News - Apr 2017
29th Apr 17 Indiabulls home launches new campaign to connect with migrants
Indiabulls home Loans has launched ‘Sheher Mein Apna Ghar Ho Toh’ campaign that directly connects with the migrant population in a city. This initiative enables migrants to connect better with the new city while buying their new house. Moreover, the company’s target is to provide the convenience and superior home loan experience.
29th Apr 17 YES Bank invites applications for business accelerators programme Yes Fintech
Yes bank has announced the launch of a business accelerator programme-yes fintech, for fintech startups. This initiative is in association with T-Hub and Anthill Ventures. With this program, the bank aims to deliver innovative banking and financial solutions for the bank’s retail and corporate customers.
29th Apr 17 Ujjivan financial services net profit doubles in Q4
Ujjivan financial services ltd, the holding company of Ujjivan Small Finance Bank, has posted a standalone net profit of Rs. 3.74 crore for the fourth quarter of FY16-17 against Rs. 1.87 crore posted in the same period last year. The company furthur reported that there have been significant improvements in terms of lower marginal costs of borrowing for term loans and NCDs.
29th Apr 17 HDFC plans to raise Rs.5000 crore via masala bonds
One of the largest mortgage lender, HDFC Ltd plans to raise Rs. 5000 crore through the issue of rupee denominated bonds (masala bonds). The board of directors will consider the proposal for issuance of rupee denominated bonds to overseas investors under automatic route during FY17-18 on 4 May, 2017.
29th Apr 17 IFC to invest $100 million dollars in Fullerton India Credit Company bond issue
IFC (international finance corporation) has proposed to invest $100 million in Temasek Holdings owned Fullerton India credit company through subscription to the masala bonds or NCDs. The objective stated by the financial institution behind this funding is to uplift the economically backward segment.
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