Aye Finance gears up for aggressive pan India expansion

Aye Finance, CapitalG backed fintech lender, has announced plans for aggressive Pan-India expansion in the current fiscal. After a successful year which saw Aye reaching a milestone AUM figure of INR 1000 crores, the fintech lender will be opening 67 new branches to service the credit needs of a larger number of Indian micro enterprises. Aye has been rapidly expanding its footprint and in this round Aye is entering the new states/UT of Maharashtra, Gujarat, Bihar, Jharkhand, Chhattisgarh, Chandigarh and Himachal Pradesh along with strengthening its branch presence in the…

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Share market update: Nifty Financial Services index up; Indiabulls Housing Finance jumps 5%

NEW DELHI: The Nifty Financial Services index was up with most of its components trading with gains in Tuesday’s afternoon session. Shares of Indiabulls Housing Finance (up 5.69 per cent), Shriram Transport Finance Company (up 4.20 per cent), Cholamandalam Investment & Finance Company (up 3.75 per cent) and Indiabulls Ventures (up 3.51 per cent) were the top gainers in the index. ICICI Bank (up 2.38 per cent), Mahindra & Mahindra Financial Services (up 1.58 per cent), State Bank of India (up 1.37 per cent) and REC (up 1.08 per cent)…

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UP Board Result 2019: India Today Education is hosting Class 10, 12 Results 2019, steps to download

UP Board Results 2019 will be declared soon on the official website. UP Board Results 2019 can be checked directly via India Today Education at https://www.indiatoday.in/education-today/results. Although the Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) will announce the UP Board 12th and UP Board 10th result on its official website upmsp.edu.in, it might tend to crash due to the influx of candidates. This year, over 30 lakh students had registered for UP Board Class 12 Exams. This year over 58 lakh students registered themselves for the UP Board exams out of which…

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AU Small Finance Bank’s profit up 42% in March quarter

MUMBAI: AU Small Finance Bank’s profit grew 42 per cent to Rs 118 crore in the March quarter led by a 50 per cent growth in loans for vehicle purchases. Net Interest Income the difference between what it paid for funds and what it earned from lending, nearly to Rs 851 crore from Rs 464 crore. “Capital raise, stable asset quality, adequate liquidity, continued growth momentum and uptick in yields, cost to income and return ratios were key highlights of the fiscal,” said Sanjay Agarwal, CEO, AU Small Finance. The credit growth was driven by strong…

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RBI to set up panel on development of housing finance securitisation market

The Reserve Bank of India, on Thursday, announced that it will soon set up a committee to assess the state of housing finance securitisation market in the country. The move is aimed at bringing in standardisation of asset securitisation practices to enable better management of credit and liquidity risks. The committee, which will be announced soon, will also study the best international practices, and lessons learnt from the global financial financial crisis. It will propose measures to further develop these markets in India by identifying critical steps required, such as…

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Delhi-Meerut Rapid Rail corridor gets UP Cabinet nod! Soon travel from Delhi to Meerut in just 60 minutes

The UP cabinet has approved the Delhi-Ghaziabad-Meerut RRTS project, which is the inaugural corridor of the RRTS system Delhi-Meerut Regional Rapid Transit System: Soon the citizens of Delhi and NCR will forget their long-distance travel woes! In a major development to the regional rapid transit system (RRTS), the Uttar Pradesh (UP) cabinet has approved the Delhi-Ghaziabad-Meerut RRTS project, which is the inaugural corridor of the RRTS system, according to a recent PTI report. The project aims at providing a speedy and pollution-free transit system, connecting the regional nodes of the…

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Shriram Transport Finance stock up 9% post-clarification on SVL loan matter

Shriram Transport Finance Corporation share price rebounded 9 percent after the company’s clarification note on SVL loan soothed investors’ sentiment. The stock had fallen 12 percent in previous session as investors had turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary. Shriram Transport Finance Corporation issued clarification note yesterday, saying SVL Limited, its promoters / promoter group, and its associates, have enough resources to honour the payment of this loan whenever due and payable has reassured the same. The company had given corporate…

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Jio Oppo Monsoon Offer: Jio’s New Offer Gives Users Benefits Worth Up to Rs. 4,900

HIGHLIGHTS Jio Oppo Monsoon offer is applicable between June 28 and September 25 Offer is valid only on Jio 198 and Jio 299 prepaid recharges All new 4G Oppo phones, except the Realme 1, are eligible Jio has announced a new offer for those buying an Oppo smartphone. Under the brand new Jio Oppo Monsoon offer, the telco is offering benefits worth “up to Rs. 4,900” though you may have to wait a long, long time for most of those benefits to get realised. The offer is being extended to both new and…

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Reliance Jio Oppo Monsoon offer: How to get up to 3.2TB of 4G data

Reliance Jio has launched a new scheme for customers purchasing a new Oppo smartphone. Under the scheme called “JIO Oppo Monsoon Offer”, the operator is offering up to 3.2TB of Jio 4G data and benefits up to Rs 4,900. The offer is available for all the Oppo phones. Both new and old Reliance Jio customers are eligible for the scheme. Reliance Jio will give you 3GB of data per day (for 28 days) with any of the Rs 198 or Rs 299 recharge denominations. To avail the maximum data benefit,…

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Vivo Nex S, Nex A With Pop-Up Selfie Camera, Up to 256GB Inbuilt Storage Launched: Price, Specifications

Vivo Nex S (left) and Nex A (right) HIGHLIGHTS The Vivo Nex S is the top-end offering The Nex A has the Snapdragon 710 SoC Both feature pop-up selfie cameras The Vivo Nex S and Vivo Nex A were launched in China as the company’s latest flagship smartphones on Tuesday. The Vivo Nex S is the premium model, and features a Snapdragon 845 SoC, 8GB RAM, up to 256GB inbuilt storage, and an in-display fingerprint sensor. The company claims the Vivo Nex S comes with the third-generation under-display fingerprint sensor that is claimed to…

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