Buy Shriram City Union Finance; target of Rs 2000: Cholamandalam Securities
SCUF’s, AUM grew by 7.7% YoY to INR 296bn in 4QFY19 predominantly led by growth in SME (14.8%YoY), 2Ws segment (6.9%YoY), and Other Non-gold loans (4.3%YoY). Consequently the loan mix was noted at SME...
View ArticleICRA downgrades Yes Bank, Anil Ambani’s Reliance Home Finance, Commercial...
For the Anil Ambani-run Reliance Home Finance, where the agency has an outstanding rating on a Rs 1,200 crore commercial paper program, the rating has been downgraded to junk grade of D from A4 with...
View ArticleFinance panel to reconcile data for its report
Amid a cloud over the credibility of India’s key economic statistics, the 15th Finance Commission has said that it will reconcile data from various public sources to come up with its own conclusion of...
View ArticleIndiabulls Housing Finance falls 2% post Moody’s corporate family rating
Shares of Indiabulls Housing Finance slipped more than 2 percent intraday Monday after Moody’s initiated the corporate family rating at Ba1. The international rating agency Moody’s has initiated the...
View ArticleVenice floods show Europe needs sustainable finance to avoid disaster
In November last year, high winds combined with a seasonal high tide put much of Venice under water as well as causing the devastating loss of life and destruction elsewhere in Italy. The Venetian...
View ArticleNew To The Finance Field? 10 Industry Pros Offer Tips For Young Executives
Today’s finance professionals are entering the workforce at a difficult time. New technology and currencies are rising, the market is in flux, and the economy is increasingly global, making it...
View ArticleEveready Appoints Two Senior Finance Officials, Co Denies
Eveready Industries India Ltd (EIIL) has appointed two joint chief financial officers, amid talks that its parent, the Williamson Magor Group, is scouting for a strategic partner for the dry cell...
View ArticleHopes of cheaper finance, consumption growth to propel equities
Reserve bank of India will announce the FY20’s second bi-monthly monetary policy on June 6. Currently, the policy repo, or central bank’s short-term lending rate for commercial banks, stands at 6 per...
View ArticleRBI to consider ‘on tap’ licensing for small finance banks
The Reserve Bank of India (RBI) on June 6 said it was considering “on tap” licensing for small finance banks. The central bank said it would issue draft guidelines on the licensing of such banks by...
View Article10 Top Personal Finance Bloggers to Follow in 2021
With the new year right around the corner, one of the top things you’ll inevitably want to focus on will be your finances—especially after a year like 2020. To help you accomplish that, here is a list...
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