As far as IIMs in Lucknow, Kozhikode and Kolkata are concerned, among other B-schools, these institutes have seen a larger share of internship offers being made in finance, thereby, outperforming consulting. However, as a role, sales and marketing was at the top at most campuses. … [Read more...] about #SummerPlacements: 50% rise in finance profiles at IIM-L
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Single touch payroll: New move means group certificates are dying out
He said as many Australians were more reliant on getting a tax refund this year due to the economic fallout of the coronavirus pandemic, those hoping to get their hands on their cash fast might be tempted to pursue that option and lodge their return “ASAP”. … [Read more...] about Single touch payroll: New move means group certificates are dying out
Bank of Baroda to monitor 33-NBFC portfolios including Bajaj Finance, Tata Capital
Mumbai: India’s third largest bank by loan size Bank of Baroda is set to appoint monitoring agencies to assess portfolios of 33 non-bank lenders, three people familiar with the development said. It includes marquee names like Bajaj Finance, Tata Capital, HDB Financial Services, Tata Motors Finance, M&M Finance, KKR India, Indiabulls Commercial Credit having an exposure of Rs. 4 lakh crore to the banking system. Monitoring agencies would be assessing the asset quality, cash holdings, likely siphoning off of funds if any, flag non-business transactions among a host of others requirements. “Bankers are worried over the performance of the NBFC credit, so they want an assessment of the actual credit quality of their books and the potential stress build up that could happen,” said a banker privy to the matter. “A tender document have been sent to agencies working in this space, and appointments will be made soon.” As per the document shared by Bank of … [Read more...] about Bank of Baroda to monitor 33-NBFC portfolios including Bajaj Finance, Tata Capital
Private finance firms putting pressure on self-help group women, says Rajapalayam MLA
Rajapalayam MLA S. Thangapandian has flagged the issue of private finance companies putting pressure on members of Self Help Groups for women to pay their debts with interest despite the Reserve Bank of India giving a three-month moratorium on repayment of loans. … [Read more...] about Private finance firms putting pressure on self-help group women, says Rajapalayam MLA
Khatabook raises $60 million led by B Capital Group
Digital credit ledger Khatabook has raised $60 million (about Rs 454 crore) in a fresh equity financing round led by B Capital Group, the investment firm founded by Facebook co-founder Eduardo Saverin.This takes the total funding raised by the two-year old firm to $87 million.ET was the first to report on the negotiations between Bengaluru-headquartered Kyte Technologies, which owns and operates Khatabook, and B Capital Group on February 24.The Series B round, which according to sources values Khatabook at between $275 million and $300 million, has also seen participation from a clutch of existing institutional investors, including Sequoia Capital, and Partners of DST Global, Tencent, GGV Capital and RTP Global, along with a number of prominent angel investors.“Started with a vision of transforming India's small shops, today we are the biggest player in the small business segment digitizitising a sector that forms the backbone of our economy. We are looking to work closely with … [Read more...] about Khatabook raises $60 million led by B Capital Group
