Financial Services

Free products and services win customers, paid ones help sellers monetise

Try to save cost on mode of investing, but it is usually not wise to scrimp on the cost of advice

eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20

Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO).

Share India Securities Q4 PAT jumps over two-fold to Rs 76 crore in Q4FY22

It registered 52 per cent rise in its revenue at Rs 294.82 crore for the January-March quarter of FY22 from Rs 194.35 crore in the same period of previous fiscal

Capgemini acquires Chappuis Halder to boost financial services biz

Technology services major Capgemini on Monday said it has acquired Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm, for an undisclosed sum.

Godrej Ind to expand interest in financial services via Godrej Capital

Godrej Capital is looking at building a balance sheet of Rs 30,000 cr in the next 4 years

Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo

The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool

PM Narendra Modi, Sher Deuba launch RuPay payment card in Nepal

The three other countries that have the RuPay card are Bhutan, Singapore and the United Arab Emirates

Banks share in industrial credit plunges to 34% in FY21, says report

The share of non-banks in the commercial credit has more than doubled to 44 per cent while that of foreign banks' rose to 22 per cent in FY21

Spandana Sphoorty looks to steady ship after over 4 months of uncertainty

The MFI, backed by private equity fund Kedaara Capital, experienced a jolt in November 2021 after Padmaja Reddy, founder and managing director (MD), quit abruptly.

Banks, financial institutions rush to raise funds as credit growth picks up

Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as compared to 2020-21.

Citigroup plans 900 hires for commercial banking unit in Asia Pacific

China and India will each get around 80 new hires. Hong Kong will add close to 100 people

Religare Enterprises to create war chest for new business ventures

The company said it was in the process of creating a war chest to grow the new ventures organically and inorganically

Religare Enterprises is now debt-free, shares up 3% amid new vertical plans

The company said it will enter new sectors such as Asset Reconstruction, Alternate Investment Funds, Insurance Broking, Digital Wealth Management

Bank of India says it can absorb mark-down of recapitalisation bonds

Lender makes statement as central bank expresses concern at the recapitalisation of state-owned lenders through zero-coupon bonds.

Legal merger of Shriram Group firms to happen by Sep, Oct: YS Chakravarti

Demand is definitely coming back, said Chakravarti

Review of 'serious allegations' on, trust the Board: New BharatPe CEO

Meanwhile, reports have claimed that several BharatPe employees are looking for job change amid the saga.

MakeMyTrip to scale up financial services biz as it eyes wider user base

Currently the products are only sold to those buying tickets, hotel accommodation on its site. But now it will be offering insurance products even to those who don't

NBFC sector expected to remain buoyant, says RBI report

The pandemic has tested the resilience of NBFCs, but so far, the sector has emerged stronger: Report

IFSCA sets up panel for creating framework for transfer of stressed loan

The International Financial Services Centres Authority on Friday sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC.

Processed 1 bn transactions last month, offline payments up 200%: PhonePe

Digital payments major PhonePe on Monday said offline merchant transactions on its platform have shown 200 per cent growth since last year.