US buyout giant KKR & Company become the first foreign investor to fully own an asset reconstruction company (ARC) in India as it received approval from the Reserve Bank of India. KKR, one of the most aggressive investors in financial services, plans to deploy a major chunk from its record Asia fund for buying…
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Federal Bank announced a partnership with Abu Dhabi-based LuLu Exchange to leverage blockchain technology for cross-border remittances. In collaboration with Digiledge, a Bengaluru based fintech start-up, Federal Bank and Lulu Exchange have launched and successfully tested the service using blockchain technology. Blockchain technology helps organisations share data in a more trusted, distributed and extensively automated…
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