E-PaperClix Capital News
Lakshmi Vilas Bank board approves raising up to ₹500 crore via rights issue
Last week, the lender said it has received a non-binding offer from non-banking finance company Clix group for a merger
1 min read15 Oct 2020'Retail demand & digitsation of banks': Clix Capital’s Adheer Dhar explains
Adheer Dhar, Clix Capital’s Business Head for Personal loans, explains how digitization was ‘forced’ on larger and even smaller banks during the pandemic. Speaking during Mint Money Conversation, Dhar explains why he expects retail demand to go up in the festive season. Dhar also explains how lending has changed during the pandemic. Watch the full video for more details.
10 Oct 2020Turmoil at Lakshmi Vilas Bank puts Clix deal in jeopardy
The struggling private bank is desperately looking for capital and is in talks with the Clix Group for a merger
2 min read30 Sep 2020Lakshmi Vilas Bank in talks with investors to raise ₹1,000 cr more
Lakshmi Vilas Bank says it is looking at ways to bolster its capital adequacy ratio
2 min read14 Jul 2020Deals Buzz: Adani group firms plan to raise $2 billion from dollar bonds
In other news, Clix Capital has raised $40 million (about ₹282 crore) in fresh financing led by its largest stakeholder AION Capital
2 min read30 Sep 2019Deals Buzz: Vodafone values 42% stake in Indus Towers for $5 billion
In other news, Amazon doubles capital to Rs31,000 crore, while KKR is in talks to sell Aricent for $1.5 billion
3 min read15 Nov 2017IDFC Bank’s Bhavesh Gupta appointed Clix Capital CEO
Clix Capital came into being after Pramod Bhasin acquired GE Capital India with the backing of AION Capital Partners in September
1 min read24 May 2017We will see competition from Amazon, Paytm in lending: Clix’s Pramod Bhasin
Pramod Bhasin of Clix Capital says to face competition from the likes of Amazon, Paytm in lending, it is essential to innovate and explore technology, analytics
3 min read26 Dec 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared