Loan against Property

Warburg Pincus’ Capital First raises 340 cr from GIC affiliate

Capital First, a non-banking finance company (NBFC) majority owned by private equity firm Warburg Pincus, has raised fresh equity capital of 340 crore from an affiliate of GIC, Singapore. The company offers SME loans, loan against property to Indian MSME players and also provides other loans. Capital First is to allot 47.80 lakh shares to Caladium Investment Pvt Ltd, Singapore’s […]

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Sovereign wealth fund GIC invests $51m in India’s NBFC Capital First

Capital First, a Mumbai-based non-banking finance company (NBFC), is raising Rs 340 crore ($50.9 million) from Caladium Investment Pvt Ltd, an affiliate of Singapore’s sovereign wealth fund GIC, the company said in a statement on Friday. The NBFC will allot 4.7 million shares to GIC on a preferential basis at Rs 712.70 each aggregating to Rs 340.7 crore. The deal […]

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Govt certificate not needed for home loan interest tax break: Tax tribunal

The Mumbai bench of the Income Tax Appellate Tribunal has held that to claim a deduction of interest against a home loan, a taxpayer is not required to submit a completion certificate from any government authority as proof of having obtained possession within the stipulated time period. A certificate from the housing society was held to be sufficient evidence by […]

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What You do on Social Media Could Secide Your Next Loan

Manners used to make a man, now they make a loan. Trolling or stalking someone online can crimp your chances of getting a personal loan, and decide whether you get it at 30% interest or 9%, as against the industry rate of 13%-17%. like InstaPaisa, GoPaySense, Faircent, CashCare and Vote4Cash, and online credit marketplaces like CreditMantri and BankBazaar.com that have […]

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