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Reliance General Insurance Company Ltd on Friday said it has signed a comprehensive Bancassurance agreement with YES Bank to distribute its various products. In a statement issued here, Reliance General – a subsidiary of Reliance Capital Ltd – said the bancassurance agreement – corporate agency agreement – has been inked to distribute insurance products to […]

Mahaveer Group has raised Rs.380 crore from Piramal Finance for five of its projects in Bengaluru. Piramal has extended the money as construction finance. Mahaveer Group plans to use the fund as working capital and partly for refinancing purposes. A small part of it will be used to give an exit to Motilal Oswal Real […]

Korean Exim Bank has proposed to invest in certain infrastructure projects in Andhra Pradesh. Bank intends to invest Rs 4,500 crore and will also fund the Visakhapatnam Metro Rail at lesser interest rate of five-six percent per annum.For development of Visakhapatnam Metro Rail project under PPP mode, the state government has to invest Rs 4,500 […]

International Finance Corporation (IFC) has teamed up with HDFC to create a USD 800 million fund to finance construction of affordable houses. This move could provide a boost to affordable housing finance in India. To create this fund, IFC will infuse USD 200 million by subscribing to masala bonds, rupee-denominated instruments issued by HDFC and […]

World Bank’s investment arm IFC will pump in $23 million in projects by Ashiana Housing Limited (Ashiana) meant for affordable / mid-income housing as well as retirement homes for the elderly. Total project cost of the project is estimated at about $267 million. IFC is one of the few financiers of affordable/mid-income projects in India. […]

Brigade Group is planning to invest Rs .,000 crore over the next three years to expand its commercial property portfolio by 8 million sq ft. Bengaluru-based property developer has office projects spread over 12 million sq ft at present. A top executive said the group will be building the assets mainly in southern India.“The expansion […]

Government’s recapitalisation plan can give a big push to the anaemic credit growth in the system, as banks now will have enough money to take care of their stressed loans as well as to support green shoots of recovery in certain pockets in the industrial sector. Finance ministry on Tuesday said it will issue Rs […]

HDFC Standard Life -the joint venture between HDFC and Standard Life Aberdeen of UK -is among the top private insurers in India. Gerry Grimstone, chairman, Standard Life Aberdeen, has been one of the biggest advocates of Indo-UK partnership as the UK chairman of the India-UK CEO forum and the co-chair of India UK financial partnership. […]

HDFC Bank will soon sell plans of Birla Sun Life Insurance (BSLI) -a rival to its group firm HDFC Life. This follows the bank adopting an ‘open architecture’ model for insurance distribution. Birla Sun Life has said that it expects to reap the full benefits of the recent deal from the next fiscal following integration […]