CashNews.co AU Small Finance Bank (AU SFB) has joined forces with United India Insurance Company (UIIC), aiming to enhance its insurance offerings. This collaboration will enable AU SFB to provide its customers with a wide range of general insurance solutions including motor, personal accident, crop, property, shopkeeper and cyber incident insurance. It aligns with AU […]
CashNews.co The partnership is in line with AU SFB’s vision of becoming a ‘Forever Bank’. Credit: Pavel Kapysh/Shutterstock. AU Small Finance Bank (AU SFB) has joined forces with United India Insurance Company (UIIC), aiming to enhance its insurance offerings. This collaboration will enable AU SFB to provide its customers with a wide range of general […]
CashNews.co What’s going on here? Bajaj Housing Finance’s IPO is now open to the public, aiming to raise $782 million and cementing its position as India’s top home loan provider. What does this mean? After securing $209 million from major institutional investors, Bajaj Housing Finance is gearing up for one of India’s largest IPOs this […]
CashNews.co The initial public offering (IPO) of Bajaj Housing Finance Limited opened for bidding on Monday as the public issue looks to raise Rs 6,560 crore. Bajaj Housing Finance, established in 2008, is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015. It began offering mortgage loans in 2018. […]
CashNews.co BENGALURU (Reuters) – Bajaj Housing Finance’s IPO, one of India’s largest offerings this year, opens for public subscription on Monday after raising about $209 million from major institutional investors, with analysts predicting strong interest amid booming demand for home loans. The $782 million IPO, which will make the company India’s most valuable listed home […]
CashNews.co 1 By Samantha BarnesInternational Banker With an economy that grew by a stellar 8.2 percent in the financial year ending March 2024, India remains one of the world’s fastest-growing big economies this year—as well as one of the great hopes for global economic growth over the coming decades. At the same time, the labour […]
CashNews.co Bajaj Housing Finance Limited (BHFL), a major participant in India’s housing finance industry, is ready to launch its Initial Public Offering (IPO). On Friday, September 6, Bajaj Housing Finance disclosed that it has received ₹1,758 crore from anchor investors prior to initiating its first public share-sale for public subscription. The public subscription for the […]
CashNews.co Fortune IndiaBajaj Housing Finance, Kross, Tolins Tyres IPOs to open today; ₹7,290 cr at stakeAhead of opening of the IPO, shares of Bajaj Housing Finance were commanding a GMP of 81% in the grey market..33 minutes ago Read More #cashnews #India #finance
CashNews.co Interest rate is cost of money. Lower the rate, easier it is to borrow. From the equity market perspective, money being one of the inputs for business, performance will be that much better. Not just for production, money finds its way into asset markets as well, e.g. equity market, for deployment. Hence the equity […]
CashNews.co NEW DELHI: NBFC Shriram Finance plans to raise $1 billion (about Rs 8,300 crore) from overseas in the next 6 months to fund its business growth. “We are planning to raise $300 million in the next few weeks, may be by October and rest $500-700 million during the remaining part of the current financial […]