Business

YES BANK among 100 Best Emerging Market Performers, according to V.E, part of Moody’s ESG SolutionsYES BANK among 100 Best Emerging Market Performers, according to V.E, part of Moody’s ESG Solutions

Poonawalla Fincorp Q1 FY22 Profit before Tax up 72% to Rs 81 Cr YoY; Collections inching towards Pre-COVID levels

Pune, August 16, 2021: The Board of Directors of Poonawalla Fincorp Limited (PFL), today announced its un-audited results for the quarter ended June 30, 2021 (Q1FY22). On a consolidated basis, the Company’s profit before tax (PBT) for Q1FY22 was ₹ 81 crore and Assets under Management (AUM) stood at ₹ 14,424 crore. Performance Highlights (Consolidated) AUM remained flat at ₹ 14,424 crore on QoQ basis due to COVID-19 restrictions across the country Q1FY22 NIM increased by 107 bps to 7.92% in Q1FY22 from 6.85% in Q1FY21 Consolidated PBT increased by 72% to ₹ 81 crore in Q1FY22 from ₹ 47 crore in Q1FY21 RoA increased to 1.80% in Q1FY22 from 0.90% in Q1FY21 Capital Adequacy Ratio (CAR) increased to 57.8% in Jun’21 from 20.3% in Mar’21 Collections At a consolidated level, the collections which dipped to 84% in Apr’21 and fallen further to 80% in May’21 owing to COVID-19 restrictions...

VerSe Innovation Raises $450M+ Led by Siguler Guff, Baillie Gifford and Carlyle Asia Partners – More than Doubles Valuation in the last 5 Months, Taking the Total Raise to $650M+ In 2021

Bengaluru, Aug 12, 2021: VerSe Innovation, India’s biggest local language technology platform, today announced it has raised & signed definitive...