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Kumar Gaurav: The visionary shaping the future of global finance Kumar Gaurav’s journey from the historic land of Nalanda, Bihar to the global blockchain stage is a testament to visionary excellence, entrepreneurial spirit, and unrelenting pursuit of innovation.  As the Founder of Cashaa, he has become a pioneering force in the FinTech and blockchain world. His path is paved with milestones that showcase his foresight in disrupting the financial landscape and leveraging blockchain for global change. Early foundation: Igniting the entrepren...
Kumar Gaurav: The visionary shaping the future of global finance
Kumar Gaurav: The visionary shaping the future of global finance
Source: IANS
2024-09-26 04:48:41 pm
First-Time Home Buyer Mistakes: A Guide to Home Loan Decisions Buying your first home is an exciting journey, but it’s essential to navigate it wisely. One of the critical milestones in this journey is applying for a home loan, which can be a both exciting and overwhelming process. This comprehensive guide will explore the significance of applying for a home loan and the common mistakes first-time home buyers often make in securing home finance.   Understanding the Importance of Applying for a Home Loan Applying for a hom...
First-Time Home Buyer Mistakes: A Guide to Home Loan Decisions
First-Time Home Buyer Mistakes: A Guide to Home Loan Decisions
Source: PNB Housing Finance Ltd
2024-09-09 05:51:35 pm
Muthoot Capital moves up on bagging Rs 100 crore impact funding for Electric Vehicle portfolio Muthoot Capital Services is currently trading at Rs. 324.05, up by 6.55 points or 2.06% from its previous closing of Rs. 317.50 on the BSE. The scrip opened at Rs. 323.85 and has touched a high and low of Rs. 327.55 and Rs. 318.30 respectively. So far 211 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 458.00 on 10-Oct-2023 and a 52 week low of Rs. 265.00 on 27-Mar-2024. Last one week high and low of the scrip ...
Muthoot Capital moves up on bagging Rs 100 crore impact funding for Electric Vehicle portfolio
Muthoot Capital moves up on bagging Rs 100 crore impact funding for Electric Vehicle portfolio
Source: Accord Fintech
2024-08-06 11:14:55 am
Spandana Sphoorty Financial soars on raising Rs 55 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 735.15, up by 10.75 points or 1.48% from its previous closing of Rs. 724.40 on the BSE. The scrip opened at Rs. 731.95 and has touched a high and low of Rs. 742.55 and Rs. 716.35 respectively. So far 11968 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1243.10 on 12-Jan-2024 and a 52 week low of Rs. 679.45 on 04-Jun-2024. Last one week high and low of the...
Spandana Sphoorty Financial soars on raising Rs 55 crore through NCDs
Spandana Sphoorty Financial soars on raising Rs 55 crore through NCDs
Source: Accord Fintech
2024-07-10 02:54:49 pm
Finance Ministry urges private banks to give more loans to uplift poor The Finance Ministry has urged private sector banks to extend more loans under Financial Inclusion Schemes such as PM SVANidhi, PM Vishwakarma and Jan Samarth Portal aimed at providing more jobs for the poor such as skilled artisans and street vendors.   Secretary, Department of Financial Services Vivek Joshi chaired a review meeting with top executives of private sector banks here on Tuesday on the progress of these job-oriented schemes for the poor.    Joshi discussed i...
Finance Ministry urges private banks to give more loans to uplift poor
Finance Ministry urges private banks to give more loans to uplift poor
Source: IANS
2024-07-10 09:52:30 am
Unity Bank Enhances Interest Rates on Savings Accounts Unity Small Finance Bank Limited (Unity Bank), a new age, digital first bank, has enhanced its savings account interest rate slabs. It will now offer 7.25% p.a. on deposit balances greater than Rs. 1 lakh and up to Rs. 5 Lakhs. Whereas it will offer 7.50% p.a. on deposits greater than Rs 5 Lakhs and up to Rs 50 lakhs and 7.75% on balances greater than Rs 50 lakhs. Interest on all slabs is paid monthly and will provide our valued customers with greater flexibility and benefits as they save for...
Unity Bank Enhances Interest Rates on Savings Accounts
Unity Bank Enhances Interest Rates on Savings Accounts
Source: PR Agency
2024-06-24 12:11:20 pm
Buy Fusion Microfinance Ltd. For Target Rs.605 -Motilal Oswal Financial Services Guidance for FY25 net credit costs revised upwards to ~3% * Fusion’s 4QFY24 PAT grew 16% YoY to ~INR1.33b (9% miss) because of elevated credit costs. NII grew 31% YoY to ~INR3.6b, while PPoP also grew 31% YoY to ~INR2.9b (7% beat). FY24 PAT grew 31% YoY to INR5.1b. * Cost-income ratio stood at ~37% (PY: ~36%). Credit costs stood at INR1.2b (~50% higher than estimates) and annualized credit costs rose ~75bp QoQ to 4.8%. This included management overlay of ~INR180m in 4QFY24. * D...
Buy Fusion Microfinance Ltd. For Target Rs.605 -Motilal Oswal Financial Services
Buy Fusion Microfinance Ltd. For Target Rs.605 -Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-17 03:00:40 pm
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 325 - Motilal Oswal Financial Services Earnings miss due to high provisions; reported NIM up 30bp QoQ * Mahindra & Mahindra Financial’s (MMFS) 4QFY24 PAT declined ~10% YoY to INR6.2b (15% miss). Adjusted for provisions on Mizoram fraud, PAT would have been INR7.2b (in line). FY24 PAT fell 11% YoY to INR17.6b. ? NII stood at INR18.1b (in line), up ~13% YoY. Other income rose ~30% YoY to ~INR1.6b, driven by better fee income. * Credit costs at ~INR3.4b included provisions of ~INR1.36b related to fraud in Mizoram. An...
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 325 - Motilal Oswal Financial Services
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 325 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-15 12:01:32 pm
Buy Angel One Ltd. For Target Rs.4,200 - Motilal Oswal Financial Services Strong show led by surge in orders * Net brokerage income grew 65% YoY to INR6.8b in 4QFY24 and total income from operations rose 65% YoY to INR10.6b. * Total operating expenses surged 114% YoY and 26% QoQ. On a sequential basis, the CI ratio declined marginally by ~80bp to 55.2% in 4QFY24. * PAT stood at INR3.4b, up 27% YoY and 31% QoQ. * For FY24, net revenue/PAT grew 45%/26% YoY to INR33.3b/INR11.3b. * The company raised INR15b via QIP and the shares were allotted on 2nd Apr...
Buy Angel One Ltd. For Target Rs.4,200 - Motilal Oswal Financial Services
Buy Angel One Ltd. For Target Rs.4,200 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-07 11:34:15 am
Buy CreditAccess Grameen for Target Rs 1,864 by Elara Capitals Cautiously optimistic Steady margins offset provisions spike; earnings intact With spike in credit costs getting offset largely by steady NIMs, Credit Access Grameen’s (CREDAG IN) PAT was in line with our expectations in Q4FY24 (reported INR 3.97bn versus our estimates of INR 3.94bn) based on strong core. However, both opex and credit costs stood elevated due to lumpy employee incentives and extra provision buffers, geographic risks and customer vintage. Consequently, cost-income sur...
Buy CreditAccess Grameen for Target Rs 1,864 by Elara Capitals
Buy CreditAccess Grameen for Target Rs 1,864 by Elara Capitals
Source: Elara Capital
2024-06-04 04:47:09 pm
Buy CreditAccess Grameen Ltd. For Target Rs.1,725 - Motilal Oswal Financial Services Guidance on credit costs raised but can still deliver healthy RoA/RoE -      CreditAccess Grameen (CREDAG) delivered a healthy operational performance in 4QFY24, with 34% YoY growth in PAT to ~INR3.97b (inline). 4QFY24 NII grew ~42% YoY to ~INR8.8b and PPoP grew 36% YoY to ~INR6.8b. FY24 PAT grew ~31% YoY to ~INR5.1b. -      The cost-income ratio (CIR) was broadly stable QoQ and YoY at ~30%. Opex included ~INR260m toward long-t...
Buy CreditAccess Grameen Ltd. For Target Rs.1,725 - Motilal Oswal Financial Services
Buy CreditAccess Grameen Ltd. For Target Rs.1,725 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-04 11:04:36 am
Neutral MAX Financial Services Ltd. For Target Rs.1040 - Motilal Oswal Financial Services Guides better-than-industry APE growth -      MAX Financial Services (MAXLIFE) reported a decent performance in 4QFY24. Total APE grew 13% YoY to INR28.7b (14% beat), while absolute VNB rose 7% YoY to INR8.2b (18% beat). VNB margin contracted 170bp YoY to 28.6% (vs. our estimate of 27.6%).  -      For FY24, VNB stood at INR19.7b (flat YoY), whereas VNB margin came in at 26.5% (-470bp YoY). -    ...
