The IndusInd Bank has entered into an agreement with Overseas Private Investment Corporation to raise $225 million loan to support expansion of its micro, small and medium enterprise lending programmes across India. At least 25 per cent of the proposed facility will support women entrepreneurs an…
Tag: IndusInd Bank
Hinduja family buys stake in sports start-up UACTIV
Mumbai: The Hinduja family has acquired a stake in UACTIV.com, a social networking and discovery platform for sports and fitness enthusiasts. Hindujas took the stake in December as the lead investor in the startup’s first seed round funding, UACTIV Co-Founder Atish Chhabria told. “While they do n…
‘The runway for mid & small-cap companies is long but not infinite’
According to Morningstar India, mid-cap funds constituted 11% of the overall equity fund assets under management in 2014; this moved up to 16% in 2015 and currently stands at 20%. Mid- and small-cap funds have been getting a lot of inflows as compared to large-cap flows. Are we building ourselves…
IndusInd Bank to use IBM’s cloud commerce solutions to transform customer engagements
IndusInd Bank will transform customer engagement with IBM’s multi-channel digital marketing services in order to enhance its cross-sell platforms. In retail banking space, businesses need digital marketing solutions capable of sifting through large amounts of transactional and interaction data fr…
PayU India plans to double value of processed transactions to $1 billion per month
Financial technology arm of Naspers, PayU India, said its payment gateway business plans to double the total value of transactions processed, to $1 billion per month in the next one year, backed by boost in volumes from offline and online partnerships. “Striking partnerships is critical to …