Finance

AU Small Finance Bank IPO oversubscribed 53.5 times on stellar response

The initial public offer of AU Small Finance Bank has received an encouraging response on Friday, the final day for subscription. It got bids for more than 201 crore equity shares against issue size of 3.76 crore shares (excluding anchor investors’ reserved portion). The Rs 1,912-crore public issue has oversubscribed 53.48 times, as per data available on the exchange. The portion set ... Read More »

Subscribe to AU Small Finance Bank: HEM Securities

AU Small Finance Bank Co is a small finance bank (“SFB”) that has recently transitioned from a prominent, retail focused non-banking finance company (“NBFC”), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels. Co received a license from the Reserve Bank of India to set up an SFB ... Read More »

How finance brands can appeal to consumers’ emotions

Ten years after the financial crisis of 2007-08 began to rock the economy, and following numerous malpractice and misselling scandals over the years, the media conversation is still dominated by negative perceptions of an industry that is struggling to regain customer trust. The findings of Edelman’s Trust Barometer make uncomfortable reading for the UK financial sector. The longest running global ... Read More »

Infrastructure financing: Narendra Modi government mulls merger of IIFCL, REC, IFCI, PFC

Earlier this year, finance minister Arun Jaitley had said the country required investments worth an estimated Rs 43 lakh crore (about 6 billion) in infrastructure over the next five years. (Reuters) Just like in the banking sector, the government is looking at consolidation in the infrastructure financing space. The government is exploring the possibilities of consolidation by merging companies like ... Read More »

Herbalife cuts sales guidance; exceeds key FTC mandate

Herbalife lowered its sales outlook for the current quarter early Monday, as it gears up for tougher new Federal Trade Commission regulations that appeared to hurt business more than anticipated. Herbalife now expects revenue to be lower than prior estimates, with a key sales metric known as volume points expected to be 3 percent below its earlier view. Earnings per ... Read More »

Inclusive Finance: China Opens Up Credit To More People — But Risks Must Be Controlled

China has been promoting inclusive finance in recent years, striving to reach less affluent individuals and small companies. This is because people in rural areas, smaller and medium sized companies, entrepreneurs, and individuals without a credit history are often unable to obtain financing and are forced to turn to the curb market for often very high interest loans. Last week, ... Read More »

Senator: Chances of school finance bill ‘slim to none’

Photo: Courtesy Texas State Preservation Board. IMAGE2OF23 Biggest issues and players of the 85th Texas Legislature   The Texas Legislature convened January 10 and will tackle a number of issues facing the state. Keep going for a look at the biggest issues and the players who will shape the session.  IMAGE 1 OF 23 Interior of the Capitol in Austin ... Read More »

‘Bill to Address Bankruptcy in Finance Sector in Next Parliament Session’

New Delhi: The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs. The proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money deposited, a senior finance ministry official has said. New Delhi: ... Read More »

Saurabh Agrawal is the Tata Sons’ Chief Finance Officer

Tata Sons has roped in Aditya Birla Group strategy head Saurabh Agrawal as Group Chief Financial Officer of the salt-to-software conglomerate. Mr. Agarwal, a veteran investment banker with two decades of capital markets experience, will join Tata Sons with effect from July 2017, has worked on the multi-billion dollar Vodafone merger with Idea Cellular and the acquisition of Jaypee Group ... Read More »

MoS Finance confirms July 1 roll out of ‘all-inclusive’ GST

BAREILLY (UTTAR PRADESH): Following up from the meeting of the Goods and Services Tax (GST) council on May 18 and 19, Minister of State for Finance Santosh Gangwar said the stage is set for the scheduled roll out of the GST Bill on July 1st. “After the meeting which took place in Srinagar last week, it is safe to say ... Read More »