Neutral MAX Financial Services Ltd. For Target Rs.1040 - Motilal Oswal Financial Services
Neutral MAX Financial Services Ltd. For Target Rs.1040 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-04 10:53:53 am
Manappuram`s net profit for FY 23-24 increases by 47% to 2,198 Crore Declares interim dividend of Rs.1 per share Manappuram Finance Limited reported a consolidated profit after tax (PAT) of Rs 564 crore for the fourth quarter ended March 31, 2024, marking a growth of 35.7 percent compared to Rs 415 crore reported in the same quarter of the previous year. The full-year PAT stands at Rs 2,198 crore, reflecting a 47 percent increase year-on-year. The company's consolidated Assets under Management (AUM) grew by 18.7 percent to Rs 42,070 crore from Rs 35,428 crore in the previous fiscal year. Operatin...
Manappuram`s net profit for FY 23-24 increases by 47% to 2,198 Crore Declares interim dividend of Rs.1 per share
Manappuram`s net profit for FY 23-24 increases by 47% to 2,198 Crore Declares interim dividend of Rs.1 per share
Source: PR Agency
2024-05-25 11:19:19 am
Sector Update Financials - NBFCs: Benefit of a declining interest rate cycle sometime away By Motilal Oswal Financial Services Jitteriness in personal loans and MFI because of recent developments * In early FY24, NBFCs/HFCs benefitted from anticipated interest rate cuts, which could happen in the later part of the fiscal year. However, the broader consensus emerging today, from both the RBI MPC meetings and the FOMC meetings is that interest rate cuts are not on the horizon in the near term, despite the easing of persistent inflationary pressures. Adding to the challenge, * the RBI RWA’s circular on Bank ...
Sector Update Financials - NBFCs: Benefit of a declining interest rate cycle sometime away By Motilal Oswal Financial Services
Sector Update Financials - NBFCs: Benefit of a declining interest rate cycle sometime away By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-14 11:33:36 am
Shriram Finance Limited Announces Sale Of Its Housing Finance Subsidiary Shriram Housing Finance To Warburg Pincus Shriram Finance Limited (SFL), in its board meeting held earlier today approved the sale of its housing finance subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus, a leading global growth investor. Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment Ltd from all the sellers. The proposed transaction is valued at Rs 4,630 crores for equity and convertible instruments of SHFL. The transaction is subject to regulatory approvals. SFL holds a control...
Shriram Finance Limited Announces Sale Of Its Housing Finance Subsidiary Shriram Housing Finance To Warburg Pincus
Shriram Finance Limited Announces Sale Of Its Housing Finance Subsidiary Shriram Housing Finance To Warburg Pincus
Source: PR Agency
2024-05-14 10:06:57 am
TVS Holdings to buy 80.74 pc in Home Credit India for Rs 554 crore TVS Holdings Ltd announced on Friday that its Board has approved the acquisition of 80.74 per cent stake in Home Credit India Finance Private Ltd for a cash consideration of Rs 554 crore. According to TVS Holdings, the balance 19.26 per cent stake in Home Credit India will be bought by Premji Invest and other associates. Home Credit India, a non-banking finance company, provides unsecured loans. Last fiscal, Home Credit India reported an Assets under Management (AUM) of Rs 5,535 cror...
TVS Holdings to buy 80.74 pc in Home Credit India for Rs 554 crore
TVS Holdings to buy 80.74 pc in Home Credit India for Rs 554 crore
Source: IANS
2024-05-11 05:35:15 pm
Buy LIC Housing Finance Ltd For Target Rs.755 by Motilal oswal Ltd Stable margins, loan growth remains moderate Earnings beat aided by largely stable NIM and controlled opex LICHF’s PAT jumped 142% YoY to ~INR11.6b (~6% beat) in 3QFY24 and 9MFY24 PAT surged 115% YoY to ~INR36.7b. PAT growth was driven by a largely stable NIM and controlled opex. NII at ~INR21b (7% beat) rose ~31% YoY. PPoP at ~INR18.8b (9% beat) grew ~39% YoY but declined 1% QoQ. The cost-income ratio remained stable QoQ at ~12% (vs. ~18% in 3QFY23). NIM contracted ~5bp QoQ...
