Non-Banking Financial Company (NBFC) Seeds Fincap Pvt. Ltd. raised over $8.5 million in a Series A funding round led by Lok Capital and Matrix Partners India (aka Z47). The funds will enable Seeds Fincap to expand…
Author: Pradeep Jayan
Pradeep Jayan is a keen oberver of national and international affairs. He writes regulalry on pressing issues that concerns Indians from a global perspective.
Virendra Sehwag invests in Getepay
Jaipur-based fintech start up Getepay has announced investment by cricketer Virendra Sehwag to expand digital payments business. “I am thrilled to be onboard Getepay and be a part of their digital innovation journey….
Kotak Mahindra Bank announces new distribution structure under Pranav Mishra
Kotak Mahindra Bank on July 16 annoucned its new distribution structure as part of its growth strategy under Pranav Mishra . The distribution structure integrates the Physical branch network, Digital Branch channel…
Sebi issues administrative warning to Paytm over related-party transactions with PPBL
Market regulator Sebi has issued administrative warning to One 97 Communications, the parent company of Paytm, the company informed stock exchanges late evening on July 15. The warning letter is over related…
57% of equity MFs outperform respective benchmarks in June’24,finds PL Wealth Management
The AUM (assets under management) of equity mutual funds witnessed a growth of 8.27% sequentially to INR 23,84,727 crore in June 2024 from INR 22,02,497crore in May 2024 (excluding Sectoral /Thematic Funds), said…
Piramal Finance secures $100 Million loan to support social impact projects
Standard Chartered Bank is the Social Loan Coordinator for this transaction
BNW Exclusive: Bank privatisation unlikely to come up in Budget 2024-2025
Earlier, reports had emerged that the Government is considering a list of banks to privatise in this round drawing comfort from the healthy market sentiments and reform-intent. But, a top government official said this is unlikely to happen this time.
India’s private sector banks lead market cap gains on stronger metrics, says S&P Global Market Intelligence
India’s private sector banks led gains in market capitalization in the three months to June 30 amid improvement in their financial metrics and positive sentiment in the Indian stock market, according to…
Icra pegs securitisation volumes at Rs45,000 cr for Q1
Rating agency, Icra has estimated that the overall securitisation volumes, originated mainly by financial institutions, stood at around Rs. 45,000 crore in Q1 FY2025, reflecting a reduction of ~20% over Q1 FY2024….
Budget 2025: Government likely to curtail FY2025 fiscal deficit at 4.9%-5%, says Icra
Rating agency ICRA estimates the Government’s revenue receipts to witness an upward revision of Rs. 1.2 trillion in the upcoming union budget. Also, the government is likely to peg a relatively shallower…