Posted in Finance

Repco Home Finance Q1 earnings fail to shine as growth remains elusive

Repco Home Finance (RHF), an established housing finance company in South India with over 15 years of operations, reported subdued Q1 FY20 earnings. Net profit…

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Posted in Finance

Q1 results: Muthoot Finance posts 9% rise in consolidated PAT

The consolidated profit after tax of Muthoot Finance Ltd has registered a 9 per cent increase at Rs 563 crore in Q1 against Rs 518…

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Who will bear the cost of zero MDR?: Payment cos ask Finance Ministry, RBI

Given higher costs, digital payment providers doubtful of banks footing the bill Who will bear the cost of zero Merchant Discount Rate (MDR)? This is…

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L&T Finance arm becomes first NBFC to get $100 million loan from AIIB

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank headquartered in Beijing, has provided a $100-million loan to L&T Infrastructure Finance Company Limited (LTIF),…

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What does the startup ecosystem expect from Finance Minister Nirmala Sitharaman’s maiden Budget?

All eyes will be on Finance Minister Nirmala Sitharaman on July 5 as she presents her first Budget. And expectations from the Union Budget 2019 are aplenty…

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PSBs infused with ₹3.19 trillion capital in last five years: Finance Ministry

New Delhi: Over the last five Financial Years (FYs), public sector banks (PSBs) have been infused with capital to the extent of ₹3.19 trillion, with recapitalisation of ₹2.5…

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DHFL rises above 5% after Warburg Pincus acquires stake in Avanse Finance

Shares of Dewan Housing Finance Ltd rose as much as 5.90 percent on Monday on reports that global private equity major Warburg Pincus Group is likely…

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MG Motor India ties up with SBI for dealer finance

MG Motor India on Monday said it has joined hands with State Bank of India (SBI) to provide wholesale inventory finance to its dealers through the bank’s…

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Finance Minister Arun Jaitley goes to US for ‘medical check-up’, say sources

Finance Minister Arun Jaitley has left for the United States for a “regular medical check-up”, following a kidney transplant last year, two people with direct…

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Telangana CM pitches for change in Finance Commission’s functioning

Telangana Chief Minister K Chandrasekhar Rao Saturday favoured a change in the way the Finance Commission functioned and devolution of funds to states is decided…

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