RBI Surplus transfer to central GOVT

RBI Surplus transfer to central GOVT ..!


For 2018-19 Rs. 1,76,051 Cr 
Share:

Economy is not struggling...the business models are changing...!

Economy is not struggling...the business models are changing...!

Below is a very interesting insight :
 
Often heard nowadays that " Indian Economy is struggling ". 

Sit back & dispassionately think "is the economy really struggling or  are business models struggling ?

Some food for thought:

1) Car sales are going down... but Ola / Uber are rising.

2)  Restaurants are going empty... but home delivery is rising

3) Tuition classes are not getting students but online studying is rising 


4) Traders are struggling but online market sites and reference based direct selling are breaking all records in sales.

5) Old commission based businesses are snivelling... but online services, at low cost, are finding takers.

6) Cell phone bills have reduced & internet penetration is increasing.

7) Stable (read "Govt Jobs") are dwindling but "Start up" jobs offering equity & Flexi work time are expanding.

8) Jobs seekers are reducing but job creaters are on the rise. Working 40 hrs a week for 40 years is trend of past. Working for few years and spending quality time in contributing to society is the trend. 

If truth be told what we are experiencing is a transition phase.

& Any transition is painful for the "well set"...... "the masters of the past". 

It's challenging for those whose business models are based on ancient data....

From Whatsup 

It's a mystery for those who have never looked beyond traditional methods or have assiduously resisted change of any kind.

*Economy is not struggling...the business models are changing.*
Share:

Paradigm Realty on reduction of premium on fungible FSI



Paradigm Realty on reduction of premium on fungible FSI

perspective of Mr. Parth Mehta, Managing Director, Paradigm Realty on reduction of premium on fungible FSI                                              
 “High premium rates of fungible FSI were an impedance for developers in the past which slowed down the overall expansion of the real estate sector. This move by the government to reduce premiums on fungible FSI from 50% to 35% in residential projects and alternatively from 60% to 40% in commercial projects will definitely propel growth in the sector. The input cost of premiums for increased floor space is expected to come down. The stalled proposals shall become viable to an extent due to Lowered premiums. It is a relief for developers as shrinking margins shall be resorted from deteriorating further due to cost escalations whereas pricing remains to be stagnant.''



Share:

YES BANK raises Rs. 1,930 crores through Qualified Institutions Placement (QIP) route



YES BANK raises Rs. 1,930 crores through Qualified Institutions Placement (QIP) route

YES BANK, pursuant to the allotment of its equity shares on August 15, 2019, has raised Rs. 1930 crores through the Qualified Institution Placement (QIP) route. The QIP opened on August 08, 2019 and closed on August 14, 2019. 

The Bank allotted 23.1 crores equity shares of face value of Rs. 2 each to eligible qualified institutional buyers (QIBs) at Rs 83.55 per Equity Share, in accordance with the pricing formula provided under Regulation 176(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The QIP increases the Bank’s Total Capital Adequacy Ratio to 16.2%*, Tier I Ratio to 11.3%* and Core Equity Tier I Ratio to 8.6%*, ensuring that the Bank remains capitalized well above the regulatory limits.

*Post QIP Issuance considering position as at June 30, 2019(including profits for the Q1FY20)

The issue saw strong response from foreign as well as from domestic QIBs. The overall allocation to foreign institutional investors is approximately 34% from USA/Europe, 40% from Asia, and balance from domestic insurance companies and mutual funds highlighting a well-diversified representation and demand from across the world. The QIP also enables a further diversification of the shareholder base of YES BANK.



CLSA India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Private Limited, Prime Securities Limited and YES Securities (India) Limited were the Global coordinators and Book Running Lead Managers to the QIP issue. The Legal Advisors to the transaction were AZB & Partners, Linklaters Singapore Pte. Ltd. and L&L Partners (formerly known as Luthra & Luthra Law Offices). The Statutory Auditors were BSR & Co LLP.

