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JALANDHAR BASED LENDER
Capital Small Finance Bank raises yearly growth target to 24Capital Small Finance Bank is set for major growth. The bank aims to double its business to Rs 16,000 crore by 2029. This expansion will be...- RBI cancels licence of Jalandhar-based Imperial Urban Co-op BankThe Reserve Bank of India (RBI) has revoked the license of Jalandhar's Imperial Urban Co-operative Bank due to insufficient capital and poo...
- Capital Small Finance Bank Q1 Results: Net profit flat at Rs 30 crore, NII up at Rs 99 croreCapital Small Finance Bank's net profit for the June quarter remained flat at Rs 30.02 crore against Rs 30.1 crore in the year ago period e...
- PJTL lenders agree for Rs 1,020 crore one-time settlementLenders of Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement on Rs 3400 crore dues, accepting a Rs 1,020-crore all...
- Capital Small Finance Bank gets Sebi nod to launch IPOThe proposed IPO consists of a fresh issue of Rs 450 crore and an offer for sale (OFS) of up to 2,412,685 equity shares.
- Max Life buys 2.99% stake in Capital SFBThe Jalandhar-based lender, the country's first small finance bank, allotted 1.06 million shares to the insurance company at ₹468 per share...
- Reliance acquires Metro AG's India business for Rs 2,850 croreThrough this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, ...
- Trucap Finance buys out retail MSME book of EZ Capital, gets Rs 105 crore funding from Zeal GlobalTrucap has around 450 people and runs 68 branches and is primarily into low ticket (Rs 1.2 lakh) MSME funding and gold loans.
- EZ Capital to offer Gold Loans alongside Dhanvarsha Finvest Limited
- JC Flowers close to taking control of EPC company Soma EnterpriseJC Flowers & Co is set to take control of the road, metro and hydroelectric projects of Soma Enterprise, multiple people said, after most o...
- Downing the shutters, again for MSMELocal lockdowns, delayed payments and rising costs have hurled MSMEs into another cycle of financial stress. Will they survive the second C...
- For agriculture financing, the future may be cashless loansfarMart started with an Uber-like model for tractors, but is now providing credit loan to underserved farmers and addressing some basic far...
- Sponsor of MS Dhoni, Sachin Tendulkar is in the red, defaults on paymentIf sources close to former India skipper are to be believed, Spartan’s Kunal Sharma has not paid close to about $2 million to Dhoni.
- Mapping the market: Sleeping giant RIL wakes up, OMCs rally as GNA Axles makes grand debutIndia VIX soared 9.94% ahead of the expiry of Sept series futures and options contracts, with the segment turnover on NSE swelling to Rs 4,...
- Satin Creditcare Network to raise $25 million next quarterPromoters hold 35% in Satin while overseas investors such as ShoreCap, MV Mauritius and SBI-FMO hold 49%. The balance 16% is held by genera...
- Why Raghuram Rajan turned a blind eye to microfinance firms from eastRajan, many believe, has played it safe. Doling out licences to MFIs with a strong eastern connect would have put the fledgling Bandhan Ban...
- Marginal farmers and business get reason to cheer as RBI grants licenses to 10 small banksAmong those that bagged licences are Au Financiers, Ujjivan Financial, Utkarsh Micro Finance and Janalakshmi Financial, run by a former Cit...
- Another scam breaks, top finance execs heldCBI has arrested eight finance executives, accusing them of taking bribes to give big corporate loans and sending shockwaves through stock ...
- Big deals help Indian law firms enter the global leagueIndian firms closed 36 project finance deals valued at $31.9 billion, an increase of 158% over the same period last year.
- IVRCL gets financial closure for Rs 237.75 cr projectIVRCL Infrastructures and Projects Ltd on Friday said it has achieved the financial closure of its Rs 237.75 crore Jalandhar Amritsar Road ...
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