Piramal Finance
Our becoming bank rests on regulatory intent for NBFCs: Piramal Finance MD
In a Q&A, Jairam Sridharan dwells on his company's proposed retail thrust and the challenges facing the NBFC sector
 "Our becoming bank rests on regulatory intent for NBFCs: Piramal Finance MD")
Piramal Finance launches innovation lab in Bengaluru, to have 300 members
Piramal Capital & Housing Finance Ltd., (Piramal Finance), the wholly-owned subsidiary of Piramal Enterprises Ltd ('PEL'), on Thursday announced the opening of its 'Innovation Lab' at Bengaluru, where it aims to have a team of over 300 professionals for various tech and business intelligence positions by the end of financial year 2022-23. MD, Piramal Capital & Housing Finance Ltd., Jairam Sridharan said Piramal Finance is rapidly expanding its footprint in Tier II and III cities of 'Bharat' and the innovation centre here is a significant element of its growth strategy. "The financial services industry is rapidly evolving, and this initiative will accelerate the development of next-generation lending solutions and analytics that align with how consumers are reimagining the industry. Nurturing innovation is a part of our core ethos, and the centre will help us to create a vibrant ecosystem of fintechs, start-ups and tech innovators", he was quoted as saying in a company ...
 "Piramal Finance launches innovation lab in Bengaluru, to have 300 members")
Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital
Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among 14 prominent firms that have expressed interest to acquire Reliance Capital Ltd, promoted by Anil Ambani Group, sources said
 "Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital")
Piramal Enterprises Q3 profit rises 11% to Rs 888 crore
The company had posted a net profit of Rs 799 crore for the same period last fiscal year
 "Piramal Enterprises Q3 profit rises 11% to Rs 888 crore")
NCLAT urges CoC rethink on Piramal ascribing Re 1 value to DHFL's bad loans
63 Moons Technologies had moved tribunal over the low valuation ascribed to assets worth Rs 40,000 cr, with DHFL lenders getting nothing if Piramal group recovered from these loans later
 "NCLAT urges CoC rethink on Piramal ascribing Re 1 value to DHFL's bad loans")
Three directors quit Piramal Entreprises board to aid succession planning
Keki Dadiseth, Dr. R.A. Mashelkar and Prof. Goverdhan Mehta, independent directors on the board of Piramal Enterprises have resigned, the company informed BSE
Piramal Fin to invest Rs 30 bn in affordable, mid-income housing projects
The company has identified projects in the Mumbai metropolitan region, Bengaluru and Chennai
 "Piramal Fin to invest Rs 30 bn in affordable, mid-income housing projects")
Piramal Finance to expand in tier II cities; up biz in non-realty sectors
By 2020, Piramal Enterprises expects the loan book for the home loan business to reach Rs 150 billion
 "Piramal Finance to expand in tier II cities; up biz in non-realty sectors")
Piramal Finance launches housing finance subsidiary
Plans to achieve Rs 15,000 crore loan book by 2020
Piramal Finance sanctions Rs 400-cr in emerging, mid-market biz
The firm has provided funding to sectors as diverse as automotive dealerships, pharma, manufacturing
 "Piramal Finance sanctions Rs 400-cr in emerging, mid-market biz")
Piramal Finance extends Rs 700 cr credit to ACME Solar
Khushru Jijina, the MD of Piramal Finance, said that this is second round of funding to ACME group
 "Piramal Finance extends Rs 700 cr credit to ACME Solar")
Piramal Finance lends Rs 1,100 crore to real-estate developer Embassy Group
This has been done across residential, commercial projects in Bengaluru, Chennai and Hyderabad
 "Piramal Finance lends Rs 1,100 crore to real-estate developer Embassy Group")