Buy LIC Housing Finance Ltd For Target Rs.755 by Motilal oswal Ltd
Buy LIC Housing Finance Ltd For Target Rs.755 by Motilal oswal Ltd
Source: Motilal Oswal Financial Services Ltd
2024-05-11 10:25:40 am
Net household savings decline by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23: MoSPI The Ministry of Statistics and Programme Implementation (MoSPI) it its National Account Statistics 2024 has said that net household savings declined sharply by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23. The net household savings peaked at Rs 23.29 lakh crore in 2020-21. These have been on the decline since then. The net household savings declined to Rs 17.12 lakh crore in 2021-22 and dipped further to a five-year low of Rs 14.16 lakh crore in 2022-23. The previous low o...
Net household savings decline by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23: MoSPI
Net household savings decline by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23: MoSPI
Source: Accord Fintech
2024-05-08 11:24:58 am
Buy Muthoot Finance Ltd. For Target Rs.1,948 By Elara Capital Set to shine Convergence of fundamentals and tailwinds to prop growth Muthoot Finance (MUTH IN) is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by 1) proven moats of leadership and higher productivity (AUM per branch at INR 145mn vs INR 80mn for IIFL Finance and a mere INR 56mn for MGFL), 2) steady-state branch and customer expansion, 3) customer segmentation with limited share of 27% in the above INR 30...
Buy Muthoot Finance Ltd. For Target Rs.1,948 By Elara Capital
Buy Muthoot Finance Ltd. For Target Rs.1,948 By Elara Capital
Source: Elara Capital
2024-05-07 01:49:08 pm
Banking & Financials - Relatively soft Q4 - Quarterly Preview By Elara Capital Relatively soft Q4 Growth, NIM and opex likely to dominate discussions Unlike the traditionally strong fourth quarter, we believe Q4FY24 will be relatively soft, characterized by: 1) NIM pressure, 2) steady loan growth but softer deposit growth, and 3) cost pressures with the impending impact of wage hikes & pension provision for a few. That said, lower credit cost and better recovery trends (recovery from written-off) should support earnings. Among our cove...
Banking & Financials - Relatively soft Q4 - Quarterly Preview By Elara Capital
Banking & Financials - Relatively soft Q4 - Quarterly Preview By Elara Capital
Source: Elara Capital
2024-05-07 12:45:14 pm
Unity Small Finance Bank Limited Q4FY2024 This is to inform you that Unity Small Finance Bank Limited (Unity Bank), a new age, digital first bank, promoted by Centrum Financial Services, today announced its financial results for the quarter and year ending 31 st March, 2024. Request you to kindly help us publish the same. Key Highlights of the results: Net Profit rises significantly to Rs 143 crore up 374% Q-o-Q and Rs 439 crore for the year up 1,168% Y-o-Y Adequate Growth Capital with CRAR at 36.4% signific...
Unity Small Finance Bank Limited Q4FY2024
Unity Small Finance Bank Limited Q4FY2024
Source: PR Agency
2024-05-06 03:03:55 pm
Buy LIC Housing Finance Ltd For Target Rs.760 By Yes Securities Strong margins and asset quality but meek growth LIC HF delivered NII/PPOP/PAT beat of 4%/6%/3% on our estimates, notwithstanding a) muted growth performance, b) augmentation of ECL coverage and c) one-off provision on AIF exposure. The operational performance was buoyed by margin resilience and asset quality improvement. Loan portfolio grew by modest at 1.2% qoq/4.8% yoy with overall disbursements at Rs151bn (7% below expectation) and portfolio run-off being higher. Home Loan (HL) lump...
Buy LIC Housing Finance Ltd For Target Rs.760 By Yes Securities
Buy LIC Housing Finance Ltd For Target Rs.760 By Yes Securities
Source: Yes Securities Ltd.
2024-05-06 02:31:14 pm
Stock of the day : L&T Finance Ltd. For Target Rs.177 - Religare Broking L&T Finance Ltd. *  LTF has remained a consistent outperformer and has witnessed fresh upward momentum from the key support zone. *  It has formed a fresh buying support at its short term moving average on the weekly chart. *  Following price action and volumes activity, stock looks set to challenge its previous swing high. *  Traders can consider fresh longs in the mentioned range. Buy L&T Finance Ltd. CMP 167.75 Range 166-168 SL1...
