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Don’t want long legal battle, need to focus on biz: PNB Housing chief on Carlyle deal pull-out

Pulling out from the Rs 4,000-crore Carlyle-led deal was a conscious choice of PNB Housing Finance as the company did not want to entangle in a protracted legal battle and lose focus on the lending business, its Managing Director and CEO Hardayal Prasad said. Last month, the company said it

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Finmin to soon start process for appointment of MD, DMDs of Rs 20,000 cr NaBFID

The finance ministry will soon start the process for the appointment of managing director (MD) and deputy managing directors (DMDs) of the newly set up Rs 20,000 crore development finance institution NaBFID, to catalyse investment in the fund-starved infrastructure sector. Last month, the government appointed veteran banker K V Kamath

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Ola Financial Services to expand insurance business internationally

Ola Financial Services (OFS) -- a subsidiary of Ola -- is looking to expand its insurance business internationally to support the company's mobility service through products designed for the UK and Australia and New Zealand (ANZ) markets. Ola's parent company ANI Technologies said OFS had a turbulent year (FY21) with

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