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managing director


SN Subrahmanyan, CEO and Managing Director of Larsen & Toubro (L&T), has been appointed Director and Chairman of the Board of L&T Finance Holdings (LTFH), an NBFC and a subsidiary of L&T. This appointment is in line with L&T’s overall commitment to strengthen its presence in the services field. LTFH will refocus on wholesale lending …

ALEXANDRIA, Virginia–(BUSINESS WIRE)–Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing preferred debt securities to life science and healthcare services companies worldwide, is pleased to announce that Rohit Gandhi, a seasoned investment professional, joined Oxford as a senior manager. Rohit brings over 12 years of credit underwriting experience to Oxford, primarily in the healthcare …

Cash Converters has strengthened its revenue profile by moving from small to medium size loans. Cash Converters (ASX:CCV), Australia’s largest subprime lender and second-hand property retailer, has explained the inherent lag in the revenue the firm recognizes on the loans it underwrites, to help investors appreciate the difference between its half-year results. The company generates …

Virgin Money said it had a strong performance in the first quarter of its financial year and said it believed the UK economy was recovering from the pandemic. The bank – which has its main offices in Newcastle, Leeds and Glasgow – issued a business update in which it said there was “some scope for …

DES MOINES, Iowa–(BUSINESS WIRE)–Major global investors®, through its direct lending business, Principal Alternative Credit, closed 2021 with a more than eight-fold increase in committed capital, advancing its plans to expand its private debt capabilities. Marking the completion of its first full year in the direct lending market, Principal Alternative Credit closed nearly 40 deals, including …

CHICAGO, December 14, 2021 / PRNewswire / – CIBC today announced that related companies have completed the refurbishment of a 160-unit senior and family complex on that of Chicago south side, originally built in 1983. “It is very important to CIBC that we support local initiatives that create or maintain affordable housing,” said Cheryl wilson, …

Chroniclers Hidden Market for Equity Pledges for Asset Backed Lending Wednesday 08 December 2021 By RUFUS MWANYASIMore from this author Summary Banks will issue loans at a significant discount to the prevailing share price in order to mitigate the risk of loss in the event of borrower default and / or a decline in the …

GoldenSource and Arabesque have teamed up to improve investor buying and selling access to ESG data and information. As part of this partnership, investors across the street will be able to access Arabesque S-Ray’s ESG data and information suite hosted on Amazon Web Services (AWS) Data Exchange, via the solution of GoldenSource for ESG quality …

He will oversee domestic operations in Singapore and Hong Kong, and will focus on increasing the organization’s scalability and leading its expansion to more markets. Lendela has appointed Erik Ligtenberg as director of operations, the lending platform said in a statement on Tuesday. Lightenberg was most recently executive vice president of the Lazada group responsible …

A Mintos loan company operating in sub-Saharan Africa has secured $ 9m (£ 6.6m) in new funding for specialist finance operations in Botswana. ExpressCredit Group, which is listed on Mintos’ European loan market, said operations in Botswana will allow it to diversify its financial resources and partially refinance its existing credit facilities funded by Mintos …

Madison Realty Capital and New bonds are joining forces in a new joint venture partnership to originate and purchase hotel loans across the United States, Commercial Observer can first report. The two companies announced on Monday the launch of madison newbond, an institutional lending platform that will provide senior mortgages, mezzanine loans and preferred stock …

– Jaja Finance offers digital credit products focused on simplicity, functionality, service and security – Consortium, comprising entities affiliated with the existing shareholder KKR and the new shareholder TDR, to become the majority shareholders of Jaja – Investment to drive the public launch of the Jaja credit card and other initiatives Digital lender Jaja Finance …

CHEVY CHASE, Maryland – (COMMERCIAL THREAD) – Forbright Bank, recently renamed Congressional Bank, today announced its intention to launch a new line of business to facilitate federally insured loans to finance retirement homes, assisted living facilities and housing multi-family. Jon Camps was appointed on Managing Director of the Bank’s HUD Loan Platform and oversee the …

Center for offering quick short-term loans to nightclubs; move to help companies clear Rs 1 lakh crore dues | Photo credit: BCCL New Delhi: The government is actively considering offering quick short-term loans to electricity distribution companies (discoms) as their accumulated electricity bills payable to production houses are approaching Rs 1 lakh crore. Quoting an …

After a race of more than seven years at UBS, Justin driscoll was called upon to take up a new challenge within the framework of Trez Capital’s initiative to strengthen its bridge loan platform from coast to coast. Driscoll recently began his new role as Managing Director of Trez’s real estate bridge financing program and …

DERBY COUNTY officially entered administration. As a result, the Rams were hit with a 12-point deduction from the EFL. 4 Wayne Rooney’s side were hit with a 12-point deductionCredit: PA Consulting firm Quantuma has been appointed to take control of the club’s affairs. Derby confirmed the news on Wednesday. And Andrew Hosking, Managing Director and …

