Financial Services Archives - Page 11 of 17

Edelweiss Asset Management on Friday said it will launch the second tranche of Bharat Bond ETF in July, with two new series, to raise up to Rs 14,000 crore. https://economictimes.indiatimes.com/mf/mf-news/bharat-bond-etfs-second-tranche-coming-in-july-aims-to-garner-up-to-rs-14000-cr/articleshow/75890439.cms

Deposits rise over Rs 2.8 lakh crore in six weeks of lockdown

StandardMay 22, 2020by Admin0 Comments

Bank deposits have risen by over Rs 2.8 lakh crore in three fortnights of the lockdown till May 8, while bank credit during the period dipped by Rs 1.2 lakh crore, according to data released by the Reserve Bank of India. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/deposits-rise-over-rs-2-8-lakh-crore-in-six-weeks-of-lockdown/articleshow/75884568.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Fund Raising

Private equity firm KKR to invest Rs 11,367 crore in Reliance Jio for 2.32% stake

StandardMay 22, 2020by Admin0 Comments

Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and now KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms. https://www.moneycontrol.com/news/business/companies/kkr-to-invest-rs-11367-crore-in-reliance-jio-ril-for-2-32-stake-5300311.html

Banks, COVID-19 Business Updates, NBFCs

RBI Governor Shaktikanta Das Highlights: RBI defers loan repayments by 3 more months; cuts repo rate 40 bps, eases monetary policy

StandardMay 22, 2020by Admin0 Comments

RBI Governor Shaktikanta Das Press Conference | Highlights: Reserve Bank of India has extended the moratorium on loan repayments by another three months to 31 August 2020, while it also cut policy repo rate by 40 basis points to 4.0% after an unscheduled meeting of the Monetary Policy Committee. https://www.financialexpress.com/economy/rbi-governor-shaktikanta-das-press-conference-live-updates-reverse-repo-rate-crr-t-ltro-liquidity-monetary-easing/1967031/

Banks

Bank credit grows 6.52 per cent to Rs 102.52 lakh cr; deposits up 10.64 per cent

StandardMay 21, 2020by Admin0 Comments

The Reserve Bank of India (RBI), in a separate release, said bank credit growth (y-o-y) decelerated for the fourth successive quarter in December 2019 as industrial credit growth (-0.8 per cent) moved to the negative terrain for the first time after September 2017. During the quarter, personal loans segment continued to grow at a robustContinue reading

Fund Raising

Tata Power arm TPIPL acquires 10% equity in ABV; total stake rises to 50%

StandardMay 21, 2020by Admin0 Comments

This acquisition has been done as per the provisions of the shareholder agreement. After this acquisition, the company through TPIPL holds 50 per cent stake in ABV. https://www.financialexpress.com/industry/tata-power-arm-tpipl-acquires-10-equity-in-abv-total-stake-rises-to-50/1965412/

Fund Raising

Dabur chairman, Amit Burman, buys wellness startup stake

StandardMay 21, 2020by Admin0 Comments

NWNT, a bootstrapped startup set up by psychiatrist Sandeep Vohra in 2011, uses augmented human intelligence-based technology to screen, evaluate, prevent and treat emotional and mental health disorders. Read more at: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/dabur-chairman-amit-burman-buys-wellness-startup-stake/articleshow/75858410.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

COVID-19 Business Updates, NBFCs

Govt eases norms of partial credit guarantee scheme to help NBFCs, HFCs

StandardMay 20, 2020by Admin0 Comments

Under the modified Partial Credit Guarantee Scheme, sovereign guarantee of up to 20 per cent of first loss will be provided to state-owned banks for purchase of bonds or commercial papers of NBFCs, MFIs and housing finance companies (HFCs) having a credit rating of AA or below, including unrated paper with original maturity of upContinue reading

COVID-19 Business Updates, NBFCs

Govt clears Rs 30,000 cr special liquidity scheme for stressed NBFCs, HFCs

StandardMay 20, 2020by Admin0 Comments

This is a post facto approval from the Cabinet as the scheme was announced as part of the first tranche of the Rs 21 lakh crore comprehensive economic package. The statement further said an SPV would be set up to manage a Stressed Asset Fund (SAF) whose special securities would be guaranteed by the governmentContinue reading

Fund Raising

Facebook co-founder’s B Capital backs bookkeeping app Khatabook for MSMEs; leads $60 million round

StandardMay 20, 2020by Admin0 Comments

Credit and Finance for MSMEs: Small businesses are gradually shifting to the digital channel of recording transactions and book-keeping to streamline their operations and boost efficiency in cash flows. https://www.financialexpress.com/industry/sme/msme-fin-khatabook-raises-60-million-from-facebooks-eduardo-saverin-b-capital-sequoia-dst-global-tencent-kunal-bahl-kunal-shah/1964867/

The Posiview

Category : Financial Services

Bharat Bond ETF’s second tranche coming in July; aims to garner up to Rs 14,000 cr

Deposits rise over Rs 2.8 lakh crore in six weeks of lockdown

Private equity firm KKR to invest Rs 11,367 crore in Reliance Jio for 2.32% stake

RBI Governor Shaktikanta Das Highlights: RBI defers loan repayments by 3 more months; cuts repo rate 40 bps, eases monetary policy

Bank credit grows 6.52 per cent to Rs 102.52 lakh cr; deposits up 10.64 per cent

Tata Power arm TPIPL acquires 10% equity in ABV; total stake rises to 50%

Dabur chairman, Amit Burman, buys wellness startup stake

Govt eases norms of partial credit guarantee scheme to help NBFCs, HFCs

Govt clears Rs 30,000 cr special liquidity scheme for stressed NBFCs, HFCs

Facebook co-founder’s B Capital backs bookkeeping app Khatabook for MSMEs; leads $60 million round

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