On the successful completion of the equity allotment, Ravneet Gill, Managing Director and CEO of YES BANK, said, “We are delighted with how our fund raise has been supported by marquee global and domestic investors. We maximised the size to the extent of the (up to) 10% dilution limit currently approved by our shareholders. The success of the QIP is extremely satisfying given the strong global and domestic headwinds and a credit environment beset with challenges. We see this as a strong endorsement by the investor community of the inherent strengths of the YES BANK franchise and its future growth prospects.” 

Legal Disclaimer:  These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”).
The Securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
For any media queries, please contact:

YES BANK                                                                
Swati Singh                                                                
Email: swati.singh6@yesbank.in                            

f

Share:

NFO Open: Sundaram Equity Fund!

NFO Open 

Sundaram Equity Fund!

Mutual Funds - NFO
Share:

MUTUAL FUND INVESTMENTS: How To Read A Factsheet

MUTUAL FUND INVESTMENTS: 

How To Read A Factsheet? 



AUM :

 AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. 
 

NAV 
:
The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. 


Benchmark 
:

 A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. 


Nature of Scheme 
:

The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund.

Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. 


Application Amount for Fresh Subscription 
:

This is the minimum investment amount for a new investor in a mutual fund scheme. 


Minimum Additional Amount 
:

This is the minimum investment amount for an existing investor in a mutual fund scheme. 


Exit Load 
:

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be Rs 99 Per Unit. 
 

Yield to Maturity 
:

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. 


Modified Duration 
:

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.


Standard Deviation 
:

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. 


Sharpe Ratio 
:

The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. 


Beta 
:

Beta is a measure of an investment's volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. 


Holdings 
:

The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both.

The objective is to give investors an idea of where their money is being invested by the fund manager. 


Rating Profile 
:

Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings.

A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. 


Tracking Error 
:

Tracking error is a measure of how closely a portfolio follows the index to which it is benchmarked. It is calculated as the standard deviation of the difference between the portfolio and index returns. 


Note 
:

SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor 


Fund Manager
 :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. 


SIP 
:

SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests ₹ 500 every 15th of the month in an equity fund for a period of three years. 


Entry Load 
:

A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/ agent.Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is ₹ 100 and the entry load is 1%, the investor will enter the fund at ₹ 101.

THANKS : A
xismf.com
Share:

SINGLE INVESTMENT TO DIVERSIFY ACROSS LARGE CAP COMPANIES


 SINGLE INVESTMENT 

TO DIVERSIFY 

ACROSS

LARGE CAP COMPANIES


AXIS BULECHIP FUND
Share:

Sundaram Mutual Fund Free Investor meeting Vellore August 18 2019 Chief Guest Mr. Suresh Parthasarathy

Sundaram Mutual Fund 
Free Investor meeting 
Vellore  


August 18 2019
Chief Guest Mr. Suresh Parthasarathy 
Share:

Satin Creditcare Network registers net profit Rs. 41 Cr for Q1FY20



Satin Creditcare Network Limited registers profit after tax (PAT) of Rs. 41 Cr for Q1FY20, up by 48.6% YoY

Satin Creditcare Network Limited (“SCNL”) [BSE: 539404; NSE: SATIN], one of the leading microfinance company in the country, today announced a 48.6% YoY growth in its PAT at Rs. 41 Crfor Q1FY20 (Rs.28 Cr in Q1FY19) on consolidated basis. The company recorded a PBT of Rs. 64 Cr for Q1FY20, up by 55.7% YoY (Rs. 41 Cr in Q1FY19).

The company recorded strong Capital Adequacy Ratio (CRAR) of 30.5% .The results were taken on record at the meeting of the Board of Directors here today.

Financial Performance: (On consolidated basis)

In Rs. Cr
Q1FY20
Q1FY19
YoY %
Gross Loan Portfolio (GLP)
7,139
6,026
18.5%
Net Interest Income
201
174
15.6%
Profit Before Tax (PBT)
64
41
55.7%
Profit After tax (PAT)
41
28
48.6%
Return on Assets (RoA)
2.4%
1.7%
45.3%
Return on Equity (RoE)
13.4%
11.7%
14.2%

Increasing Footprints:

Q1FY20
Q1FY19
YoY %
Branches
1,228
1,017
20.7%
No. of Clients
36,04,373
30,02,567
20.0%
Districts
368
325
13.2%

