Arvind Kapil is currently the group head mortgage banking business at the bank which includes home loans, loans against property (LAP) and ...

The lender has achieved ₹7,500 crore of AUM from ₹5,600 crore as on September 2022. With most customers coming from the lower middle-class ...

Profits were helped by a gain of '2,309 crore due to the sale of Poonawalla Housing Finance to TPG Global LLC, which was approved by the Re...

" We say that the next HDFC is HDFC and similarly, the next Bajaj Finance is Bajaj Finance. Obviously, we cannot expect an encore of the la...

The Cyrus Poonawalla Group, more known for its vaccine-making business under the Serum Institute, in a statement said the financial conside...

Shriram Housing Finance had assets under management (AUM) of Rs 7,200 crore at the end of December. Baring PE Asia had previously been amon...

Household spending on essential categories and services is expected to more than double by 2030, leading to a rise in demand for loans, whi...

"Going forward, we will only focus on organic growth in our current and proposed line of business. We will continue to build a strong retai...

The decision was in line with the company's plan to focus on consumer & MSME financing. The Poonawalla Fincorp board approved the deal Wedn...

The sale of the business is expected to enhance shareholders’ value in the long term, as Poonawalla Fincorp focusses on building a tech-led...

Total disbursements were Rs 3,720 crore on a consolidated basis in the year-ago quarter. Sequentially, disbursements rose by 8 per cent in ...

The scrip was trading 3 per cent higher at Rs 316 over its previous day’s trading price of Rs 306 apiece. The stock has risen about 42 per ...

Vijay Deshwal, a post-graduate from Indian Institute of Management Ahmedabad (IIMA) is a seasoned banker with a track record of two decades...

Magma Fincorp operates in retail finance, SME finance, housing finance and general insurance business. It has been catering for three decad...

Earlier this month, the Poonawalla Group and Magma Fincorp announced that the group will acquire a controlling 60 per cent stake in the com...

An extraordinary general meeting (EOGM) of the members of Magma Fincorp will be held on Tuesday, March 9, 2021.

The preferential allotment is for an aggregate value of Rs. 3,456 crores, subject to shareholders’ and other regulatory approvals, the comp...