"IIM-B continues to be the preferred campus for consulting, finance and analytics profiles with many firms increasing their usual number of offers. Marketing offers have also substantially increased this year with greater interest from top recruiters and students in this domain," said Harsha Bhattad, student placement representative at IIM-B- the premiere institute that saw other major summer recruiters making 68 offers in varied internship roles. … [Read more...] about #SummerPlacements: 50% rise in finance profiles at IIM-L
Allco finance group
Single touch payroll: New move means group certificates are dying out
However, Mr Chapman said it could take a few weeks after the end of the financial year for that information to arrive, and that if you wanted to, you could also “do it yourself” more quickly by checking all your weekly or monthly pay slips, which would allow yourself or your agent to “reconstruct” the information. … [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
The women complained that they were getting knocks on their doors seeking repayment. “Similarly, some of them complained that the representatives of the financial institution threatened to lock some of the shops for non-payment of loans,” Mr. Thangapandian said. … [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
