Financial services player JM Financial has got the regulatory approval to launch a housing finance subsidiary.
"JM Financial Home Loans, a step-down subsidiary of JM Financial, has received certificate of registration from the National Housing Bank for carrying out housing finance activities," the company said in an exchange filing today.
Announcing the annual earnings for fiscal 2017, the company had said it would enter the affordable mortgage segment along with a property brokerage, to leverage on its existing real estate lending business.
Mumbai-based JM Financial is into investment banking, institutional equity sales, trading, broking, wealth management, private equity, and asset reconstruction among others.
JM Financial already has two non-banking arms--JM Financial Credit Solutions focused on real estate lending and the other is into regular credit business which together has an asset of around Rs 12,000 crore.
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Axis launches blockchain-based int'l payment service
Private sector lender Axis Bank has launched an instant international payment services using Ripple's enterprise blockchain technology solution for retail and corporate customers.
Though an international offer, the bank is offering the facility only to its retail customers in the country to receive payments from the UAE-based Rak Bank and for its corporate customers to receive payments from Standard Chartered, Singapore, the bank said in a statement today.
************** APM Terminals open ICD in Pune
APM Terminals Inland Services HAS opened an inland container depot for the Pune district which can handle 60,000 containers annually.
The facility, spread over 12 acres, will be offering services including customs clearance, bonded and non-bonded warehousing, empty container acceptance, transportation solutions and container repairs, a company statement said.
It can be noted that the largest container port JNPT is also working on plans to have dry ports in two pockets of Maharashtra at an investment of Rs 800 crore.
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Vertoz Advertising lists on NSE Emerge
Vertoz Advertising has got listed the NSE Emerge platform at a premium at Rs 120 and closed at Rs 129.60 as against issue price of Rs 108.
Vertoz will utilise the funds for acquisitions, working capital and for general corporate purposes.
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