Shastra VC

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Banking, Fintech & Insurance 04 Oct 2026, 02:59 PM IST

Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds: RBI Deputy Governor

Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season borrowing demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals and prevailing demand across the economy.

By RDU Global Wire5 min read

Startups & Venture Capital14 Oct 2026, 01:46 PM IST

NuSynth Raises ₹36.5 Crore Seed Round Led by Avaana Capital, Shastra VC

Bengaluru-based speciality chemicals startup NuSynth Technologies has raised ₹36.5 crore in a seed funding round co-led by Avaana Capital and Shastra VC, marking a notable early bet on India’s deep-tech manufacturing and materials innovation stack. The capital is expected to support product development, scale-up efforts, and commercial expansion as the company targets industrial customers seeking more sustainable and performance-driven chemical solutions.

6 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Shastra VC:

Rohit Jain(1)Reserve Bank of India(1)NuSynth Technologies(1)New Delhi(1)India(1)Bengaluru(1)