WestBridge Capital has boosted its stake in Star Health and Allied Insurance with a $12 million investment, even as it navigates regulatory approval for a new general insurance venture, Kiwi. The private equity firm clarified its Star Health investment was disclosed to Irdai during Kiwi’s licensing process, adhering to promoter guidelines.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger