The CSB Bank, formerly known as the Catholic Syrian Bank is one of the oldest private sector banks in India, established in 1920. CSB has its headquarters and a strong base in the Thrissur district of Kerala along with a significant presence in Tamil Nadu, Karnataka and Maharashtra and is also moving towards establishing its presence in the western region. The Bank offers a wide range of products and services, with a particular focus on small and medium enterprises (SME), retail and NRI customers to cater to an overall customer base of 1.3 crore as on September 30, 2019. It operates through network of over 412 branches excluding 3 service...
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a wholly-owned subsidiary of Indian Railways, Government of India. It is a Mini Ratna (Category-I Central Public Sector Enterprise), incorporated in 1999 as an extended arm of the Indian Railways with the objective to upgrade, modernize, professionalize and manage the catering and hospitality services at stations, on trains and other locations, online ticket booking services, packaged drinking water and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems....
JK Paper Ltd (JKP), a member of HS Singhania Group is one of India's largest paper companies which was established in 1962. The Company is a part of the prominent JK Organisation, which is over 100 years old and one of the leading business conglomerates of India. JKP is the market leader in Branded Copier Paper in India and amongst the top two players of Coated Paper and...
The conventional method of divesting stake in Public Sector Enterprises is either sale of shares to investors i.e. Initial Public Offer (IPO) or the Offer for Sale (OFS) route. One of the other mode is floating an Exchange Traded Fund (ETF). CPSE ETF is a passive investment fund that was created to help the government in its disinvestment program of divesting stake in selected Central Public Sector Enterprises (CPSE) through Exchange Traded Funds (ETF). The fund invests in the Nifty CPSE Index stocks - that includes ten PSU companies (Maharatnas, Navratnas, Miniratnas, Sector Leaders) selected on...
Power Finance Corporation Ltd. (PFC) was incorporated in 1986 - a Schedule-A Navratna CPSE (Central Public Sector Enterprises) and is a leading Non-Banking Financial Corporation in the Country. It is a specialized public financial institution in power sector and is the largest infrastructure finance company in the country by net worth. It is incorporated to finance, facilitate, invest and promote India's integrated development of the power and associated sectors. PFC's product portfolio comprises of financial products and services mainly to power projects like project term loans, short term loans, equipment lease financing, discounting of bills and consultancy services. It has also initiated financing of projects based on renewable energy...
Key Policy Rates Slashed by 25 bps; Stance Changed to Accommodative' The Reserve Bank of India (RBI) in its Second Bi-monthly Monetary Policy review (2019-20), cut key policy rate for the third time in a row and changed the stance to support benign growth conditions. It was for the first time since September 2010 that the repo rate slipped below 6%. The Monetary Policy Committee (MPC) decided to change the stance of monetary policy from neutral to accommodative. The decision made was in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth. Following are the policy measures and vital announcements by the RBI:...
Bandhan Bank Ltd. (BBL) was incorporated in 2014 as a wholly owned subsidiary of Bandhan Financial Holdings Ltd. (BFHL). Kolkata- headquartered BBL is the first bank to be set up in the eastern part of India after Independence and is promoted by its founder, MD and CEO Mr. Chandra Shekhar Ghosh. BBL provides pan-India services with focus on micro banking and general banking services majorly serving urban, semi-urban and rural markets in India. BBL is the first microfinance entity and the first in a decade that was transformed into a universal bank in India. BBL started its operation as an NGO in 2001 which was transferred into India's largest microfinance company by number of customers...
Wipro Ltd. is an Indian multinational corporation and a leading global information technology, consulting and business services company. It is headquartered in Bengaluru, Karnataka, India. The company is into cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help the clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship,...
Axis Bank Ltd. (Axis) is the third largest private sector bank in India and one of the first new generation banks to have begun operations in 1994. Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI. The Bank offers the entire spectrum of financial services which includes Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business services to customer segments covering Large and MidCorporates, MSME, Agriculture and Retail Businesses. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations,...
