India's subprime market proves a prime opportunity

Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business,......

Murugappa Group buys 37% stake in DBS Bank

Murugrappa Group on Tuesday said it has bought 37.48 per cent stake in Singapore based DBS Bank making it to hold controlling stake in their joint venture company Cholamandalam DBS Finance Ltd.......

Chola DBS to stop taking deposits

Chennai-based Cholamandalam DBS Finance has decided to convert into a non-deposit taking non-banking finance company (NBFC) to ensure that Singapore's DBS Bank, which has a 37.48 per cent stake in......

DBS to pay Rs 228 cr for 37.5% in Chola Inv

Singapore-based DBS Bank will invest Rs 228 crore to take 37.5 per cent in the Murugappa Group-controlled Cholamandalam Investment and Finance Company.The deal will also see the Murugappa group......