Tag Archives: Bank

Deals Buzz: Ujjivan Small Finance Bank raises capital in pre-IPO round

Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country Ujjivan Small Finance Bank raises capital in pre-IPO round Ujjivan Small Finance Bank has raised ₹250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group, Mint reported. The pre-IPO ... Read More »

ICICI Bank buys 9.9% stake in Kisan Rural Finance for Rs 17.82 crore

ICICI Bank has bought a 9.9 percent stake in non-banking finance company Kisan Rural Finance for a cash consideration of Rs 17.82 crore. Kisan Rural, incorporated on December 7, 2017, had a net loss of Rs 4,800,000 (Rs 0.48 crore) on revenue of Rs 400,000 (Rs 0.04 crore) in FY2018. The deal will involve the acquisition of roughly 1.49 crore equity shares with ... Read More »

Taking blogging to the bank

LUBBOCK, Texas – Since the creation of Instagram, there are now over one billion users online, and from that worldwide network has emerged Instagram bloggers. The bloggers, or also known as ‘influencers,” have started partnering with local and national businesses to promote their product. James Hodgins runs Texas Tech’s social media lab, and said people are more likely to buy ... Read More »

US ousts Pakistan’s Habib Bank amid money laundering concerns

Habib has operated in the United States since 1978, and in 2006 was ordered to tighten its oversight of potentially illegal transactions but failed to comply. (Reuters) US banking regulators ordered Pakistan’s Habib Bank to shutter its New York office after nearly 40 years, for repeatedly failing to heed concerns over possible terrorist financing and money laundering, officials said today. ... Read More »

Solid listing: AU Small Finance Bank ends near day’s high, up 51% over issue price

AU Small Finance Bank made a solid debut on the BSE on Monday, rising as much as 52.23 percent over its issue price of Rs 358. However, the trading on National Stock Exchange delayed by three hours due to technical glitch at the exchange. The stock closed at Rs 541.20 on the BSE, up 51.17 percent with volumes of 3.92 ... Read More »

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 »

Bank of Baroda PO Interview admit cards 2016 released: Download now

Bank of Baroda (BOB) has released an official notification regarding release of Group Discussion and Interview call letters on the official website. BOB successfully conducted written examination for the recruitment of Probationary Officer (PO) posts on 25th September 2016 and the results of the same were also declared. The recruitment examination is being conducted for the posts of 400 Probationary ... Read More »

Wall Street banks seen benefiting from Bank of England rate cuts

The Bank of England delivered a shocker to the market Thursday morning, and potentially a little bit of good news to banks. The decision by the central bank to cut interest rates from 0.5 percent to 0.25 percent might mean investors’ margins get crimped. But the British central bank’s renewed commitment to buying bonds could help banks around the world. ... Read More »

Japanese yen jumps against dollar after Bank of Japan decision disappoints

he safe-haven yen jumped against the dollar on Friday after the Bank of Japan’s monetary policy easing disappointed investors who had been hoping for more radical stimulus measures. The dollar last traded at 103.35 yen, down 1.8 per cent on the day. It initially rose to 105.75 yen right after the BOJ’s announcement but later tumbled to as low as ... Read More »