Financial service group JM Financial has hit the first close of its maiden performing credit fund – JM Credit Opportunities Fund – 1 – raising […]
Tag: finance
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 […]
ICICI Prudential gets notice for alleged GST liability of Rs 492 crore
A central agency tasked with preventing the leakage of Goods and Services Tax (GST) revenue has completed its probe into at least six of the […]
ICAI to establish centre for excellence in Kashmir
The Institute of Chartered Accountants of India is starting it’s newly formulated course from July this year and plans to set up reading rooms and […]