Tag Archives: finances

Indiabulls Housing Finance’s true test begins

Gagan Banga, Indiabulls Housing Finance’s (IBHF) managing director, is not disappointed after the Reserve Bank of India (RBI) rejected its proposed merger with Lakshmi Vilas Bank (LVB). “Frankly, this is a relief,” Banga tells Forbes India. “After months, I sat down with my team for three-and-a-half hours and discussed business strategy and disbursal targets. We are firmly back on the growth ... Read More »

Centrum set to buy L&T Finance’s supply chain business

Centrum is expected to take on board the executive team of about 60 people, scaling up the business significantly after the buyout. The Centrum Group, controlled by former Standard Chartered banker Jaspal Bindra, is set to acquire L&T Finance’s supply chain lending business that has an outstanding loan book of Rs 800 crore. The divestment is part of a broader Larsen &Toubro ... Read More »

uk’s Osborne ‘to desert 2020 finances surplus goal’: document

U.k. Chancellor George Osborne has deserted his purpose to attain a budget surplus by using 2020,consistent with the BBC. In an online file on Friday, the BBC stated it had discovered that the finance minister was to drop the targethaving stated that the usa needed to be “realistic about reaching surplus with the aid of the cease of the decade.” ... Read More »