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Finance

Edelweiss Mutual Fund launches the Nifty Alpha Low Volatility 30 Index Fund

Chennai : Edelweiss Asset Management Limited (EAMC/EMF), one of India’s fastest- growing AMCs, has launched a Nifty Alpha Low Volatility 30 Index Fund. The New Fund Offer (NFO) opens on 26th April 2024 and closes on 10th May 2024. The multi-factor index fund comprises 30 stocks selected from a pool of top 150 listed stocks, […]

Finance

Bandhan Life: Empowering Futures with a Fresh Vision and Identity

Bandhan Life, formerly known as Aegon Life Insurance, announced its dynamic new identity along with a fresh promise of ensuring ‘Bharat Ki Udaan, Bandhan Se’. Positioned for rapid growth, the company is committed to empowering individuals and families to fulfil their financial aspirations and thrive in every facet of life with confidence. The insurer will […]

Finance

Indusind Bank Limited Announces Financial Results For The Quarter And Year Ended March 31, 2024

Bengaluru : The Board of Directors of IndusInd Bank Limited approved the financial results of the Bank for the Quarter/ Year ended March 31, 2024, at their meeting held in Mumbai on Thursday, April 25, 2024. NIM at 4.26%, Net NPA at 0.57%, Provision Coverage Ratio at 71%, Capital Adequacy Ratio (CRAR) at 17.23%, CASA […]

Finance

IIFL Samasta Finance Adds Three Members to the Board

Bengaluru : IIFL Samasta Finance, which is one of India’s largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Board of Directors. This strategic move reflects the company’s commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector. The three members include Co-promoter […]

Finance

SBI General Insurance records 17% growth in topline faster than market growth and a profit growth of 30% in FY 23-24

Mumbai : SBI General Insurance, one of India’s leading General Insurance companies, announced its financial results for FY 23-24. The Company continued to sustain its strong growth momentum, recording a profit before tax of INR 319 crores for FY 23-24, a growth of 30% from FY23. The Company also demonstrated strong growth in overall business […]

Finance

HDFC Life and Peerless Financial Products Distribution Ltd. (PFPDL) enter into a Corporate Agency Tie-up

Mumbai : HDFC Life, one of India’s leading insurers, and Peerless Financial Products Distribution Ltd. (PFPDL) have entered into a corporate agency tie-up. This partnership would enable PFPDL to distribute life insurance products of HDFC Life to its customers. PFPDL is a subsidiary of the Peerless General Finance & Investment Co. Ltd (PGFI), one of […]

Finance

FlashAid raises $2.5 Mn funding in pre–Series A round led by Piper Serica Angel Fund, SOSV

Mumbai : Health care and Insurtech company Flashaid has raised $2.5 million in a pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors —Z21 Ventures Fund and ZNL Growth Fund participated in this round. Flashaid plans to use the fresh funds for growth and to expand […]

Finance

Equitas Small Finance Bank Limited

Chennai : The Board of Directors of Equitas Small Finance Bank Limited at its meeting held today, approved the audited financial results for quarter and full year ended March 31, 2024. Highest PAT of Rs. 799 Cr in FY24 vs Rs. 574 Cr in FY23, growth of 39% YoY Highest Quarterly PAT of Rs. 208 […]

Finance

HDFC Bank Educated over 2 Lakhs Citizens on Safe Digital Banking Practices PAN India in FY24

Mumbai: HDFC Bank as a part of digital banking awareness drive, conducted a series of secure banking workshops pan India. The Bank organized over 16,600 workshops sensitizing over 2,00,224 citizens on safe digital banking practices. These workshops were aimed at educating school and college students, law enforcement agencies, senior citizens, self-help groups, customers and employees. […]

Finance

Hitachi Payment Services launches India’s first Upgradable ATM

Bengaluru : Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of the country’s first Upgradable ATM. The Upgradable ATM can be transformed into a high-performance Cash Recycling Machine (CRM) at any point of time. Manufactured under the Make in India initiative, these new Upgradable ATMs provide more flexibility and […]