Stock of the day : L&T Finance Ltd. For Target Rs.177 - Religare Broking
Stock of the day : L&T Finance Ltd. For Target Rs.177 - Religare Broking
Source: Religare Broking Ltd
2024-05-06 12:18:16 pm
Bajaj Finance zooms on getting RBI`s nod to resume disbursal of loans via eCOM, Insta EMI Card Bajaj Finance is currently trading at Rs. 7255.05, up by 374.05 points or 5.44% from its previous closing of Rs. 6881.00 on the BSE. The scrip opened at Rs. 7350.00 and has touched a high and low of Rs. 7400.00 and Rs. 7234.75 respectively. So far 90068 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8190.00 on 06-Oct-2023 and a 52 week low of Rs. 6,185.45 on 04-May-2023. Last one week high and low of the scrip ...
Bajaj Finance zooms on getting RBI`s nod to resume disbursal of loans via eCOM, Insta EMI Card
Bajaj Finance zooms on getting RBI`s nod to resume disbursal of loans via eCOM, Insta EMI Card
Source: Accord Fintech
2024-05-03 11:09:26 am
AdaniConneX establishes India`s largest sustainability linked financing to raise up to $1.44 billion In a bid to accelerate digital infrastructure growth in India, AdaniConneX, a JV between Adani Enterprises and EdgeConneX, on Sunday said it has established the country’s largest sustainability-linked financing to raise up to $1.44 billion. The transaction elevates AdaniConneX’s construction financing pool to $1.65 billion, building on the maiden construction facility of $213 million executed in June last year. “This successful exercise is a testament to the collective...
AdaniConneX establishes India`s largest sustainability linked financing to raise up to $1.44 billion
AdaniConneX establishes India`s largest sustainability linked financing to raise up to $1.44 billion
Source: IANS
2024-04-28 10:20:35 am
Financial services platform Northern Arc secures $80 mn funding from IFC  Financial services platform Northern Arc on Wednesday said that it secured $80 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group. The investment comprises an equal split of equity and debt, each contributing around $40 million, demonstrating IFC’s confidence in Northern Arc’s scalable and sustainable business model and India’s expanding credit market, the company said. "The investment marks the beginning of...
Financial services platform Northern Arc secures $80 mn funding from IFC
Financial services platform Northern Arc secures $80 mn funding from IFC
Source: IANS
2024-04-25 09:39:53 am
Mastek jumps on winning deal from Yanbu Cement Company Mastek is currently trading at Rs. 2704.80, up by 54.45 points or 2.05% from its previous closing of Rs. 2650.35 on the BSE. The scrip opened at Rs. 2665.55 and has touched a high and low of Rs. 2815.00 and Rs. 2622.15 respectively. So far 12043 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3147.00 on 16-Feb-2024 and a 52 week low of Rs. 1680.10 on 25-Apr-2023. Last one week high and low of the scrip stood at ...
Mastek jumps on winning deal from Yanbu Cement Company
Mastek jumps on winning deal from Yanbu Cement Company
Source: Accord Fintech
2024-04-23 03:36:13 pm
Manappuram Finance rises on getting nod to raise up to $500 million through external commercial borrowing Manappuram Finance is currently trading at Rs. 189.85, up by 1.60 points or 0.85% from its previous closing of Rs. 188.25 on the BSE. The scrip opened at Rs. 190.15 and has touched a high and low of Rs. 190.85 and Rs. 186.45 respectively. So far 341962 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 202.50 on 04-Apr-2024 and a 52 week low of Rs. 102.00 on 05-May-2023. Last one week high and low of the scrip stoo...
Manappuram Finance rises on getting nod to raise up to $500 million through external commercial borrowing
Manappuram Finance rises on getting nod to raise up to $500 million through external commercial borrowing
Source: Accord Fintech
2024-04-22 03:14:14 pm
Buy L&T Finance Holdings Ltd For Target Rs.2,770 - Motilal Oswal Financial Services Ltd In-line earnings aided by NIM expansion and lower tax rate Consol. RoA expands further to ~2.5%; asset quality largely stable * L&T Finance Holdings (LTFH) reported PAT of INR6.4b (in line) in 3QFY24. PPOP grew ~7% YoY to INR13.4b (in line), while credit costs of ~INR5.1b translated into annualized credit costs of 2.5% (vs. 2.6% in 2QFY24 and 2.7% in 3QFY23). The effective tax rate stood at 22.4% (vs. 25.5% in 2Q). * Total loan book grew 4% QoQ and declined ~8% YoY to INR818b, m...
