CCI approves Currant Sea Investments’ acquisition of stake in IDFC First Bank

The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of up to 9.99 per cent of the paid-up share capital of IDFC First Bank by Current Sea Investments BV. The transaction involves Currant Sea Investments B.V. subscribing to 81,26,94,722 compulsorily convertible cumulative preference shares (CCPS) of IDFC First Bank. This will result…

Bank Deposit Slowdown: As borrowers await June 6 RBI rate decision, lenders stare at a new challenge—Muted credit growth a silver lining!

RBI Rate Decision, MPC June 6 Review, Bank Deposit Growth: Deposit growth in the country’s commercial banks slowed to 10.6 per cent in the financial year ended March 31, 2025, marking a decline of 240 basis points (bps) compared with the corresponding period a year ago, Reserve Bank of India (RBI) data shows. Many analysts…

Upcoming IPOs: 6 firms get Sebi’s approval to launch IPOs; HDB Financial, Vikram Solar on the list

The Securities and Exchange Board of India (SEBI) on Tuesday announced that it approved the initial public offering for six companies to raise capital through initial public offerings (IPOs), according to a regulatory update released on Tuesday. The approved entities are HDB Financial Services, a subsidiary of HDFC Bank, and Vikram Solar, A-One Steels India,…