Tag: Finance
-
Bajaj Finance, RBL Bank fall as RBI grants only 1 more year to co-branded credit cards
RBI has not yet allowed NBFCs to launch credit cards so most NBFCs have opted for the co-branded route. Bajaj Finance has credit card partnerships with RBL Bank and DBS Bank. While DBS Bank partnership is one-year old, the one with RBL Bank is a long standing one that started in FY18. Observing “serious deficiencies”…
-
Horizon Technology Finance: When The Yield Does Not Justify Risk (NASDAQ:HRZN)
designer491 Horizon Technology Finance (NASDAQ:HRZN) is a relatively small-size BDC with a heavy focus on VC-profile company lending activities. According to HRZN’s investment policy, the following criteria are applied when considering new investments: Deal size up to $50 million Deal term based on a 3-5 year period with a meaningful interest-only period Priority interest over…
-
Ujjivan Small Finance Bank announces its Q2 FY24 results
Growing Bigger & Stronger Consistently NII at ₹ 823 crore up 24% Y-o-Y; PAT at ₹ 328 crore up 11% Y-o-Y Disbursed ₹ 5,749 crore / ₹ 11,033 crore in Q2FY24/H1FY24; Gross loan book up 27% Y-o-Y Asset quality continues to be healthy with GNPA/NNPA at 2.2%/0.09% & PAR at 3.7%; Deposits at ₹29,139 crore…