Buy L&T Finance Holdings Ltd For Target Rs.2,770 - Motilal Oswal Financial Services Ltd
Buy L&T Finance Holdings Ltd For Target Rs.2,770 - Motilal Oswal Financial Services Ltd
Source: motilal oswal financial services Ltd
2024-04-22 02:36:55 pm
BlackSoil logs 40 pc investment growth, $118 mn in disbursement in FY24 Alternative credit platform BlackSoil on Monday said it registered 40 per cent growth in portfolio investment in FY24, with total disbursement exceeding $118 million. In the last fiscal year, the company exited 18 deals while making strategic investments in 36 new deals, a 25 per cent rise in the number of deals compared to the previous financial year. BlockSoil's Asset Under Management (AUM) grew nearly 50 per cent (year-on-year). “As we anticipate the challenges and oppor...
BlackSoil logs 40 pc investment growth, $118 mn in disbursement in FY24
BlackSoil logs 40 pc investment growth, $118 mn in disbursement in FY24
Source: IANS
2024-04-22 02:27:19 pm
Jio Financial soars on signing agreement to set up wealth management, broking business with BlackRock Jio Financial is currently trading at Rs. 364.90, up by 10.50 points or 2.96% from its previous closing of Rs. 354.40 on the BSE. The scrip opened at Rs. 365.00 and has touched a high and low of Rs. 371.75 and Rs. 363.00 respectively. So far 2894476 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 378.70 on 12-Apr-2024 and a 52 week low of Rs. 204.65 on 23-Oct-2023. Last one week high and low of the scrip stood ...
Jio Financial soars on signing agreement to set up wealth management, broking business with BlackRock
Jio Financial soars on signing agreement to set up wealth management, broking business with BlackRock
Source: Accord Fintech
2024-04-16 11:24:44 am
India`s fintech sector logs robust 59 pc growth in Q1 2024  India secured the third position globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year, a report showed on Friday. Total funding received by the fintech sector increased by 59 per cent in Q1 2024, compared to Q4 2023, emphasising the robustness of the Indian fintech landscape amid a dynamic economic environment. Q1 2024 witnessed a total funding of $551 million compared to the $346 million raised in the previous quarter, according to the...
India`s fintech sector logs robust 59 pc growth in Q1 2024
India`s fintech sector logs robust 59 pc growth in Q1 2024
Source: IANS
2024-04-12 11:37:03 am
CAMS shines on getting authorisation to operate as online payment aggregator Computer Age Management Services is currently trading at Rs. 3181.90, up by 129.40 points or 4.24% from its previous closing of Rs. 3052.50 on the BSE. The scrip opened at Rs. 3137.85 and has touched a high and low of Rs. 3220.00 and Rs. 3129.55 respectively. So far 48061 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3240.00 on 28-Feb-2024 and a 52 week low of Rs. 2007.50 on 25-Apr-2023. Last one week high an...
CAMS shines on getting authorisation to operate as online payment aggregator
CAMS shines on getting authorisation to operate as online payment aggregator
Source: Accord Fintech
2024-04-12 11:24:33 am
Zaggle Prepaid Ocean Services gains on entering into agreement with Yokohama India Zaggle Prepaid Ocean Services is currently trading at Rs. 287.50, up by 2.45 points or 0.86% from its previous closing of Rs. 285.05 on the BSE. The scrip opened at Rs. 289.30 and has touched a high and low of Rs. 292.95 and Rs. 287.50 respectively. So far 21306 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 391.65 on 04-Mar-2024 and a 52 week low of Rs. 155.60 on 22-Sep-2023. Last one week high and low of the ...
Zaggle Prepaid Ocean Services gains on entering into agreement with Yokohama India
Zaggle Prepaid Ocean Services gains on entering into agreement with Yokohama India
Source: Accord Fintech
2024-04-12 10:25:56 am
PNB Housing Finance moves up on expanding distribution network to 300 branches across India PNB Housing Finance is currently trading at Rs. 771.40, up by 7.00 points or 0.92% from its previous closing of Rs. 764.40 on the BSE. The scrip opened at Rs. 768.30 and has touched a high and low of Rs. 794.40 and Rs. 767.00 respectively. So far 74867 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 913.95 on 25-Jan-2024 and a 52 week low of Rs. 407.00 on 13-Apr-2023. Last one week high and low of the scrip sto...
PNB Housing Finance moves up on expanding distribution network to 300 branches across India
PNB Housing Finance moves up on expanding distribution network to 300 branches across India
Source: Accord Fintech
2024-04-09 03:20:04 pm
Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs Apr-09-2024   10:22 Hrs IST Poonawalla Fincorp is currently trading at Rs. 487.10, up by 0.65 points or 0.13% from its previous closing of Rs. 486.45 on the BSE. The scrip opened at Rs. 494.45 and has touched a high and low of Rs. 494.45 and Rs. 483.35 respectively. So far 15469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-...
Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs
Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs
Source: Accord Fintech
2024-04-09 10:36:40 am
Government bonds worth Rs 30,000 crore to come up for auction on April 12 The Finance Ministry on Monday announced the sale of government bonds worth Rs 30,000 crore in three different categories that will be put up for auction by the RBI’s Mumbai Office on April 12 (Friday). The bonds include 7.32 per cent Government Security 2030 for a notified amount of Rs 11,000 crore through price-based auction using price method, (ii) New Government Security 2039 worth Rs 10,000 crore through yield-based auction using multiple price method, and (iii) 7.30 per cent Go...
Government bonds worth Rs 30,000 crore to come up for auction on April 12
Government bonds worth Rs 30,000 crore to come up for auction on April 12
Source: IANS
2024-04-09 09:34:41 am
Mphasis partners AWS to launch Gen AI Foundry for financial services  Information Technology (IT) solutions provider Mphasis on Friday announced a multi-year global strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to launch Gen AI Foundry for financial services. According to the company, the Gen AI Foundry will serve as a dynamic platform for modelling industry use cases and developing proof of concepts (POCs) -- initially within the financial services industry, with plans to expand across other sectors. "The Gen AI Foundr...
Mphasis partners AWS to launch Gen AI Foundry for financial services
Mphasis partners AWS to launch Gen AI Foundry for financial services
Source: IANS
2024-04-06 09:21:07 am
AU Small Finance Bank trades higher on logging 25% growth in gross advances during Q4FY24 AU Small Finance Bank is currently trading at Rs. 626.05, up by 20.85 points or 3.45% from its previous closing of Rs. 605.20 on the BSE. The scrip opened at Rs. 610.05 and has touched a high and low of Rs. 639.80 and Rs. 610.05 respectively. So far 702322 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 813.00 on 08-Jan-2024 and a 52 week low of Rs. 553.90 on 06-Apr-2023. Last one week high and low of the scrip...
AU Small Finance Bank trades higher on logging 25% growth in gross advances during Q4FY24
AU Small Finance Bank trades higher on logging 25% growth in gross advances during Q4FY24
Source: Accord Fintech
2024-04-04 02:46:24 pm
Poonawalla Fincorp surges on recording 52% growth in total disbursements during Q4FY24 Poonawalla Fincorp is currently trading at Rs. 498.15, up by 3.40 points or 0.69% from its previous closing of Rs. 494.75 on the BSE. The scrip opened at Rs. 503.95 and has touched a high and low of Rs. 506.00 and Rs. 495.00 respectively. So far 221613 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-Jan-2024 and a 52 week low of Rs. 285.40 on 10-Apr-2023. Last one week high and low of the scrip stoo...
Poonawalla Fincorp surges on recording 52% growth in total disbursements during Q4FY24
Poonawalla Fincorp surges on recording 52% growth in total disbursements during Q4FY24
Source: Accord Fintech
2024-04-04 12:22:31 pm
L&T Finance Holdings trades higher on reporting 33% rise in retail disbursements during Q4FY24 L&T Finance Holdings is currently trading at Rs. 171.95, up by 1.90 points or 1.12% from its previous closing of Rs. 170.05 on the BSE. The scrip opened at Rs. 174.70 and has touched a high and low of Rs. 175.00 and Rs. 171.60 respectively. So far 246354 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.00 on 05-Feb-2024 and a 52 week low of Rs. 83.02 on 06-Apr-2023. Last one week high and low of the scri...
L&T Finance Holdings trades higher on reporting 33% rise in retail disbursements during Q4FY24
L&T Finance Holdings trades higher on reporting 33% rise in retail disbursements during Q4FY24
Source: Accord Fintech
2024-04-04 11:51:32 am
PFC pays record interim dividend of Rs 3,630 cr for 2023-24 The Power Finance Corporation (PFC), a Maharatna Central Public Sector Enterprise, paid Rs 554 crore as the third interim dividend to the government on Wednesday for the financial year 2023-24. This is in addition to the first interim dividend of Rs 832 crore and the second interim dividend of Rs 647 crore paid earlier by the PFC to the government for its share of equity. The total interim dividend paid to the government, which has a 56% stake in PFC, works out to Rs 2,033 crore. With t...
