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DCB Bank acquires 9 09% stake in Techfino Capital

DCB Bank acquires 9 09% stake in Techfino Capital
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Stocks to watch: Stocks in the news: Indiabulls Housing, Hero MotoCorp, Indus Towers & Den Networks

Explore Now Nifty futures on the Singapore Exchange traded 115.50 points, or 0.82 per cent, higher at 14,194.50 in signs that Dalal Street was headed for a positive start on Thursday. here are a few stocks which may buzz the most in today s trade: Indiabulls Housing, HDFC: Indiabulls Housing Finance (IBH) and mortgage lender HDFC have entered into a strategic co-lending partnership to offer housing loans at competitive rates.IBH will originate retail home loans as per jointly drawn up credit policy and retain 20 per cent of the loan in its books, and 80 per cent will be on HDFC books. Tata Elxsi, Cyient, Rallis India: Tata Elxsi, Cyient, Rallis India, Indus Towers, Sasken Technologies and

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DCB Bank Share Price: DCB Bank Acquires Minority Stake In NBFC Techfino Capital, Stock Edges Marginally Lower

DCB Bank was last trading 0.22 per cent lower at Rs 92.35 on the BSE Share price of DCB Bank edged marginally lower on Thursday, April 22, a day after the private bank announced that it acquired a minority equity stake of around nine per cent in a fintech NBFC Techfino Capital Limited. On Thursday, DCB bank opened at Rs 92.55, touching an intra day high of Rs 92.55 and an intra day low of Rs 90.55, in the trading session so far. According to a statement shared by the new generation private sector bank, Techfino Capital uses a technology platform to offer customised consumer loans in the healthcare and education sectors. (Alson Read: DCB Bank Acquires 9% Stake In Non-Banking Financial Company Techfino Capital

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Stocks to watch: Nestle India, Hero Moto, ICICI Securities, Cyient, Lupin

Nestle India: The FMCG major on Tuesday reported a 14.6 per cent year-on-year (YoY) growth in its net profit at Rs 602 crore for the quarter ending March 2021. It was Rs 525 crore in the year-ago period. Future Retail, Future Enterprises: The Reserve Bank of India (RBI) mandated KV Kamath committee has approved banks proposal to restructure loans to Future Retail and Future Enterprises the two main arms of the Kishore Biyani-led group, a media report said. Earnings Today: Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22. Voltas: Life Insurance Corporation of India acquired 46,000 equity shares or 0.02 per cent of paid-up equity in Voltas on April 19. LIC had increased its stake in the company to 5.01 per cent from 4.99 per cent earlier.

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Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital

Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital Photo: Pradeep Gaur/Mint April 22, 2021 Private sector lender DCB Bank Ltd on Wednesday said it has acquired a 9% stake in Bengaluru-based non-bank financier Techfino Capital Pvt Ltd. The bank did not disclose the financial details of the transaction. Techfino, which is present in key metros and tier II cities across India, uses its technology platform to provide customized consumer loans in education and healthcare sectors, the bank said in a statement. Narendranath Mishra, head of agri and inclusive banking at DCB Bank, said micro loans or granular loans as a financial solution hold much promise.

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