Companies Sidian Bank obtains 990 million shillings for SME loans Wednesday 22 September 2021 Chege Thumbi, Managing Director of Sidian Bank (left) and Carol Mulwa, Investment Director of Oikocredit, East and Southern Africa, at the signing of a 990 million shillings line of credit for future loans to SMEs on September 22, 2021 in Nairobi. …

As the owner and operator of award-winning properties like Walker Hotels and the new one Marram MontaukBridgeton has witnessed the difficulties properties have in securing proper financing – particularly in the aftermath of COVID-19 – and plans to fill a void in debt capital markets. With strong investor demand, Bridgeton Capital is targeting $ 350 …

By Dhirendra Tripathi Investing.com – Coinbase (NASDAQ: COIN) shares recovered some losses but traded down 6% on Monday after the platform succumbed to pressure from regulators and scrapped plans to start a business of crypto lending. The company announced its decision in a blog post on Friday. In a communication to the crypto platform, the …

© Reuters By Dhirendra Tripathi Investing.com – Coinbase (NASDAQ 🙂 stock recouped some losses but traded down 6% on Monday after the platform succumbed to pressure from regulators and scrapped plans to start a lending business of crypto. The company announced its decision in a blog post on Friday. In a communication to the crypto …

NEW YORK, August 31, 2021 / PRNewswire / – DirectBooks, the capital markets consortium founded to optimize global financial markets, today announced that SMBC Nikko Securities America, Inc. (SMBC Nikko), a member of the SMBC Group, one of the largest global financial institutions, joined the DirectBooks platform. This addition brings the DirectBooks underwriting community to …

Despite its diversification into a full spectrum lending platform, Xiaomi India still does not offer cryptocurrencies at this time. The lending business of the Chinese cellphone maker operating in the subcontinent, which started as part of its internet service business, will clearly focus on the payments, lending and insurance verticals. The company is now launching …

Our clients are asking for a better solution for the properties they want to keep for the long term. And now we can help you. Tweet this With this new product, Arixa can now provide an end-to-end financing solution to single-family and multi-family real estate investors and developers with a long-term loan program for their …

We are in the middle of the holiday season, but that is not preventing some traders from leaving investment banks for jobs on the buyer’s side. Citi suffered at least two of these defections. In London, Barney Singer moved from Citi’s emerging market currency trading desk to Brevan Howard. And in New York, Andrew Logan …

LONDON (Reuters) – The Natwest Group announced on Monday that it had agreed to sell most of its Irish commercial lending business to its regional counterpart Allied Irish Banks, as part of the planned exit of the UK lender from Ireland. The deal will see AIB repossess approximately € 4.2 billion ($ 5.01 billion) in …

Independent commercial lender White Oak has announced that it has successfully provided £ 396.6million under the Coronavirus Business Interruption Loan (CBILS) program to support UK SMEs during the pandemic. Demand for CBILS was strong until the 31stst Application deadline in March, White Oak paying £ 80million into CBILS in April and May. Record demand for …

CFPB announced last week that he entered into a proposed settlement with Driver Loan, LLC (“Driver Loan”) and its managing director to settle the lawsuit he brought in November 2020 against Driver Loan and its CEO alleging that the defendants engaged in deceptive acts and practices in violation of the UDAAP’s Dodd-Frank Act prohibition on …

Provident Financial Group PLC Updates Sign up for myFT Daily Digest to be the first to know about Provident Financial Group PLC news. Provident Financial has confirmed plans to shut down its 141-year-old home loan business as its annual results highlighted pressure from the coronavirus pandemic and growing customer complaints about subprime lenders. The Bradford-based …

Gray stone enlisted a 30-year commercial real estate veteran to help expand their loan origination platform. The Manhattan-based lender on Tuesday announced the hiring of Romano Tio of Ackman-Ziff as Senior Managing Director to focus on large transactions and extend lending to a wider range of asset classes. Tio, who joins Greystone’s commercial finance team …

Numerated was named Best Business Loan Company of 2021 by FinTech Breakthrough. Numerated is once again breaking into the fintech space this year by expanding its technology to even more areas of business banking and innovating rapidly to help banks and credit unions cope with the COVID-19 pandemic. BOSTON (PRWEB) March 16, 2021 Numbered, the …

This award marks OppFi’s FinTech Breakthrough’s second consecutive victory for the company. The fintech company was named ‘Best Consumer Loan Platform’ in 2020. With an average rating of 4.9 / 5 stars based on over 14,000 online customer reviews, OppFi is one of the platforms highest rated digital financials by clients and maintains an average …

Retailer and payday lender Cash Converters has seen an increase in online demand over the past six months, with online sales rising 39% to $ 5.3 million. Overall, however, the company’s revenue fell 31 percent to $ 98.4 million, and EBITDA fell 19 percent to $ 24.6 million. “The performance of our underlying business model …

