Page 9 - Finance Sector

ED attaches fresh assets of Kerala finance company, promoters

The agency again issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach fresh properties of these entities

Fintech startup mPokket plans to hire 1,500 people in 2022

The Kolkata-based company recruited over 500 people across all functions between April and December 2021

Validus Wealth plans to grow AUM five times in next three years

The company has crossed the USD 1-billion mark in three years of operations

FSS, CSB Bank to open 1,000 Smart Cash franchisees for financial inclusion

Modelled on a branch-in-a-box service concept, Smart Cash franchisees would offer affordable banking, investment, credit, and insurance products to target segments

FSS launches UPI e-voucher to advance financial inclusion

The UPI e-voucher enables customers to transfer funds for a specific purpose in real-time to any mobile number, regardless of whether the beneficiary has a bank account

Sebi levies Rs 1.15 cr fine on Voltaire Leasing and Finance, others

They violated Prohibition of Fraudulent and Unfair Trade Practices norms

Sundaram receives Sebi nod for purchase of Principal AMC in India

Sundaram Asset Management Company would acquire the schemes managed by Principal India and acquire 100 per cent of the share capital of Principal Asset Management Pvt Ltd

HFCs report 7.4% rise in Q2 net profit; net operating income up by 15.1%

Sequentially, 10 listed HFCs booked a 26.1 per cent growth in net profit over Rs 3,975 crore in June 2021 (Q1 of FY22)

CredAble launches UpScale to enable financial inclusion among SMEs

With UpScale, CredAble will penetrate deeper into the ecosystem with tailor-made solutions for small business owners

Srei Group expects delay in Q2 results on insolvency order

The comapny on Wednesday said there may be a delay in submitting the financial results

IndoStar Capital Finance Capital profit at Rs 39 crore in Sept quarter

The company on Wednesday reported 25 per cent rise in net profit

Credit rating agencies still vulnerable to new biz risks, say experts

Agencies insist they have improved supervision and governance

Shriram Capital closes in on a merger deal with two lending units

Unlisted Shriram Capital is in the process of firming up the amalgamation with Shriram Transport Finance Co and Shriram City Union Finance Ltd

S&P upgrades Manappuram Finance's long term rating from 'B+' to 'BB-'

S&P expects that Manappuram Finance will continue to perform better than its NBFC peers over the next 12 months

Govt likely to introduce 2 key financial sector bills in winter session

The two key financial sector bills may include the proposed law for facilitating privatisation of public sector banks

The FinCradle Story: Training Students to bag their dream jobs in Finance industry

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Tax4Wealth Founder Himanshu Kumar Utilizes EdTech to Spread Finance Literacy

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Angel Broking adds 450,000 customers in Aug on millennial-centric approach

Angel Broking on Thursday said it has onboarded 450,000 customers in August, taking the total base to 6.1 million

Supreme audit institutions can become partners in evaluating economy: CAG

Supreme audit institutions can become valued partners in objectively evaluating resourcesand effectiveness of public expenditure to provide insight for optimising public finance management

Cholamandalam Financial Holdings reports Q1 consolidated PAT at Rs 357 cr

Cholamandalam Financial Holdings Ltd (CFHL) has recorded a consolidated profit after tax for the quarter ending June 30, 2021 atRs 357 crore, the company said on Thursday.