In an Economic Times report of November 5, there were some corporate governance issues at Indusind’s microfinance subsidiary Bharat Financial Inclusion (BFI). Indusind had acquired BFI (erswhile SKS Microfinance) in March 2019. As per the subject report – Between October 17 and 24, several senior employees of BFI had written to the Reserve Bank of … Read more
Mr. Das will head the RBI till December, 2024 The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years upto December 2024, according to an official order. Mr. Das was appointed the RBI’s 25th governor on December 11, 2018, initially for a period of three years. An … Read more
In one of it’s kind of arrangements (especially for HDFC Limited), HDFC has tied up with Indian Post Payments Bank (IPPB) for home loan distribution. Key points to note – IPPB has about 4.7 crore customers. HDFC’s idea here seems to get aggressive on affordable housing. HDFC said, “The partnership aims to facilitate HDFC Ltd.’s … Read more
Fintech unicorn start-up Groww’s valuation has reached $3 billion after a fundraise of $251 million, led by ICONIQ Growth, including participation from investors like Alkeon, Lone Pine Capital, Steadfast, and existing investors. The platform, which can be used to invest in direct mutual funds, stocks, ETFs and IPOs, currently has more than 20 million … Read more
Surprises continue at ICRA – N Sivaraman, MD & CEO, who had joined ICRA just a year back in July 2020, has resigned with immediate effect citing personal reasons. He had joined ICRA from IL&FS, where he was Chief Operating Officer with responsibilities for asset monetisation, creditor engagement and loan restructuring. It’s worth noting here that … Read more