Revenue from operations rose 31.8% to 6.66 billion rupees, with revenue from Policybazaar and Paisabazaar, its core online business, growing 39% to 5.16 billion rupees. India’s PB Fintech the parent of online insurance aggregator Policybazaar, reported a narrower first-quarter loss on Monday on growing demand for insurance and loans. PB Fintech, which… Continue reading PB Fintech’s net loss narrows to $1.4 mn in Q1 on loan, insurance demand
Tag: loan
LIC Housing Finance to aggressively use OTS, ARC for loan recoveries
PSBs stepping up recovery of bad loans to meet FinMin’s 40% target: Report Intel announces Arc Pro A60 and Pro A60M GPUs with up to 12GB video memory Tata Capital to LIC Housing finance: Companies to raise funds from markets LIC Housing Finance, HDFC: Trading strategies for housing finance companies LIC Housing Finance Q4 result:… Continue reading LIC Housing Finance to aggressively use OTS, ARC for loan recoveries
Byju’s misses August 3 deadline to rework $1.2 billion loan terms
Edtech major Byju’s has missed another target date set by its creditors to amend the terms of a $1.2 billion term loan B (TLB), according to the sources. The firm was expected to decide on revisions sought by lenders in the loan’s terms, including part repayment and higher interest payments, by the… Continue reading Byju’s misses August 3 deadline to rework $1.2 billion loan terms
Paytm up 4% as loan disbursements more-than-double in July to Rs 5,194 cr
Paytm shares advanced 3.9 per cent to Rs 797 per share on the BSE in Friday’s intra-day deals after the fintech company shares a healthy business update for the month of July, 2023. At 10:14 AM, shares of the company were 2 per cent higher at Rs 783 as against 0.47 per cent gain… Continue reading Paytm up 4% as loan disbursements more-than-double in July to Rs 5,194 cr
‘Lagaan’ art director Nitin Desai found dead, firm defaulted on loan
Renowned art director Nitin Desai, the creator of lavish sets for films such as Jodhaa Akbar and “Lagaan” as well as the popular TV quiz show Kaun Banega Crorepati, was found hanging at his studio in Karjat near Mumbai on Wednesday. He was 57. Desai’s company ND’s Art World Pvt Ltd had… Continue reading ‘Lagaan’ art director Nitin Desai found dead, firm defaulted on loan
Home loan EMI in affordable housing category up 20% in last 2 yrs: Anarock
Home loan EMIs for customers who bought properties less than Rs 40 lakh have gone up 20 per cent in the last two years due to a rise in mortgage rate, according to real estate consultant Anarock. The consultant pointed out that the affordable housing segment suffered the most during the COVID pandemic… Continue reading Home loan EMI in affordable housing category up 20% in last 2 yrs: Anarock
Clix Capital gets $20 mn loan for promotion of sustainable projects
He said the deployment of the fund would be done in the next six to eight months NBFC firm Clix Capital on Monday said it has signed an agreement with Global Climate Partnership Fund (GCPF) for USD 20 million (about Rs 160 crore) loan. GCPF is a Luxembourg-based innovative impact investing fund managed… Continue reading Clix Capital gets $20 mn loan for promotion of sustainable projects