Technology Former banker carves out niche in digital credit Thursday 04 February 2021 Little Pesa Limited Managing Director Rakesh Kashyap. PHOTO | DIANA NGILA | NMG By PATRICK ALUSHULAMore from this author Summary Rakesh Kashyap is a seasoned banker who has worked in the industry for over 42 years, including 25 years in India and …

SYDNEY, Australia, February 01, 2021 (GLOBE NEWSWIRE) – nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Metrics credit partners, one of Australia’s leading non-bank lenders, has adopted the nCino Bank Operating System® transform their business lending practices to further support sustained …

Bank of Baroda (BoB) has launched its Digital Lending Platform (DLP), which will allow potential personal loan applicants to obtain loans digitally through a paperless process The platform provides “in-principle approval” for home, auto and personal loans within 30 minutes without human intervention, the public sector bank said in a statement. The bank will also …

Bhavesh Gupta Financial services platform Paytm has announced the appointment of Bhavesh Gupta as managing director of the company’s lending activities. Open call for applications for the BuzzInContent Awards 2020 ENTER NOW Gupta will develop and expand Paytm’s lending services to strengthen the company’s vision for financial inclusion for 500 million Indians. Under his leadership, …

One97 Communications Ltd, which operates Paytm, has appointed Bhavesh Gupta as Managing Director (CEO) of its lending business. In his new role, Bhavesh will develop and expand Paytm’s lending services and help the company create new credit products for customers and SMEs in partnership with other banks and NBFC. Gupta will report to Amit Nayyar, …

Paytm has appointed Bhavesh Gupta as Managing Director and Senior Vice President to lead the company’s lending business. Gupta would be responsible for developing and expanding the Noida-based company’s lending services as well as new innovative credit products in partnership with other banks and NBFC. Prior to joining Paytm, Gupta was a founding member and …

A home for sale on Sumach St. in the Cabbagetown neighborhood of Toronto, pictured May 21, 2020.Fred Lum/The Globe and Mail The coronavirus pandemic is hitting alternative lenders hard, with a substantial drop in business, a handful of mortgage investment firms preventing investors from redeeming their funds and others trying to offload their home loan …

The Association of Indian Banks (IBA) is working to make banking easier on the loan side and is also focusing on rapid decision-making amid the COVID-19 crisis, its CEO Sunil Mehta said on Friday. Member banks are working on digitizing lending products so that human intervention is minimized in the lending process, he said. “Ease …

Band Takashi Umekawa and Takaya Yamaguchi TOKYO, July 13 (Reuters) – Mitsubishi UFJ Financial Group Inc of Japan 8306.T will begin loaning to Grab users and drivers in Thailand to monetize its $ 706 million investment in the ridesharing company as its domestic market growth slumps, its chief executive said. MUFG agreed to invest in …

Company says it disbursed loans worth 1K Cr INR in Q3 U Gro has launched a direct consumer lending platform, GRO-Direct U Gro raised 100 Cr INR from the Sachin Bansal and Poonawala family in 2019 Mumbai-based non-bank finance company U Gro Capital, which started disbursing loans in January 2019, announced that it had reached …

New Delhi, November 30: RBL Bank, a private sector lender, has launched a short-term credit facility, called RBL Bank Udhaar, to provide instant working capital to retail traders. The initiative will be extended to more than 25,000 retailers spread across India’s 5,000 PINs via the B2B Wholesalebox electronic marketplace, with a loan payment of up …

A new money lender who charges an interest rate of 49.9% has been criticized by consumer rights watchdogs. UK-based Amigo, which launched in Ireland on Monday, offers loans to people with poor credit histories. The company, which has 207,000 customers in the UK, is initially testing its service in Ireland over the internet and over …

Online lending platform Kissht has raised a $ 30 million Series C from an investor group led by Vertex Ventures SE Asia & India and Sistema Asia Fund. Existing investors Fosun RZ Capital, Ventureast and Endiya Partners also participated in the new round. Kissht (which stands for EMI in Hindi) offers small consumer and personal …

SAN FRANCISCO, May 24, 2018 /PRNewswire/ — Today, Fundbox, a leader in credit and payments for small businesses serving other businesses (SMB2B), announced that it has been selected as the winner of the “Best Overall Business Lending Company” award. by FinTech Breakthrough, an independent organization that recognizes the best companies, technologies and products in the …

A new Dublin-based company, backed by Irish businessman Richard Barrett and New York-based investment group Avenue Capital, has launched here a € 200million fund for commercial real estate loans over a period of seven years. Called Real Estate Loan Management (Relm) Finance, it is part of the Bartra group of companies owned by Mr Barrett, …

Some Harmoney investors complain about a lack of transparency. Photo / Getty Images Some people are unhappy with the billing model of peer-to-peer companies. Investors fall in love with New Zealand’s leading peer-to-peer (P2P) lender. Harmoney was launched last year and investors have appreciated the opportunity to earn higher returns than bank loans. But many …