E-PaperFinancial Services Sector News
Edelweiss closes EISAF II fund with $1.3 billion corpus
EISAF II is part of Edelweiss's alternative assets business, a nine-year-old venture that currently has $3 billion in assets under management
2 min read18 Jan 2019Imminent NBFC slowdown could lead to credit crunch
Faced with constrained funding supply, NBFCs may step up asset sell-downs, according to a Credit Suisse report
1 min read19 Oct 2018SBI’s support may fall short as NBFCs see rise in borrowing cost
State Bank of India (SBI) has announced a liquidity support by trebling its portfolio purchase of loans from NBFCs
2 min read12 Oct 2018Startups Reverse Pitch: Blockchain based data privacy for fintech
The challenge of access to finance itself is overwhelming; added to it, the fear of the unknown in the event of a data breach is daunting to many, says Aavishkaar's Sushma Kaushik
1 min read13 Jun 2018True North in talks to buy 26% stake in Federal Bank’s NBFC
ICICI Securities is advising Federal Bank on the Fedfina stake sale, and the transaction is likely to conclude within a few weeks
2 min read23 Apr 2018ICICI Securities IPO: a bet on rising household investment in markets
ICICI Securities is betting on getting a lift off from the shift in household savings to financial assets from physical assets in the aftermath of demonetisation
2 min read19 Mar 2018Sumitomo Mitsui exits Reliance Capital, sells shares for Rs456 crore
Sumitomo Mitsui sold 70 lakh shares in Reliance Capital at Rs650.85 apiece, Royal Bank of Scotland picked up 1.72 crore shares for Rs112 crore
1 min read20 Jul 2017Paris woos 20,000 bankers from London amid Brexit rupture
Paris will make its case to London-based executives as it competes for talent with rival cities such as Frankfurt
2 min read4 Jan 2017NPAs’ resolution is a multi-year process, not a multi-quarter one: Gunit Chadha
Former Deutsche Bank executive Gunit Chadha shares his views on the future of banking, his passion for angel investing, how NBFCs need an overhaul, and more
4 min read13 Dec 2016HFFC may raise Rs300 crore from Morgan Stanley PE
Home First Finance Co.'s fundraising efforts part of drive to ensure there is enough firepower to fuel its expansion plans
3 min read12 Oct 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared