Tag Archive for credit

India’s first alternate credit rating system launched by CASHe, Millennials with zero credit history, can now have their own credit score! In REAL TIME

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

According to recent industry reports, 156 mn. of Indians who comprise the ‘urban mass’ and urban middle’ section representing an annual income of USD 3000 and above have the potential of mass adoption of consumer credit. Of this the ‘urban mass’ constituting approximately 129 mn. have been mostly deprived of credit due to lack of credit history.

Addressing this major concern, CASHe, India’s leading digital lending company, promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar, today announced the launch of India’s first alternate credit rating system – ‘The Social Loan Quotient’ (SLQ). Read more

JM Financial Credit Solutions Ltd. NCD Fully Subscribed on Day 1

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

JM Financial Credit Solutions Ltd. NCDs Issue fully subscribed with the Retail response of 3.17 times, HNI – 1.68 timesfollowed by QIB – 0.20 times, as of 4:25 PM on its first day itself.

 

JM Financial Credit Solutions Rs. 750cr NCD Issue oversubscribed 2.19 times

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Shashwat Belapurkar, CEO, JM Financial Credit Solutions Limited, said, “We are overwhelmed by the response to JM Financial Credit Solutions Ltd.’s maiden Public Issue of NCDs, which also has the distinction of being the first from the JM Financial Group. Overall, the Public Issue of NCDs (including Greenshoe Option) was oversubscribed 2.19 times leading to a total subscription of Rs. 1,646 crore. Retail Investors (Category IV) and HNIs (Category III) have invested a total amount of around Rs. 1,468 crore, which is more than total NCD Issue size of Rs. 750 crore (including Greenshoe Option). The oversubscription of over 3.6 times in the Retail Investors category justifies our higher proportion of 30% allocation ratio to Retail Investors in the basis of allotment. The success of our NCD Public Issue sets a new benchmark for a wholesale NBFC such as JMFCSL that provides integrated financial solutions to real estate developers with a focus on residential project financing. This is a testimony to the success of the transformational changes in the real estate sector and will further deepen the Indian debt markets inviting meaningful long term wider public participation in debt offerings from wholesale NBFCs.” Read more

JM Financial Credit Solutions Limited NCD Issue to open on May 28, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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Mr. Shashwat Belapurkar, Chief Executive Officer, JM Financial Credit Solution Limited while addressing the media during the press conference held in Mumbai

JM Financial Credit Solutions Limited (the “Company”), the NBFC arm of the JM Financial Group providing integrated financial solutions to real estate developers, proposes to open on May 28, 2018, a public issue of secured, rated, listed redeemable, Non-Convertible Debentures of face value of Rs. 1,000 each (“Secured NCDs”) with a Base Issue size of Rs. 300 crore with an option to retain oversubscription upto Rs. 450 crore aggregating upto Rs. 750 crore (“Tranche I Issue”), which is within the Shelf Limit of Rs. 2,000 crore. Read more

Shriram Transport Finance inks MOU with HPCL to offer credit based fuel services to its customers

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Transport Finance Company Limited Ltd (STFC), inks MOU with Hindustan Petroleum Corporation LTD (HPCL) to offer credit based fuel filling services to its customers on digital platform. Read more

Hotstar ties up with Citi to offer Credit Card Customers 100% Cashback

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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Hotstar, India’s leading premium streaming platform, announced a strategic partnership with Citibank India to offer consumers exciting cashbacks on subscriptions. This association provides 6 months of Hotstar Premium to all Citibank credit card customers with 100% cashback.

The partnership draws on the natural synergies between both brands – Hotstar will leverage the partnership to delight their high-value customers and provide the world’s most exciting video content to Citibank credit card customers. Citibank credit card customers get access to the extensive video library of Hotstar Premium and an exclusive cashback for 6 months. Read more