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Kinara Capital, a fast-growing fintech, recently launched myKinara mobile app that comes with a simple 3-step process and is a first-of-its-kind in the unsecure
Kinara Capital, a social impact fintech driving financial inclusion of India small business entrepreneurs, today announced securing EUR 8 million (~INR 70 cro
Shares of Indian Railway Finance Corporation (IRFC) were trading at Rs 25.15 at 10:15 IST on the BSE, a discount of 3.27% over the initial public offer price of Rs 26.The stock was listed at Rs 25, a discount of 3.85% to the initial public offer (IPO) price. So far the stock hit a high of Rs 25.50 and low of Rs 24.30. On the BSE, 1.21 crore shares were traded on the counter so far. The IPO of IRFC was subscribed 3.49 times. The issue opened for subscription on 18 January 2021 and closed on 20 January 2021. The price band for the IPO was set at Rs 25-26 per share. The qualified institutional b...
Regulating NBFCs: RBI proposes bank-like norms for the top 30 January 22, 2021 Suggests four-layer pyramid structure, with progressive levels of regulation The Reserve Bank of India (RBI) plans to usher in a four-layered regulatory and supervisory framework for non-banking finance NBFCs as it embarks on the path of a scale-based regulation in the backdrop of the recent stress in the sector. In its discussion paper on “Revised Regulatory Framework for NBFCs -- a Scale-Based Approach”, RBI said its proposed framework could be visualised as a pyramid, comprising NBFCs grouped in four layers ...
The issue received bids for 434.86 crore shares as against 124.75 crore shares on offer. The initial public offer (IPO) of Indian Railway Finance Corporation (IRFC) received bids for 434.86 crore shares as against 124.75 crore shares on offer on Wednesday (20 January 2021), according to the stock exchange data at 17:45 IST. The issue was subscribed 3.49 times. The issue opened for subscription on Monday (18 January 2021) and it will close today (20 January 2021). The price band for the IPO is set at Rs 25-26 per share. An investor can bid for minimum of 575 equity shares and in multiples ther...