IIFL Finance, a unit of IIFL Financial Holdings got approval from Reserve Bank of India to acquire Bangaluru based microlender Samasta Microfinance Ltd. The valuation of the deal is not disclosed. The acquisition will help IIFL to enter into micro finance segment and to extend its wide ranging financial services.
India Infoline has cut its home loan rates to 9.55 per cent from 9.65 per and reduced the processing fee to a flat Rs. 5000.
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