PFC pays record interim dividend of Rs 3,630 cr for 2023-24
PFC pays record interim dividend of Rs 3,630 cr for 2023-24
Source: IANS
2024-04-04 09:50:13 am
Choice International rises as its arm secures solar plant project in partnership with Solar91 Cleantech Choice International is currently trading at Rs. 291.20, up by 1.25 points or 0.43% from its previous closing of Rs. 289.95 on the BSE. The scrip opened at Rs. 295.35 and has touched a high and low of Rs. 296.15 and Rs. 291.00 respectively. So far 32163 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 301.90 on 20-Feb-2024 and a 52 week low of Rs. 137.48 on 05-Apr-2023. Last one week high and low of the scrip st...
Choice International rises as its arm secures solar plant project in partnership with Solar91 Cleantech
Choice International rises as its arm secures solar plant project in partnership with Solar91 Cleantech
Source: Accord Fintech
2024-04-03 11:43:28 am
Constant vigil needed to mitigate risks in financial sector: M Rajeshwar Rao Deputy Governor M Rajeshwar Rao has said the Reserve Bank of India (RBI) will keep continuous vigil to mitigate risks as unbridled credit growth can be deleterious to the health of a financial entity and if widespread, it could give rise to systemic concerns. Rao said as a regulator, the RBI's endeavour always is to promote a robust and resilient financial intermediation system with an appropriate regulatory and supervisory framework. He said the technological developments and innovati...
Constant vigil needed to mitigate risks in financial sector: M Rajeshwar Rao
Constant vigil needed to mitigate risks in financial sector: M Rajeshwar Rao
Source: Accord Fintech
2024-04-03 11:15:17 am
CCI okays IFC`s acquisition of Northern Arc shares The Competition Commission of India (CCI) has approved the acquisition of compulsorily convertible preference shares in Northern Arc Capital Limited by the World Bank’s International Finance Corporation (IFC). The proposed combination involves the acquisition of fully paid subscription shares in Northern Arc by the IFC. The subscription shares represent approximately 6 per cent of the total issued and paid-up share capital of Northern Arc on a fully diluted basis, along with certain ...
CCI okays IFC`s acquisition of Northern Arc shares
CCI okays IFC`s acquisition of Northern Arc shares
Source: IANS
2024-04-03 09:34:12 am
Kotak Securities and NISM reach 68000 young Indians through their flagship Financial Literacy Program `Kona Kona Shiksha `during FY24 Mumbai, 2 April, 2024: Kotak Securities Limited (KSL) announced that it has imparted financial literacy to more than 68000 young Indians through its “Kona Kona Shiksha” initiative in collaboration with the National Institute of Securities Markets (NISM) during FY24. “Kona Kona Shiksha” is a CSR initiative launched in July 2021 to promote financial literacy to young citizens of the country.  Since its inception, NISM has conducted 2626 programs at over 1700...
Kotak Securities and NISM reach 68000 young Indians through their flagship Financial Literacy Program `Kona Kona Shiksha `during FY24
Kotak Securities and NISM reach 68000 young Indians through their flagship Financial Literacy Program `Kona Kona Shiksha `during FY24
Source: PR Agency
2024-04-02 06:03:34 pm
Applications Invited for Prodigy Finance Annual Scholarship Programme 2024-2025 * Five students will receive scholarships worth $5000 each * Applications will open on April 01, 2024, and close on April 30, 2024 * Students should be from a Prodigy Finance supported region * Students should be looking to study their master's abroad, at a Prodigy Finance supported school, within the 2024–2025 academic year (August 2024–May 2025) Prodigy Finance is thrilled to launch its scholarship programme for the academic year 2024–2025. This initiative ...
Applications Invited for Prodigy Finance Annual Scholarship Programme 2024-2025
Applications Invited for Prodigy Finance Annual Scholarship Programme 2024-2025
Source: PR Agency
2024-04-01 12:21:28 pm
Stock Picks : JSW Steel Ltd And LIC Housing Finance Ltd By ICICI Direct JSW Steel Ltd Buy JSW Steel Ltd @828-830Target 839.00 Stop Loss 824.40   LIC Housing Finance Ltd  Buy LIC Housing Finance Ltd @607-609 Target 615.00Stop Loss 604.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : JSW Steel Ltd And LIC Housing Finance Ltd By ICICI Direct
Stock Picks : JSW Steel Ltd And LIC Housing Finance Ltd By ICICI Direct
Source: ICICI Direct
2024-04-01 10:21:58 am