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To fuel its growth requirements, the company has secured over Rs 50 crore in two independent debt financing rounds led by Tata Capital and Nuvama Asset Management. BankBazaar, which has raised around $116 million in equity so far, is also in the process of raising another round of equity in the ongoing Series D2 round. ....
Earlier this week, cardholders reported unauthorised transactions and receiving OTPs for transactions they didn't make, including international charges on their Axis Bank credit cards. ....
For instance, if you take a dropline overdraft facility with an initial limit of Rs 6 lakh for 3 years with annual dropline, you will be able to withdraw up to Rs 6 lakh any time or many times before the year ends. However, the limit will be reduced to Rs 4 lakh after the first year; to Rs 2 lakh after 2 years; and it will eventually come down to zero after 3 years. ....
This year’s survey, which included 1675 respondents across India between the ages of 22-45 years, reported that mutual funds are the second most-preferred investment in India, chosen by 54% of the survey respondents. ....
BankBazaar.Com hopes to breakeven this fiscal; to file DRHP for IPO next year dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.