Tag Archive for finance

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

Shriram Transport Finance, first NBFC to launch 24X7 smart branch

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

Photo Caption: Mr. Umesh Revankar, MD & CEO, STFC inaugurating 24X7 smart branch

Shriram Transport Finance Company Limited Ltd (STFC), first NBFC to launch smart branch at Azadpur, New Delhi. 24X7 e-branch will facilitate STFC customers with end to end, unique smart solutions. The smart kiosk is available in multilingual facility for all the existing and potential customers. Presently, with 1.71 million strong customer base Pan India, STFC plans to open 100 smart branches in a span of 1 year and targets at least 1 lakh transactions every month.

The large network of branches had been the foundation of business and a trusted channel of choice for customers of STFC. But, the rapidly advancing digital technology options across banking industry are in process of transformation. Hence, the smart branch solutions will assist the customers to directly transact on the platform at their convenience.

 

On the occasion, Mr. Umesh Revankar, MD & CEO, STFC commented, “The smart branch by STFC envisions in filling the gap of providing timely and accessible one stop, 24X7 digital solutions for the customers and the field officials of STFC. We in turn also hope to make a positive contribution towards the national initiative of Digital India by taking smart branch to rural and semi rural market space of our country.” Read more

YES SECURITIES ADJUDGED “INDIA’S BEST INVESTMENT BANK” BY GLOBAL FINANCE MAGAZINE

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

YES SECURITIES, the Investment Banking and Merchant Banking arm of YES BANK, was adjudged “India’s Best Investment Bank” by Global Finance magazine at its 2018 World’s Best Investment Bank Awards. The winners were short-listed based on an extensive annual global survey of industry experts and analysts by Global Finance magazine.

Global Finance editors, with inputs from industry experts, used a series of criteria to score and select winners, based on a proprietary algorithm. Deals announced or completed in 2017 were considered.

Vikas Dawra, Group President & Global Head, Investment Banking, YES Securities said, “This award is a true recognition of our in-depth market understanding and service excellence by industry experts worldwide. Our knowledge driven approach has enabled us to be a trusted advisor to clients, across their growth cycle and played an instrumental role in some of the most complex transactions in 2017. With continued reforms and improving confidence in the economy, we believe that the momentum will only accelerate in 2018.” Read more

Muthoot Finance tie up with Global IME Bank for money transfer service to Nepal

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

(L-R ): Mr. Adarsh O.B, Mr. Subhash Tamang (Head Business development of IME), Mr. Arun.K.V , Mr. Goutam ( IME), Mr. Vineeth Wilson (BM), Mr. K R Bijimon, CGM, Mr. Tilochan Paudel ( Customer), Mr. George Alexander Muthoot, Managing Director, Mr. Jayadeep.

Muthoot Finance Ltd, the flagship company of Muthoot Group has tied up with Global IME Bank to expand its money remittance services between Indo Nepal Corridor. Muthoot Finance is the only NBFC to extend the money transfer services from India to Nepal.  Read more

Shriram Transport Finance and Piramal Swasthya jointly announces the launch of Mobile Medical Van in Pune

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

Shriram Transport Finance Company LTD (STFC), in collaboration with Piramal Swasthya, an initiative under the aegis of Piramal Foundation (the philanthropic arm of the Piramal Group), announced the launch of Mobile Medical Van in Pune. . The unique Primary Healthcare Programme, operating at strategic service points, endeavours to make quality primary healthcare services available, accessible and affordable especially to truck drivers, helpers and their families. Currently, 14 Mobile Medical Vans focused with serving an average of 644 truckers daily is operational across India, funded by STFC and managed by Piramal Swasthya. Read more

Blockchain and Cryptocurrency Committee of IAMAI on references to ‘Cryptocurrency’ by the Finance Minister of India

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

Blockchain and Cryptocurrency Committee of IAMAI on references to ‘Cryptocurrency’ by the Finance Minister of India. The Blockchain and Cryptocurrency Committee (BACC) of the Internet and Mobile Association of India (IAMAI) is happy that the Finance Minister has recognized the importance and popularity of cryptocurrency, and has chosen to talk about it on budget day. As far as the exact content of what he said, we are neutral-to-positive about it. However, we are pained to see his words being misinterpreted and misreported. Hence we are issuing this clarification, as well as our position.

Mr. Arun Jaitley, Finance Minister of India said, ‘The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.’

Looking closely that means:

(i) Cryptocurrencies are not legal tender or coin

(ii) The Government will take all measures to eliminate use of these crypto-assets in financing illegitimate activities

(iii) The Government will take all measures to eliminate use of these crypto-assets as part of the payment system Read more