Non-Banking Financial Company IIFL Finance has become the second largest gold loan provider surpassing Manappuram Finance.”The gold loan portfolio has crossed Rs 23,690 crore assets under management, surpassing Manappuram Finance at Rs 20,809 crore worth of gold loan AUM. This has cemented IIFL Finance’s position as the second largest gold loan provider in India in…

Bajaj Finance Ltd. 500034 shares inched up 0.52% to 7,104.15 Indian rupees Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P BSE Sensex Index 1 rising 0.42% to 65,930.77. Bajaj Finance Ltd. closed 1,085.85 rupees short of its 52-week high (8,190.00 rupees), which the company achieved…

JAKARTA — Indonesia on Tuesday released the final version of an ambitious target for its transition to renewable energy and an outline for the investment needed to implement it under the Just Energy Transition Partnership (JETP), a climate financing program for developing countries backed by the Group of Seven (G7) advanced nations.Indonesia’s JETP Secretariat unveiled…

Software provider Regnology has partnered with Moody’s Analytics to provide a full end-to-end risk and regulatory compliance solution for select global markets.Combining both companies’ specialised regulatory reporting coverage, the solution uses data modelling, best-in-class calculation capabilities, extensive risk coverage and advanced analytics to ensure efficiency and compliance with regulatory reporting standards across markets.The product has…

Serica Energy (LON:SQZ) has announced a new chief financial officer will take up his post in the new year, after current CFO Andy Bell confirmed his intention to step down.He will be succeeded by Martin Copeland, who joins from his current role as principal at energy advisory firm Kirk Lovegrove & Co. Mr Copeland has…

Leading consumer finance provider BNP Paribas Personal Finance UK has strengthened its retail finance team with the appointment of a Commercial Director in the company’s Solihull office.  Following an exciting year for retail partnerships with the launch of household names such as Wren Kitchens, Balraj will head up the retail finance team to accelerate new and existing…

Gifts are great aren’t they? As the holiday season approaches, the spirit of giving is in the air. Gift giving reinforces appreciation between people. The recipient feels grateful and the giver gets to feel a sense of satisfaction and fulfillment – especially when the gift fits the person set to receive it. Why am I…

China Resources Bank has debuted two key components of its Financial Infrastructure Innovation Platform – a financial transaction cloud and a new supply chain finance platform – built on ORIGIEN, the financial-grade digital infrastructure developed by digital transformation specialist GienTech. Promoting the development of sophisticated home-grown financial technology (fintech) in the Guangdong-Hong Kong-Macao Greater Bay…

The P3 sector in the United Kingdom is due for a “reset” leading to a possible overhaul of relationships between parties says a British authority on the subject. A large majority of Private Finance Initiatives (PFIs), as P3s are called in the U.K., are on the right track but there has been enough well-publicized acrimony,…

Stablecoin issuer Tether deposits of more than $1 billion with a financial services firm are at the center of a legal battle in London’s High Court, the Financial Times reported on Tuesday. Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High…