User: gauravkhambhala Topic: smenews
Category: sme
Last updated: Jul 25 2016 23:55 IST RSS 2.0
 
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UK govt arm pumps Rs 1,000cr into IIFL Finance 21.7.2016 TOI: All Headlines
UK govt arm pumps Rs 1,000cr into IIFL Finance
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LVB Q1 net profit up 50% to Rs 60.68 crore 21.7.2016 TOI: All Headlines
LVB Q1 net profit up 50% to Rs 60.68 crore
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UK government arm pumps Rs 1,000 crore into IIFL Finance 21.7.2016 ET: Finance / Insurance
CDC's investment will help IIFL Finance to expand its business and address the capital needs of under-served segments through diversified offerings.
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‘SME Sunday’ on July 24 21.7.2016 The Hindu: Today's Paper
‘SME Sunday’ on July 24
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Can Narendra Modi cure public sector banks’ ‘begging bowl syndrome’? 21.7.2016 FirstPost: Bollywood

The major reason for the current NPA (Non-performing Assets) mess in these banks is their lack of efficiency in credit appraisal process and careless lending practices to grow their loan books.

The post Can Narendra Modi cure public sector banks’ ‘begging bowl syndrome’? appeared first on Firstpost.

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‘SME Sunday’ on July 24 21.7.2016 Hindu: Cities
: The SBI will organise ‘SME Sunday’, a programme to connect with SME customers and prospective entrepreneurs and industrialists in the city on July 24.At a press conference here on Wednesday, SBI Gen...
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CDC invests Rs 1,000 crore in India Infoline Finance 21.7.2016 All Companies Stories
CDC would be holding 15% equity in the NBFC
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CDC to invest Rs 1k crore in IIFL Finance 20.7.2016 deccanherald.com
CDC Group, the UK government-owned development finance institution, has decided to invest around Rs 1,000 crore in India Infoline Finance (IIFL), a wholly-owned subsidiary of IIFL Holdings.

IIFL Finance is a non-banking financial company (NBFC) that does not accept public deposits, but engaged in the business of home and property loans, gold loans, commercial vehicle finance, healthcare finance, loan against securities, and SME business loans. For the financial year ended March 31, 2016, IIFL Finance's loan book stood at Rs 17,770 crore and net profit was Rs 340 crore.

CDC's investment will help IIFL Group in expanding the financing business and address the capital needs.

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Will data do us apart? 20.7.2016 The Hindu: Today's Paper
Will data do us apart?
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IPO fund raising at nine-year high in Q1 FY17 20.7.2016 TOI: All Headlines
IPO fund raising at nine-year high in Q1 FY17
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Will data do us apart? 20.7.2016 Hindu: Op-Ed
It may look petty to squabble over GDP data, but policies based on the wrong reading of reality almost always end in tears
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Wydr, Lendingkart tie up for access to finance for associate traders 19.7.2016 New Kerala: Business India
New Delhi, July 19 : B2B mobile first marketplace in India Wydr announced its partnership with Lendingkart Group to offer collateral free business loans to Buyers and SMEs.
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Wydr, Lendingkart tie up for access to finance for associate traders 19.7.2016 Sify Finance
B2B mobile first marketplace in India Wydr announced its partnership with Lendingkart Group to offer collateral free business loans to Buyers and SMEs.
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Wydr ties up with Lendingkart Group 18.7.2016 TOI: All Headlines
Wydr ties up with Lendingkart Group
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Moody's flags Yes Bank asset quality issues 18.7.2016 TOI: Delhi Times
New Delhi, Jul 18 () A high incidence of corporate loans in Yes Bank's books could further worsen its asset quality and the private lender could face operating challenges as it expands retail presence, Moody's Investors Service today said Moody's outlined a rapidly-expanding franchise with dominance
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New courses 18.7.2016 The Hindu: Today's Paper
New courses
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As gold price rise, Muthoot Fincorp eyes 25%... 17.7.2016 TOI: All Headlines
As gold price rise, Muthoot Fincorp eyes 25%...
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Glittering gold: Firm prices help Muthoot Fincorp aim for over 25% growth 17.7.2016 DNA: Mumbai
With gold prices firming up, the country's second largest gold loan company Muthoot Fincorp is aiming to achieve over 25% growth in top line business with a disbursal target of Rs 19,000 crore this year. To further tap emerging business opportunity, Muthoot Pappachan Group-run company has also launched a special gold loan scheme called SME Gold, and has set a disbursal target of Rs 600 crore in the first year of operations, Group chairman and MD Thomas John Muthoot said. The group, with its four credit verticals -- Muthoot Fincorp (gold loans), Muthoot Capital (2-wheeler loans), Muthoot Microfin (MFI) and Muthoot Housing (affordable housing) -- has also set a disbursement target of Rs 25,000 crore this fiscal, up from Rs 18,000 crore in 2015-16, Muthoot added. Out of this Rs 25,000-crore, they hope to achieve gold loan disbursement of Rs 19,000 crore as against Rs 15,000 crore last year. Besides, the group aims to take micro finance book to Rs 3,000 crore this year from over Rs 2,100 crore last year, ...
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As gold regains sheen, Muthoot Fincorp eyes 25% jump in volume 17.7.2016 Top Stories
Company aims to achieve gold loan disbursement of Rs 19,000 crore as against Rs 15,000 crore last year
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As gold regains sheen, Muthoot Fincorp eyes 25% jump in volume 17.7.2016 TOI: Mumbai
Mumbai, Jul 17 () With gold prices firming up, the country's second largest gold loan company Muthoot Fincorp is aiming to achieve over 25 per cent growth in topline business with a disbursal target of Rs 19,000 crore this year.
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