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Bangalore (Karnataka) [India], December 15 (ANI/NewsVoir): Kinara Capital, a fast-growing fintech driving MSME financial inclusion, today announced the launch of additional 15 new branches, that brings the company's total field presence to 125 branches serving MSMEs in 100+ cities across Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Telangana and UT Puducherry. The new branches will expand the company's customer service in Tier 2 urban areas. Kinara Capital aims to support 2,00,000 MSMEs in the next 3 years. The company on-boarded 800 employees this year, thereby increasing the workforce by 45 per cent and plans to hire 2,000 by FY25. Serving the MSME sector for over a decade, Kinara Capital is wholly dedicated to simplifying access to credit for small business entrepreneurs. With 90 per cent of Kinara's customers new to business credit, doorstep customer service in vernacular languages is a critical step towards educating many small business entrepreneurs on ....
Mumbai (Maharashtra) [India], December 7 (ANI/PNN): Star Housing Finance Limited (Star HFL) (Scrip code: BOM: 539017), a rural focused HFC, has received the members' consent for a bonus issue at its shareholders' meeting held on December 6, 2022. The shareholders have also approved the proposal to split the company's shares. The board of directors of the company has fixed December 16, 2022, as the record date for the purpose of bonus issue and share split. The members of the company approved a bonus issue in the ratio of 1:1 i.e. One new bonus equity share for every one existing fully paid-up equity share and subdivision of the company's one equity share of the face value of Rs 10 each into two equity shares of the face value of Rs 5 each. Speaking on the occasion, Ashish Jain, MD of Star HFL said, "Star HFL board has declared Dec 16, 2022 as the record date for subdivision and bonus for shareholders. This action is consistent with our philosophy of creating sustai ....