Hela

Hela February 15, 2019

Reliance Home Finance, part of Reliance Capital, on Tuesday posted a 37.5 increase in net profit after tax at Rs 55 crore in three months ended December 31, 2018. In comparison, the company had reported a net profit after tax of Rs 40 crore in October-December quarter of 2017, Reliance Home Finance Ltd (RHFL) said […]

Hela February 15, 2019

The Rajya Sabha passed the Interim Budget and Finance Bill 2019-20 without a debate on February 13– the last day of the Budget session of Parliament. The Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived among political parties to pass […]

Hela February 15, 2019

Shares of Repco Home Financedeclined 10 percent intraday Thursday despite company posted robust numbers for the quarter ended December 2018. The company has reported 31 percent jump in its Q3 net profit to Rs 55.64 crore versus Rs 42.42 crore in the same quarter last fiscal. Revenue jumped 11 percent to Rs 304 crore versus Rs […]

Hela February 15, 2019

Non-banking finance company, Muthoot Finance on Wednesday said it plans to raise up to Rs 750 crore through non-convertible debentures (NCDs). The base size of the issue of Rs 100 crore, with an option to retain oversubscription up to Rs 650 crore. It offers nine investment options for secured NCDs with monthly, annual interest payment frequency or […]

Hela February 15, 2019

In a relief to the Congress-JDS government, the Karnataka Assembly Thursday passed the Finance bill amid the ongoing political turmoil that had kept the ruling coalition on the edge over its numbers. It was passed without discussion amid uproarious scenes with BJP members staging protests over the attack on party MLA Pritam Gowda’s house at […]

Hela February 15, 2019

Union Minister Arun Jaitley has assumed charge as Finance Minister on February 15. Jaitley attended a Cabinet Committee meeting on Security at 9.15 am. The Cabinet discussed the terror attack in Jammu & Kashmir’s Pulwama that left nearly 40 jawans of the Central Reserve Police Force (CRPF) dead and over 18 critically injured. “Attack on CRPF in […]

Hela February 15, 2019

Karnataka and Maharashtra have high microfinance density. KOLKATA: Anushree Jindal, daughter-in-law of JSW Group chairman Sajjan Jindal, has announced the beginning of her microfinanceventure Svamaan Financial Services with Rs 10 crore “personal family money” as seed capital. The entity has started lending last week after receiving an NBFC-MFI license from Reserve Bank of India, Anushree Jindal told ET in a telephonic interview. This makes Svamaan the […]

Hela February 13, 2019

SME lending in India tends to be a higher margin business because banks can charge hefty interest rates. By Ronojoy Mazumdar A policy of cautious lending to the silk weavers and shopkeepers of Tamil Nadu has allowed a small local bankto outpace the largest Indian banks in terms of share price performance. City UnionNSE -0.78 % Bank, […]

Hela February 12, 2019

India is now the world’s fastest growing major economy. This is worth celebrating although there is a long road to catch up. In nominal terms, the US economy is still seven times as large as India’s. China’s GDP was 140% larger than India’s in 1998. Twenty years later, its faster growth rates have ensured that […]