OfBusiness Raises Rs 75 Cr from Kotak Mahindra Bank

Working towards the redundancies experienced by SMEs in core sectors such as manufacturing and infrastructure, OfBusiness, a unique SME financing and product fulfilment platform, has secured additional debt funding worth INR 25 crore from Kotak Mahindra Bank. This debt comes as an extension to the existing INR 50 crore working capital limit the Company has with the Bank. OfBusiness aims […]

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Indiabulls Housing Finance settles case with Sebi

Oct 27 Indiabulls Housing Finance has settled proceedings with markets regulator Sebi, in connection with alleged shareholding disclosure lapses, after paying over Rs 14 lakh towards settlement fees. In an order passed today, Sebi said it has disposed of the "adjudication proceedings initiated against the applicant — Indiabulls Financial Services Ltd (now known as Indiabulls Housing Finance Ltd)". It was […]

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Kotak Mahindra Bank Q2 profit seen up 24%, loan growth may be around 15%

Analysts feel if net interest margin comes above 4.35 percent (against 4.5 percent in Q1FY18), loan growth above 15 percent (17.9 percent) and gross non-performing assets below 2.7 percent (2.58 percent) then that will be considered positive by the Street. Kotak Mahindra Bank's second quarter standalone profit is seen rising 23.5 percent year-on-year to Rs 1,004.4 crore. Net interest income […]

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