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Anil Ambani: Reliance Capital will no longer exercise any lending activity: Anil Ambani
Mumbai: Reliance Group Chairman Anil Dhirubhai Ambani (ADAG) Anil Ambani said on Monday that he would no longer participate in any lending activity. “As part of the transformation process, Reliance Capital has decided that it will not participate in any of the lending activities,†Ambani told shareholders at the company’s annual general meeting (AGM) in …
RCapital leaves its lending activity
Reliance Capital, the non-banking finance company of Reliance Group headed by Anil Ambani, has decided to withdraw from all lending activities. The company’s lending arms – Reliance Commercial Finance and Reliance Home Finance – are in talks with the lenders to finalize a resolution plan by the end of the year. “As part of the …
Anil Ambani’s RCap to quit lending business and stay focused on insurance
The annual general meetings (AGM) of Anil Ambani Group companies on Monday saw some shareholders worrying about the sharp drop in share prices. The conjunction of various factors, said the group’s chairman Anil Ambani, caused “collateral damage”. Ambani said the group’s companies have faced challenges over the past six months due to …
Marianne Lake, CFO of JPMorgan Chase, will lead the bank’s consumer lending activities
JPMorgan Chase is making some changes to its senior management. The mega-bank announced on Wednesday that its current CFO, Marianne Lake, will become the CEO of its consumer lending business, which includes mortgages, card services and auto finance. Lake, which is took into consideration being one of the potential replacements for CEO Jamie Dimon when …
Indonesian Julo raises $ 10 million to expand P2P lending platform – TechCrunch
Julo, a peer-to-peer lending platform in Indonesia, said on Wednesday it has increased its $ 5 million Series A raise to $ 15 million as it seeks to expand its business in the key market of South East Asia. The $ 10 million Round A2 round for the Jakarta-based startup was led by Quona Capital, …
Oak Street is ending its independent lending business
RIA financier Oak Street Funding has ended its practice of lending money to independent advisers, a source familiar with the matter said. Citywire. Based in Indianapolis, Indiana, Oak Street Funding offers RIA loans to fund mergers and acquisitions, buy back stock to fund succession planning, or serve as general working capital. The company competes with …