Religare Loan

Religare, which has been selling its units to cut down its debt pile, said in January that a private equity firm would buy its health insurance business. It has more than $770 million of bonds and loans outstanding, according to Thomson.

Religare Finvest, a wholly-owned subsidiary of Religare Enterprises, is likely to post 18-20% growth in its loan book this financial year, a top company official said. "We expect the (loan) growth rate to be around 18-20% in the current.

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ISO Certification – Religare Finvest Limited has successfully secured ISO 9001:2008 certification for its customer centric processes. THE COMPANY IS HAVING A VALID CERTIFICATE OF REGISTRATION DATED NOVEMBER 10, 2006 ISSUED BY THE RESERVE BANK OF INDIA UNDER SECTION 45 IA OF THE RESERVE BANK OF.

Non-banking finance company Religare Finvest plans to increase its loan portfolio to Rs 14,000 crore by the end of the current fiscal, betting big on the small and medium enterprises (SME) sector. “We plan to increase our loan book by.

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The non-convertible debenture (NCD) public issue of Religare Finvest had been oversubscribed 1.31 times till afternoon on the last day of its issue today. An NCD is a type of loan-linked security issued by a company that cannot be.

In addition, further declines in the market value of Customers’ investment in Religare Enterprises. spin-off/merger.

Crisil warns of risks in loan against property business Big-ticket loans. Private equity firms in race to buy Religare Enterprises Keep an eye on Religare Enterprises Ltd. According to The Economic Times, two private equity firms are.

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The fourth quarter decline was tied to a decision to reduce its holdings of Religare Enterprises Limited. strike a final deal for the sale of BankMobile within 60 days. Total loans from continuing operations, including commercial loans.

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New Delhi: In an ambitious business expansion plan, non-banking finance company Religare Finvest is looking to double its loan book size to USD five billion and quadruple the customer base to one lakh clients in about three years.

Loan is repayable in maximum of 30 years including moratorium of max- 18 months. Repayment period shall not exceed retirement age for salaried class and 70 years of age for other than salaried class.

Slow credit growth would keep the statutory lending rate (SLR) elevated in the coming months, according to a report by Religare Institutional Research. Financial year (FY) 2016-17 loan growth is expected to remain at around a modest.

Religare Enterprises Limited is the holding company for one of India’s leading diversified financial services groups. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including.

Eight years later, the company has been renamed Religare Enterprises ("Religare" is Latin for religion. life insurance and mutual funds. It gives personal loans against shares and property. It also runs an education and healthcare fund.

Private lender Axis Bank, the week’s top gainer, added 8.2% after brokerages said a change in the lender’s top management is a long-term positive and will help better address its bad loans problem. president of Religare.

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The loans have since been recognized as related-party transactions and repayment has commenced. The Institute of Chartered Accountants of India, a statutory body that oversees auditors, will be asked to look into Fortis and Religare.

Religare Finvest provides debt capital to MSMEs (micro, small and medium enterprises) in form of loans against property, working capital loans, loans against plant and machinery, vehicles and construction equipments and loan.

BANGALORE (Reuters) – Financial services firm Religare Enterprises Ltd(RELG.BO) has agreed to buy a part of Citigroup’s(C.N) home loan portfolio in India for nearly 5 billion rupees ($107 million), the Economic Times said.

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It did not elaborate. Religare has more than $770 million of bonds and loans outstanding, according to Thomson Reuters Eikon data. The Times of India reported last month that Religare was being investigated by the country’s serious.

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