Page 16 - Financial Services

Temasek backs future funds of impact investor LeapFrog with $500 mn

In India, LeapFrog has so far deployed capital across nine companies

RBI extends deadline to apply for umbrella entity on retail payments

The deadline has been pushed by over a month to March 31 in view of the pandemic

LIC Housing Finance disburses Rs 1,331 cr of loans via mobile app

The firm has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year

Arohan Financial files paperwork for Rs 1,800 cr initial public offering

Arohan Financial Services, a non-banking financial company, has filed draft papers with markets regulator SEBI for its proposed initial public offer (IPO). As per market sources, the Kolkata-based company plans to raise between Rs 1,750 crore and Rs 1,800 crore. The public offer of the Aavishkaar Group promoted company comprises a fund raise through a fresh issuance of shares amounting to Rs 850 crore. The company will have an offer for sale of 2,70,55,893 equity shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private Equity Fund II, TR Capital III Mauritius and Aavishkaar Goodwell India Microfinance Development Company II Ltd, according to Draft Red Herring Prospectus (DRHP). The net proceeds from the fresh issue will be utilised for augmenting the company's capital base to meet their future capital requirements. Edelweiss Financial Services Ltd, ICICI Securities Ltd, Nomura Financial Advisory and Securities (India) Private ...

Edelweiss Financial Services reports Rs 63 crore loss in third quarter

Edelweiss Financial Services Limited on Saturday reported a consolidated net loss of Rs 63 crore for the third quarter ended in December 2020

ICICI Lombard sets up index to track risk exposure in sectors, companies

Indian companies have a score of 57, indicating optimised risk handling methods, says the index

Max Financial net profit jumps 54% to Rs 227 cr in December quarter

Max Financial Services Ltd reported 54 per cent jump in its consolidated net profit to Rs 227 crore in the third quarter ended December 2020

Option to remain a large NBFC 'very much on the table': HDFC group CEO

Mistry said he was confident that bounce back in demand for home loans would continue

MF industry will grow at 20% CAGR for the next five years: Amfi CEO

In a Q&A, N S Venkatesh says there are enough inefficiencies in the market right now, which will help fund managers generate alpha over the index

Record deal wins offer revenue visibility for Infosys in next 3 quarters

While double-digit growth in FY22 is a given, near term margins could come under pressure

Statsguru: Recovery uneven, but upturns expected in banking, construction

Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent

SATMAT Group associates with India's leading banks as its official API partners

With its newly launched vertical, SATMAT Technologies is your one-stop destination where you can get both the software and banking services under one roof and that too at the comfort of your homes.

IFSCA becomes associate member of the global lobby group IOSCO

The IOSCO works closely with the G20 nations and the Financial Stability Board (FSB), in setting up the standards for strengthening the securities markets, said IFSCA

PNB completes IT integration of all branches of two merged entities

State-owned Punjab National Bank (PNB) on Monday said it has completed IT integration of all branches of erstwhile United Bank of India with itself.

Time ripe for M&A in financial services

Financial services have been a mainstay for the broader M&A markets across cycles in India

RTGS: From today, you can make high value money transfers round-the-clock

RTGS for high-value transactions will become available round-the-clock from 00:30 hours Monday onwards, making India one of the few countries in the world to operate the system 24X7

PayPoint offers free personal accident insurance to migrant workers

PayPoint said it is offering a complimentary personal accident insurance cover for migrant workers transferring money to their families.

Walmart-backed payments firm PhonePe launches vehicle insurance service

Firm says users don't need to upload documents before making a purchase and they can view their policy documents instantly

Focusing on large clients and deals, as opposed to new ones: Wipro CEO & MD

In the manufacturing space, the impact of the pandemic continues, says Wipro MD

Govt to bear interest on interest for small borrowers during moratorium

Any individual whose loan amount is less than Rs 2 crore will be eligible for waiver of the compounding of interest.