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2 weeks ago

Utkarsh Micro Finance gets final nod to set up Small Finance Bank - Economic Times

MUMBAI: Utkarsh Micro Finance has received final license from The Reserve Bank of India (RBI) to start operations as Small Finance Bank (SFB). In October 2015, Utkarsh Micro Finance had got the "in-principle" approval to set up SFB as per the guidelines issued by the RBI.

"This is a very proud moment for Team Utkarsh and we will continue to be committed to the mission of financial inclusion and offer wide range of banking products to the people. We look forward to continue as a reliable, scalable and sustainable institution which is process centric, people oriented and backed with technology," said Govind Singh, MD & CEO, Utkarsh Micro Finance.

Incorporated in 2009, Utkarsh Micro Finance is among the top 10 micro finance company in the country with operations in 10 states. The new SFB will be named as 'Utkarsh Small Finance Bank Ltd-' and is likely to start banking operations in early 2017.

6 months ago

The Case for Going Long Canadian Stocks in Any Brexit Outcome - Bloomberg

Whether Britons vote to leave the European Union or agree to stay, Manulife Asset Management fund managerSteve Belisle plans to be a buyer in the Canadian stock market.

The bigger question at the moment is what he will be buying -- energy stocks in an exit or the big banks if the U.K. votes to stay.

Theres more downside if theres a leave at this point than upside in a remain scenario, Belisle said in a phone interview Wednesday from Montreal. His team manages about C$3 billion ($2.4 billion). Manulife Asset Management oversees about $325 billion. We will be a buyer in a leave scenario, looking at stocks we like that overreact. If theres a remain, we will probably buy but to a l

8 months ago

BRIEF-HFF arranges $170 mln financing for Jersey City apartments - Reuters

April 12 HFF Inc :

* Says arranges $170 million financing for Jersey cityapartments

* Says loan proceeds were used to replace existingconstruction financing

* Says arranges $170 million financing for Jersey cityapartment (corrects typo)Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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1 year ago

Want Great Ideas About Personal Finance? Look Here!

Managing your finances, especially if you are on a limited income, isn't always easy. If you are going to avoid going into debt or worse, it is vital, however. The advice in this article can help you control your spending and help you avoid becoming a credit card debt statistic.

Look into a better plan for your cell phone. If you have had your cell phone for at least a couple of years, there is probably something out there that will benefit you more, chances are. Call your provider and ask for a better deal. Alternatively, look around and see what is being offered.

If you can afford it, try making an extra payment on your mortgage every month. The extra payment will apply dir

1 year ago

Avoid Money Trouble With These Personal Finance Tips

Given the current state of the economy, people are doing everything they can to stretch their dollars. This is necessary to be able to make purchases for essential items, while still having a place to live. The following personal finance tips will help you to get the most out of the limited amount of money that you have.

Buying used can save you a lot of cash. Cars for example, lose up to 20% of their purchase price, just by signing on the dotted line and driving off the lot in it. Let someone else pay for that depreciation by purchasing a car that is a couple of years old. You will still have a low mileage warrantied car, but without the hit to your equity.

Stop charging a c