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Netmagic eyes Rs 445 crore revenue by March next year

Technology firm Netmagic is targeting revenues of about Rs 445 crore by March 2016, buoyed by the strong demand it is witnessing in areas like managed services, remote IT management, cloud and data centre business.

Modi government clears FDI proposals worth Rs 1,827.24 crore

The Finance Ministry on Friday said it has cleared 12 FDI applications, including that of Ratnakar Bank to raise foreign equity limit to 74 percent, entailing total investment of Rs 1,827.24 crore.

FIPB clears HDFC Bank and Ratnakar Bank FDI proposals

HDFC Bank and Ratnakar Bank today got clearance from government panel Foreign Investment Promotion Board for their respective FDI proposals.

RBL Bank Net at Rs 92.7 cr in FY'14

Private sector lender RBL Bank, formerly known as Ratnakar Bank, has reported a net profit of Rs 92.7 crore for the fiscal year ended March 2014.

Ratnakar Bank raises $55 million from foreign investors

Ratnakar Bank raised Rs 3.28 billion from a group of investors including UK`s CDC Group Plc and Asia Capital and Advisors by selling an undisclosed minority stake, the regional lender said on Thursday.

CCI gives green signal to Ratnakar Bank-RBS deal

Royal Bank of Scotland (RBS) mortgage portfolio includes housing loans, while banking business includes providing small and medium sized enterprises with high end products and services.

Ratnakar Bank acquires select India businesses of RBS

Mid-sized private lender Ratnakar Bank Friday said it has acquired British banking major RBS' business banking, credit cards and mortgage portfolio for an undisclosed sum.

Govt approves 12 FDI proposals worth over Rs 802 crore

Government on Wednesday said it has approved 12 foreign direct investment (FDI) proposals, including that of Ratnakar Bank, totalling over Rs 802 crore.