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TVS Holdings has received approval from the RBI for its acquisition of Home Credit India Finance, marking a major shift in control and governance. The deal involves changes in ownership and the appointment of new directors, signaling a strategic transformation aimed at driving growth and innovation in India’s consumer finance sector.
Kotak Mahindra Bank has secured CCI approval to acquire Standard Chartered Bank India's personal loan portfolio for Rs 4,100 crore. This strategic acquisition will bolster Kotak's retail banking segment, expanding its presence in the rapidly growing personal loan market and providing new opportunities for customer growth and market expansion.
Paytm's stock has surged by 6%, marking its fifth consecutive day of gains and nearing its 52-week high. Driven by strong financial results, strategic launches like UPI International, and a positive outlook from analysts, the fintech giant is positioning itself for continued growth. Read on to learn what’s fueling Paytm’s impressive rally and what it means for the future of the company.
Muthoot Finance saw its stock surge 7% following impressive Q2 FY25 results, with a 21% year-on-year increase in net profit and a 37% rise in revenue. The company’s strong performance, driven by growth in gold loans and a robust loan book, reflects its market leadership. However, rising impairment charges and cautious analyst outlooks suggest investors should weigh the company's growth potential against potential risks.
Shriram General Insurance has teamed up with Muthoot Securities to offer its customers a seamless way to purchase a variety of general insurance products, including motor, health, and home insurance. This partnership expands financial services and enhances customer convenience by integrating insurance solutions with Muthoot’s existing offerings.
At the Singapore Fintech Festival, the State Bank of India (SBI) unveiled its new Innovation Hub in partnership with APIX. This strategic initiative will foster global collaboration among fintechs, startups, and financial institutions to develop cutting-edge solutions for digital banking, financial inclusion, and more.
Aditya Birla Capital has reported a striking 42% increase in consolidated net profit for Q2 FY2024, reaching ₹1,001 crore. This impressive growth, fueled by strategic divestments and strong operational performance, highlights the company’s ability to navigate the financial landscape effectively. In this post, we delve into the key factors behind this success and what it means for the future of Aditya Birla Capital.
Mahindra Finance has reported a remarkable 36% increase in consolidated net profit for Q2 FY2024, reaching Rs 390 crore. While core net interest income and the overall loan book have shown strong growth, challenges in the vehicle financing sector and mixed performances from subsidiaries raise important questions about future stability. Dive into the detailed analysis of the company's performance and what it means for investors moving forward.
Manappuram Finance experienced a significant 15% drop in share price after the RBI issued a directive halting loan disbursement by its subsidiary, Asirvad Micro Finance. This decision, driven by concerns over pricing practices and regulatory compliance, poses serious challenges for the company's growth and profitability. In this blog, we delve into the implications of the RBI's ban, analyst responses, and what it means for the future of Manappuram Finance and the microfinance sector as a whole.
In its Q2 report, Mphasis showcased a solid performance with a 4.6% increase in net profit and a 3.3% rise in revenue, reflecting strong growth across key segments. The company secured a total contract value of $207 million, highlighting its competitive edge in the IT sector. With strategic investments planned and leadership changes underway, Mphasis is well-positioned for future growth. Read on for a detailed analysis of the company's financial results and market outlook.