Capital Hires Das as Chief Credit Officer
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Bain-Backed Adani Capital hires Rakesh Das as chief credit officer

Rakesh Das, who joined last week, will oversee the non-bank financial company’s credit practices, said the people, asking to be unnamed because they aren’t authorized to speak publicly about it.

CCI approves stake buy in Religare Enterprises by Burman family companies

The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company.

CCI approves stake buy in Religare Enterprises by Burman family companies

The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company.

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