ICICI Securities launch HNI segment, steps into portfolio management services

ICICI Bank group's brokerage arm, ICICI Securities, Wednesday said it has entered the portfolio management services business. The service has been launched for its ultra high networth individuals (HNIs) and the HNI segment, it said in an official statement.

Peninsula sells 400 units for Rs 100cr in 2nd phase of Pune project Realty player Peninsula Land, a part of the Ashok Piramal Group, Wednesday said it has sold nearly 400 apartments valued at around Rs 100 crore at its affordable luxury project 'addressOne' in Gahunje in Pune. The company launched 600 units in the second phase of the township project in February and managed to sell nearly 400 apartments and the value of the units sold is close to Rs 100 crore, the release said.

Spread across 50 acres, the project entails mixed use development and is likely to house around 6,000 apartments when completed in six years. ***************** MFIs experiences lower delinquencies Microlenders are experiencing lower delinquencies, and the ratio has improved to 2.9 percent at the end of December from 3 percent three months ago, a report said Wednesday.

The same ratio for loans over due for 180 days had stood at 15 percent as at the end of the March 2017 quarter, as the borrowers were coming out of the consequences of the demonetisation, the report by credit information company Equifax and Sidbi, said. From the under 30 days overdue perspective, the ratio has narrowed to 1.8 per cent for December 2018 from 11.7 per cent in December 2017, it said.

RBL Bank ties up with Government e-Marketplace Private sector lender RBL Bank has tied up with public procurement platform, Government e-Marketplace (GeM), for a multitude of services. It tie-up will enable transfer of funds through Government Pool Accounts, and also of Performance Bank Guarantees (eBG) and Earnest Money Deposit (EMD), an official statement said.

Creditaccess Grameen Q4 net up 6.4% Microlender Creditaccess Grameen Wednesday reported a 6.4 percent growth in March quarter net at Rs 76.31 crore. Its core net interest income grew 33 percent to Rs 202 crore, while the gross non performing assets ratio improved to 0.61 percent.

For the entire fiscal, it reported a 51 percent growth in PAT to Rs 321.76 crore.

Samco Securities invests Rs 20 cr to launch R&D centre Discount broking player Samco Securities Wednesday said it has invested Rs 20 crore to launch a research and development centre in Chennai.

The centre, which will also contribute on the analytics front, will create 200 jobs and has been spread across 10,000 sq ft space, an official statement said.

(With inputs from agencies.)