Tag Archive for credit

BankBazaar launches exclusive Dussehra offers on Loans and Credit Cards

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

Adhil Shetty, CEO, BankBazaar

BankBazaar, India’s leading Fintech company, is gearing up for this festive season in style with special offers on Credit Cards and Personal Loans for its customers. BankBazaar, who pioneered festival offers on personal finance products in India, is back with its 10-day long Ten-10a-Ten campaign from 4-13 October with assured coupons on every application, and exclusive offers on disbursal. All this is in addition to the BankBazaar-exclusive zero processing fee offers on a wide range of Credit Cards and Personal Loans.
As a festive special, on successful disbursal of Credit Card or Personal Loan, BankBazaar is giving away a 49” Sony TV set and OnePlus 6 (6GB ram) mobile phones to lucky winners every day for the duration of the campaign. In addition, every disbursed Credit Card or Personal Loan will get Amazon vouchers worth up to Rs.1000 and Rs.750 respectively. To sweeten the deal further, BankBazaar has also partnered with ten leading brands for assured coupons on every application during the offer period. These 10 assured coupons offer discounts and rebates from top brands including OYO, AJIO, Zoomcar, Treebo, Foodpanda, EaseMyTrip, Housejoy, Zefo, Voylla, and 1mg. Read more

LIC MF Reaction on RBI Credit Policy

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

Here is the reaction from Mr. Marzaban Irani – Fund Manager Fixed Income – LIC Mutual Fund.

Mr. Irani’s Quote:

‘As per MPC announcement there is no change in rates. Our initial thoughts say that any action going ahead will be data dependent. Stance has been changed to calibrated tightening which indicates status quo or hike going ahead. Rupee has reacted negatively.”

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