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GE retail credit bank to pay $169 mn in bias case

Last Updated: Friday, June 20, 2014, 08:55

GE Capital Retail Bank, which recently changed its name to Synchrony Bank, will compensate some 108,000 borrowers who allegedly were excluded from bank lending-relief programs from 2009-2012.

General Electric posts 9% profit drop for third quarter

Last Updated: Friday, October 18, 2013, 17:56

General Electric on Friday reported a 9 percent drop in third-quarter earnings as revenues slipped, driven by a downsizing of its financing arm, GE Capital, and unfavorable foreign exchange rates.

Magma Fincorp buys GE Capital's home finance biz for Rs 1,600 cr

Last Updated: Thursday, November 08, 2012, 22:19

While the deal marks the exit of GE Capital's two decades of home loan business in the country, it also marks the entry of Magma into the domain.

GE Capital to pick 7.69% stake in Biocon's arm for Rs 125 cr

Last Updated: Wednesday, October 31, 2012, 19:43

As per the agreement, GE Equity International Mauritius, a subsidiary of GE Capital Corporation will make a primary equity investment in Syngene, a joint statement said.

MetLife to sell bank unit to GE Capital

Last Updated: Tuesday, December 27, 2011, 23:30

MetLife shares were up 0.8 percent at USD 31.35 and GE shares dipped 0.5 percent to USD 18.13 at midmorning on Tuesday.

SBI Cards embraks on initiatives to create new standards

Last Updated: Sunday, December 11, 2011, 16:25

SBI Cards is a joint venture between State Bank of India and GE Capital Corporation.

GE Capital aims at exponential leasing biz growth during 2012

Last Updated: Sunday, November 06, 2011, 18:22

Financial services provider GE Capital on Sunday said it will expand its leasing business in both new and existing asset areas in India, eyeing exponential growth in volumes in 2012.