Banking & Finance – Feedback

Banking & Finance

International Finance Corporation, the investment arm of World Bank, is betting big on affordable housing in India. It has invested in a dozen companies that are either building affordable homes or lending to home buyers in this segment. In an email interview with Ranju Sarkar, the firm’s South Asia Director MENGISTU ALEMAYEHU explains why IFC […]

Capital First today said the regulator National Housing Bank (NHB) has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with IDFC Bank. “We would like to inform you that the National Housing Bank (NHB) has vide its letter dated February 19, 2018 intimated that NHB has no […]

PNB Housing Finance Ltd. has tied up with International Finance Corporation (IFC), part of the World Bank Group, to raise $800 million for green and affordable housing in India, a person with knowledge of the matter said. IFC is in negotiations with two other housing finance firms to invest another $150 million, as well as […]

HDFC has initiated discussions for a possible acquisition of Apollo Munich Health Insurance after India’s largest mortgage company raised capital to pursue an inorganic growth strategy, people directly aware of the matter said. HDFC, one of the contenders for buying Start Health and Allied Insurance, has shifted focus to Apollo, which incidentally has a common […]

India’s largest public sector lender State Bank of India(SBI) has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment, the company said in a statement on Friday. SunSource Energy, a solar project developer and EPC services provider, […]

ManuLife, or the Manufacturers Life Insurance, the largest life insurance firm in Canada, has emerged as a surprise lead contender to acquire a controlling stake in insurance firm IDBI-Federal for about $550- $650 million, as per the indicative bids submitted by various firms, multiple sources close to the deal process told ET. This underscores the […]

WhatsApp has released a payment-enabled beta version of its messaging app in India. ET had reported January 18 that Facebook-owned WhatsApp could go live with payments as early as this month.The beta has been released to some users, sparking social media chatter. “It’s here-it’s on iOS too… is there need for anything else at all,” […]

Bengaluru-based Prestige Estates Projects has entered a strategic partnership with HDFC Capital Advisors to form a dedicated real estate platform worth Rs. 2,500 crore. The capital raised will be a combination of equity and debt. The platform will support business in the mid-income and affordable housing segment. The platform will focus on expanding the builder’s […]

After the initial public offering (IPO) of New India Assurance last year, Kolkata-based National Insurance was next in line for an IPO early next financial year. However, now with the government proposing the merger of 3 public sector general insurance companies -— Oriental Insurance, National Insurance and United India Assurance — National Insurance will now […]

Digital financial services platform MobiKwik is all set to invest $10 million to launch a suite of products to widen its financial services offerings in 2018. In keeping with that target, MobiKwik has launched a SaaS based digital solutions, Magic, to digitise corporate processes, rewards and reimbursements. MobiKwik’s play in the employee benefit and reimbursement […]