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Techfino Capital Private Limited News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stocks to watch out: HDFC, Nestle, ICICI Securities, DCB Bank, Hero MotoCorp, Bombay Oxygen among others

: Thursday, April 22, 2021, 8:57 AM IST Stocks to watch out: HDFC, Nestle, ICICI Securities, DCB Bank, Hero MotoCorp, Bombay Oxygen among others Stocks to watch out: HDFC, Nestle, ICICI Securities, DCB Bank, Hero MotoCorp, Bombay Oxygen among others After Ram Navami holiday, the market will open today (April 22). Over the last few days, the market was volatile due to the raising COVID-19 cases which have led to states imposing curfews and lockdown-like restrictions. In today’s trading, it will be interesting to see the activities of various stocks given below: HDFC: Mortgage lender HDFC Ltd and Indiabulls Housing Finance have entered into a strategic co-lending partnership to offer housing loans at competitive rates. While Indiabulls Housing Finance 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.

DCB Bank: DCB Bank acquires equity stake in Techfino Capital

Bengaluru: DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately nine per cent in Bengaluru-based non-banking financial company Techfino Capital Private Limited (TCPL). Techfino provides customised consumer loans in education and healthcare sectors, and is present in key metros and tier II cities across India, the private sector bank said in a statement. Financial details of the transaction were not disclosed. The funds raised will be used in enhancement of current tech stack apart from on-lending to customers, the statement added. Read More News on

DCB Bank acquires equity stake in Bengaluru-based Techfino Capital

Wednesday that it has acquired a minority equity stake of approximately nine per cent in Bengaluru-based non-banking financial company Techfino Capital Private Limited (TCPL). Techfino provides customised consumer loans in education and healthcare sectors, and is present in key metros and tier II cities across India, the private sector bank said in a statement. Financial details of the transaction were not disclosed. The funds raised will be used in enhancement of current tech stack apart from on-lending to customers, the statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Private lender DCB purchases 9% stake in NBFC Techfino Capital

Private lender DCB purchases 9% stake in NBFC Techfino Capital
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After Citigroup, South Africa s FirstRand Bank to exit India after 12 years

Close on the heels of Citigroup s decision to exit retail banking business in India, South Africa’s second largest bank - FirstRand Bank - with $118 billion in assets is the latest foreign bank to exit India. The news was broken to FirstRand staff in Mumbai - its only branch - via a videoconference on Tuesday. FirstRand s exit is the second retreat by a foreign lender in India within a week after US giant Citibank announced plans to sell its consumer banking business in 13 markets, including India late last week. First Rand India is a licensed financial services provider in India and operates as a branch of FirstRand Bank South Africa. In 2019, FirstRand Bank completed 10 years of operations in India under its corporate and investment banking franchise. According to FirstRand’s Bank India’s annual report (2019-20), its deposits stood at Rs 318 crore and advances at Rs 420 crore at the end of March 2020. Its investment book was of Rs 1,208 crore.

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