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 […]
Tag: finance
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 […]
JM Financial hits 1st close of ₹600cr for its maiden credit fund
Financial service group JM Financial has hit the first close of its maiden performing credit fund – JM Credit Opportunities Fund – 1 – raising […]
Fintechs seek first loss default guarantee cover for co-lending deals
Digital lenders are set to lobby with the Reserve Bank of India to extend the first loss default guarantee cover of 5% to co-lending arrangements […]
Sundaram Alternates launches Rs 1,500 cr realty private credit fund
Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of Rs 1,500 crore. The new […]
India’s indigenous HDFC to seal place in top echelons of world’s most valued banking space
In a remarkable feat, an indigenous Indian company will ascend to the upper echelons of the global banking landscape, as the tie up of HDFC […]
Finance ministry opts to simplify Insurance Act first; industry awaits reforms
Ahead of anticipated major reforms in the Insurance Amendment Bill, the ministry of finance has proposed a separate exercise aimed at simplification of pre-Constitutional enactments, […]
CreditAccess Grameen signs a $200 million external commercial borrowing deal
India’s largest NBFC-MFI CreditAccess Grameen has inked a $200 million external commercial borrowing deal with foreign banks and overseas branches of Indian banks. It has […]
RBI relaxes restrictions on HDFC Credila regarding on-boarding of new customers
Housing Development Finance Corporation (HDFC) on Tuesday said the Reserve Bank of India has relaxed restrictions on its education finance arm, HDFC Credila, related to […]
HDFC-HDFC bank merger likely to be effective July 1
The merger of HDFC Corp with the country’s largest private lender HDFC Bank will likely take effect July 1, chairman of India’s mortgage-lending pioneer Deepak […]