Business Performance:


·       Equity infusion via Conversion of warrants worth Rs 60 cr by Promoter and OCCRPS worth Rs 45 cr by IndusInd Bank Ltd at Rs 335 per share
·       Only lender to 57% clients at the time of disbursement

·       Business Correspondent business with IndusInd Bank reached Rs. 647cr AUM

·       Social rating sA from Microfinanza, C1 Code of Conduct Assessment (COCA) from ICRA, the highest grade

·       Received ‘First place’ amongst all MFIs in Customer Service Index evaluation conducted by MFIN for fair practices code, policies and processes

·       Loan Dost”, the digital lending platform to now offer loans to self-employed class along with salaried clients

·       Pan India presence servicing more than 36 lacs clients across 368 districts with differentiated financial offerings

·       Raised Rs.1,428cr of incremental funds during the quarter and undrawn sanctions worth Rs. 1,412 cr.

·       Focused on Portfolio quality with technology and process advancements
·       Subsidiaries:

·       Taraashna Financial Services to be converted to NBFC

·       Satin Housing Finance Ltd crossed AUM of 100 cr with nil delinquency

·       Satin Finserv Limited crossed AUM of 30 cr

Speaking on the company's performance during the quarter, Mr. H P Singh, Chairman and Managing Director said, “We delivered strong growth despite challenging environment faced by NBFC industry. We have achieved 48.6% YoY growth with profit after tax standing at Rs. 41 Cr. The company aims to be one-stop solution provider by leveraging its rural outreach. In this regard Satin has rolled out separate subsidiaries namely Satin Housing Finance (to focus on housing finance) and Taraashna Financial Services  (Business Correspondent) and Satin Finserv (focus on MSME segment).  We continued to deepen our presence in the underserved rural/semi-urban areas, across 22 states and union territories. To achieve this, we have curated our business strategy on four core pillars; geographical expansion, portfolio diversification, asset quality and strategic partnership with financial institutions.”

He further added “Our management has strategically decided to diversify revenue stream by increased cross-sell of products within Satin’s ecosystem. Over the past couple of years Satin has made significant investment towards technology and developed a state-of-art in-house digital platform to become the first microfinance company to foray into Fintech. We believe there are growth opportunities available for microfinance players with strong balance sheet and non-urban focused business model.”


Satin Creditcare Network Limited (SCNL or Satin) is a leading microfinance institution (MFI) in the country with presence in 22 states and around 80,768 villages. The company mission is to be one stop solution for excluded households at the bottom of the pyramid for all their financial requirements.
The company also offers a bouquet of financial products in the Non-MFI segment (comprising of loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Financial Services Limited, a business correspondent company and a 100% subsidiary of SCNL.

In April 2017, SCNL incorporated a wholly owned housing finance subsidiary (Satin Housing Finance Limited or “SHFL”) for providing loans to the affordable housing segment.

In January 2019, received separate NBFC license to commence MSME business, Satin Finserv Limited. SCNL forayed in digital lending “Loan Dost” to target millennials.

As of June 2019, SCNL had 1,228 branches and a headcount of 11,085 across 22 states and union territories serving 36 lakh clients. A pan-India player with a strong presence throughout Uttar Pradesh, Bihar, North East, Madhya Pradesh and is a dominant player in its other states of operations.

Disclaimer
This document may contain certain forward looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Company

Satin Creditcare Network Ltd.

CIN: L65991DL1990PLC041796
Corporate Office: 1st& 3rd Floor, Plot No. 97, Sector 44, Gurugram – 122 003
Landline No: +91 124 471 5400
Registered Office: 5th Floor, KundanBhawan, Azadpur Commercial Complex, Azadpur, Delhi-110 033


For further information, please contact:

Ms. Asleen Kaur
Satin Creditcare Network Ltd
Mob: 9711306384
Mr. Harsh Trivedi
Adfactors PR
(M): 9987218372





Share:

Topics

Blog Archive

நிதி முதலீடு

ADVT

Recent Posts

Latest Posts

Find us on Facebook

NRI INVESTMENTS