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Namfisa warns against unscrupulous micro lenders

The Namibia Financial Institutions Supervisory Authority (Namfisa) has warned members of the public to desist from borrowing money from unregistered micro lenders who ask them to share their sensitive information including bank cards, personal identification numbers (PINs) and personal information.
Uaatjo Kaurimuje Namibia Financial Institutions Supervisory Authority Namfisa Micro Lending Income Tax

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AU Small Finance Bank: Merging with Fincare to enter MFI segment, southern markets: AU Small Finance Bank

AU SFB, in a late evening regulatory filing on Sunday, announced its approval of the amalgamation. Post the deal announcement, Fincares Rs 625-crore initial public offering will be on the back burner, said Divya Sehgal, a nominee director on its board and added that the promoter of the entity will infuse Rs 700 crore into the bank before the merger.
Divya Sehgal Sanjay Agarwal Fincare Small Finance Bank Competition Commission Of India Au Small Finance Bank Finance Bank

NEDFi declares 8% dividend amounting to Rs 800 lakhs to its shareholders in 2022-23

North Eastern Development Finance Corporation Limited (NEDFi) has declared an 8% dividend of Rs 800 lakh for the financial year 2022-23. NEDFi achieved record-breaking figures in various parameters, including financial assistance and loan portfolio. The net worth of NEDFi crossed Rs 1000 crore, and it facilitated private capital investment of over Rs 20000 crore in the region.
Eastern Development Finance Corporation Limited Nedfi Ministry Of Do Venture Fund Annual General Meeting Annual Report North East Venture Fund

Nifty, Sensex Remains Under FII Selling Pressure – Weekly Closing Report

On Monday, 2209 stocks advanced, 1470 declined and 199 remained unchanged, with an advance decline ratio of 1.50 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Markets opened the week with a gain of more than 0.5%, following encouraging global signs. Beaten-down sectors of the previous sessions, such as IT, metals, power, and oil & gas stocks, performed well while a strong buoyancy in Asian and European indices boosted the local market confidence.
Tamil Nadu United States New South Wales India General Pawan Munjal Cera Sanitaryware

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