Sachin Bansal ventures into financial services

Sachin Bansal ventures into financial services

Bengaluru: Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS), in what is probably a stepping stone into the broader financial services space for the internet billionaire. Bansal has acquired 94% stake, allowing a majority...
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AU Small Finance Bank rises 2% on stable asset quality of vehicle financing segment

AU Small Finance Bank rises 2% on stable asset quality of vehicle financing segment

Shares of AU Small Finance Bank gained 1.6 percent intraday on September 18 after brokerage firm Citi said the company has a stable asset quality of vehicle financing segment. The brokerage has maintained buy call on AU Small Finance Bank with a...
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Muthoot Finance may shut Kerala branches amid frequent union strikes

Muthoot Finance may shut Kerala branches amid frequent union strikes

Out of 623 branches in Kerala, 265 were opened for transactions today of which 15 branches have been forcibly closed. Muthoot Finance may shut Kerala branches amid frequent union strikes  |  Photo Credit: BCCL Ernakulam: Muthoot Finance, the country’...
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Tweaks In Super Rich Cess Expected As PMO, Finance Ministry Meet To Discuss Impact

Tweaks In Super Rich Cess Expected As PMO, Finance Ministry Meet To Discuss Impact

In the Budget 2019, Finance Minister Nirmala Sitharaman had proposed a higher surcharge on those earning over Rs 2 crore. Since the tax implications cover individuals or HUF or association of persons or body of individuals (domestic or foreign), the...
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Indiabulls Housing Finance shares plummet 10% after Subramanian Swamy’s letter to PM Modi alleging fraud

Indiabulls Housing Finance shares plummet 10% after Subramanian Swamy’s letter to PM Modi alleging fraud

Indiabulls Housing Finance shares slump on Subramanian Swamy letter to PM Modi alleging financial fraud Shares of Indiabulls Housing Finance tumbled heavily after Subramanian Swamy wrote a letter to Prime Minister Narendra Modi accusing the company of embezz...
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Will borrowers benefit if RBI regulates housing finance companies? 4 experts weigh in

Will borrowers benefit if RBI regulates housing finance companies? 4 experts weigh in

The Budget has proposed that the RBI, and not the National Housing Bank, regulate housing finance companies. ET Wealth asks industry experts and consumer activists if this will benefit customers. Neera Saxena, MD and CEO, GIC Housing Finance says YES &#8...
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