Microfinance company Satya MicroCapital raised about Rs 53 crore in external commercial borrowing from a German co-operative bank, which focuses on sustainable development. The deal […]
Category: Enterprise
Hindujas look to raise up to $1b to finance Reliance Capital acquisition
New Delhi: The Hinduja family has sounded out global credit funds to raise up to $1 billion (about ₹8,200 crore) to finance the potential acquisition […]
Union Mutual Fund expects 50pc growth in AUM, to reach Rs 15,000 cr mark by March
Union Mutual Fund is on a growth path now and is looking at adding at least 50 per cent more to the AUM this fiscal, […]
Expanding banking points, product lines to tap strong demand; debit cards for rural users in Q2: Airtel Payments Bank CEO
Airtel Payments Bank is experiencing “strong tailwinds of demand”, and will grow its banking points and deepen product offering range this year, as it looks […]
Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds […]
Tanishq Expands Jewellery Business with Oracle Cloud Infrastructure
New Delhi: Tanishq, one of India’s largest jewellery brands, migrates its inventory management system to Oracle Cloud Infrastructure (OCI), including Oracle Database, Oracle APEX, Oracle […]
Bihar overtakes Tamil Nadu to become biggest MFI market in India
Bihar has overtaken Tamil Nadu to emerge as the state with the highest microlending borrowings as of March 2023, a report said on Wednesday. Bihar […]
Veritas Finance raises Rs 1,200 crore
Veritas Finance Private Limited has raised Rs1,050 crore from Multiples Private Equity along with its co-investors including International Finance Corporation (IFC) to expand access to […]
Piramal Capital to sell more loans for Rs 1,669 crore
Piramal Capital & Housing Finance is in talks to sell a stressed loan portfolio worth ₹2,437 crore spread across 14 accounts to JM Financial ARC […]
HSBC relaunches private banking in India
Hong Kong and Shanghai Banking Corp Ltd (HSBC) has relaunched its private banking business in India almost eight years after it closed the division amid […]