BANKING

Mizuho Securities is set to acquire a majority stake in Indian investment bank Avendus from KKR for up to $523.15 million. This move will make Avendus a consolidated subsidiary of the Japanese financial group. The acquisition highlights the increasing presence of Japanese financial institutions in India's rapidly growing economy.

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BANKING

State Bank of India's chairman CS Setty has reshuffled top management portfolios following the arrival of new MD Ravi Ranjan. Ranjan will now oversee risk, compliance, and stressed assets, while Rana Ashutosh Kumar Singh takes charge of international banking, global markets, and technology. The changes aim to streamline operations and leverage expertise across key banking functions.

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BANKING

The scheme would encourage banks to lend to microfinance institutions (MFIs), especially the smaller ones, which are facing liquidity crunch amid limited access to bank funding. An announcement to this end is likely in the 2026 budget, people cited above said. The likely size of the guarantee programme is not known.

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BANKING

If any foreign company operating in India incurs any expenses outside India but that is also related to Indian business, Section 44C allows the deduction for that expense, but it is subject to the restriction provided in the provision. The restriction limits the expense to the tune of 5% of adjusted total income of the Indian business, it said.

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BANKING

Board of the homegrown investment bank is scheduled to meet on Tuesday to okay transaction valuing I-banker at Rs 5,900 crore. KKR looks to make 3.5x rupee return from 9 year old investment.

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BANKING

Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds.

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BANKING

The refinancing was anchored by Tata Capital with a commitment of about ₹800 crore, alongside Investec at ₹300 crore. Other lenders and investors in the syndicate include Vivriti Capital (₹200 crore), Hero FinCorp, Hero Corp, DSP, Oxyzo and a clutch of family offices, taking the total deal size to around ₹2,300 crore.

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