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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 […]

Finance

Zepto-Simpl’s BillBoard Banter flirts with #SabseTezKaun to highlight their Instant Checkout with Fastest Deliveries

Bengaluru : Zepto, India’s fastest-growing quick commerce service, and Simpl, India’s foremost Checkout Network, have engaged in a friendly billboard banter with their #SabseTezCampaign to highlight their unique combination of Instant Checkout and Fastest Deliveries offered to millions of customers. The billboards, put up at Karol Bagh and Gurgaon- sector 66 in Delhi-NCR, tap into […]

Finance

Arohan Financial Services Recognized Among India’s Best Workplaces in BFSI 2024

Mumbai : Arohan Financial Services Limited, a leading NBFC MFI and a part of the esteemed Aavishkaar Group, operating in 19 states has been recognised among “India’s Best Workplaces in BFSI 2024: Top 25″. This recognition comes after an evaluation conducted by the prestigious Great Place To Work® Institute, acknowledging the company’s outstanding people practices […]

Finance

Lendingkart appoints Mukund Barsagade as Group CFO

Lendingkart Group today announced the appointment of Mukund Barsagade as its Group Chief Financial Officer. With over 28 years in the BFSI and IT sectors, Mukund is a seasoned finance leader. Prior to this, Mukund was the CFO of Paytm Payments Bank, where he oversaw the financial management of one of India’s leading digital banks […]

Finance

m.Stock trading app by Mirae Asset breaks into Top 16 broker list in just two years

Mumbai: Mirae Asset Capital Market’s retail stock broking platform, m.Stock, which was launched in 2022, has been creating waves in the broking industry with its unique ‘zero brokerage for life’ proposition. Already attaining profitability in less than two years, the app has achieved significant milestones. Since its inception in 2022, m.Stock has capitalised on […]