Indian Bank is a state-owned banking institution headquartered in Chennai, India, and has been under government ownership since 1969. Established in 1907, it operates over two thousand branches across the country, offering a variety of financial services. These include agricultural loans, personal home loans, vehicle loans, plot loans, pension loans, and educational loans. The bank also provides modern banking facilities such as internet banking, mobile banking, and ATM services, along with credit, debit, and prepaid cards. In addition to traditional banking services, Indian Bank offers wealth management solutions and has expanded its operations internationally, with a presence in Singapore and Sri Lanka. The governance of the bank is overseen by a board of directors.
Africa Finance Corporation, established in 2007 and headquartered in Nigeria, is a multilateral development financial institution focused on addressing infrastructure financing needs across Africa. The organization provides a range of services, including debt, equity, project development, financial advisory, and treasury management, aimed at fostering sustainable economic growth. Africa Finance Corporation invests in high-quality infrastructure assets within key sectors such as power, natural resources, heavy industry, transport, and telecommunications. By targeting essential services in these core areas, the institution plays a critical role in promoting infrastructure development across the continent.
National Asset Reconstruction Company
Corporate Round in 2022
NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL. NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹ 2 lakh crore. In phase I, fully provisioned assets of about Rs. 90,000 crores are expected to be transferred to NARCL, while the remaining assets with lower provisionswould be transferred in phase II
Allahabad Bank
Acquisition in 2021
Allahabad Bank, established on April 24, 1865, is a nationalized commercial bank headquartered in Kolkata, India. It was the oldest joint stock bank in the country, providing a wide range of banking products and services both domestically and internationally. The bank operated through four main segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. It offered various deposit products, including savings and current accounts, term deposits, and recurring deposits. Additionally, Allahabad Bank provided diverse loan options such as housing loans, vehicle loans, education loans, and commercial financing, alongside agriculture and small business loans. The bank also facilitated international banking services, cash management, and insurance products. With approximately 3,229 branches in India and one branch in Hong Kong, along with 836 ATMs, Allahabad Bank played a significant role in the Indian banking sector until its acquisition by Indian Bank in March 2020.
Truhome Finance
Debt Financing in 2019
Truhome Finance provides home finance for the acquisition or building of residential property. The firm provides house loans, residential plots, affordable housing, loans against property, construction financing, and other types of financial assistance to meet the credit needs of all borrower groups. The company was formerly known as Shriram Housing Finance Limited and was rebranded to Truhome Finance after being acquired by Warburg Pincus.
Financial Information Network & Operations Pvt
Venture Round in 2007
Financial Information Network & Operations Pvt. Ltd. provides technology and operational solutions to financial institutions. It designs and implements technology solutions, such as systems, services, and networks. The company offers Tijori, a biometric smart card based no frills saving account product designed for the banks/ micro finance institutions (MFIs) in the microfinance space; Saral, a loan management system; Parichay, which provides a foolproof and an easy-to-use means to establish an individual's identity; Sayana-Ravi, a credit scoring solution for banks and MFIs; Plus, an deposit management solution, which combines reach, services, delivery channel, and processing platform; and MITRA that covers operational tasks and mobile commerce transactions. It also provides business correspondent and banking ASP services. The company serves banking, micro finance, insurance, and government enterprises, as well as consultants. Financial Information Network & Operations Pvt., Ltd. was founded in 2006 and is based in Mumbai, India.
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