Tag Archives: To

Budget 2020 | AMFI hands over wishlist to Finance Ministry

With the Union Budget just around the corner, the Association of Mutual Funds in India (AMFI) has put forth a wishlist on behalf of the mutual fund industry to the Finance Ministry. “AMFI’s suggestions have been in the Budget proposal list for a few years. We are hoping this time our long pending submissions get addressed, which would help take the Indian ... Read More »

Auto finance market to grow moderately at 6.7% by 2026

New Delhi: With softer vehicle demand worldwide, the global auto financing market is predicted to grow at a modest CAGR of 6.7 per cent in the next six years, as per a recent report. A US-based market research and consulting company Grand View Research in its latest report expects international automotive finance market to reach USD 344.1 billion by 2026. ... Read More »

Total moves finance department back to Paris due to Brexit, costs: CEO Patrick Pouyanne

French energy major Total will move its finance department back to Paris from London due to Britain’s impending exit from the European Union, and also to reduce costs, the firms Chief Executive Patrick Pouyanne said on Tuesday. The blue chip company caused an uproar in France when it decided in 2013 to move the 70-strong department from its Paris headquarters ... Read More »

Cholamandalam Finance to raise Rs 400 crore tier-II debt

Cholamandalam Investment and Finance Company Ltd (CIFCL) on January 10 said it would raise Rs 400 crore tier-II debt from the UK-based CDC Group Plc through unsecured, subordinated, rupee denominated masala bonds. The masala bonds were Cholamandalam Investment and Finance Company’s maiden issue which may be listed on the London Stock Exchange in future. “CDC and CIFCL have joined hands to ... Read More »

RBI’s Financial Stability Report: Progress may stall, gross NPA ratio likely to rise to 9.9% by Sept 2020

Private sector banks registered double-digit credit growth of 16.5 per cent in September 2019. (Representational image) A Reserve Bank of India (RBI) report released on Friday showed that the worst may not be over for banks on the bad loan front as gross non-performing asset (GNPA) ratio of banks may increase to 9.9 per cent by September 2020 from 9.3 ... Read More »

Sridharan to lead Piramal’s consumer finance business

The private sector lender had informed the exchanges on December 6 that Jairam would be stepping down as CFO. Piramal Enterprises on Friday announced the appointment of Jairam Sridharan as the CEO of its consumer finance business. Sridharan recently quit as CFO of Axis Bank. The private sector lender had informed the exchanges on December 6 that Jairam would be stepping down ... Read More »

Ujjivan Small Finance Bank IPO allotment: How to check your status

NEW DELHI : After receiving an overwhelming response for its ₹750 crore initial public offering (IPO), Ujjivan Small Finance Bank is likely to finalise allotment of shares today. Ujjivan Small Finance Bank IPO was oversubscribed by more than 165 times and is now the most subscribed IPO of 2019. If you had invested in the IPO, then you can check the status ... Read More »

Stellar response to Ujjivan Small Finance Bank: 7 IPOs got subscribed in double-triple digits in 2019

The primary market has seen 15 initial public offerings (IPOs) in 2019, less than the 21 public offers launched in 2018. This was due to weak market conditions, a slowdown in the economy and the liquidity crisis. In fact, the amount raised by these 15 IPOs was also far less than that raised in 2018. The 15 companies that went ... Read More »

Ujjivan Small Finance Bank IPO closes today: Key things to know before investing

The IPO of Ujjivan Small Finance Bank, which has seen strong response from retail investors, closes today. The ₹750 crore IPO had opened on Monday at a price band of ₹36-37 per share. Ujjivan Small Finance Bank will use most of the IPO proceeds for increasing its Tier-1 capital base to meet its future capital requirements. The lot size in Ujjivan Small Finance ... Read More »

Subscribe to Ujjivan Small Finance Bank: Aditya Birla Money

Aditya Birla Money’s IPO report on Ujjivan Small Finance Bank   Ujjivan Small Finance Bank Ltd (USFB), promoted by Ujjivan Financial Services Ltd (UFSL), is a mass market focused small finance bank (SFB), catering to the unserved & underserved segment. USFB is doing an IPO to meet the RBI regulation which requires the SFB to list within a period of 3 ... Read More »