The News Scroll 20 July 2018  Last Updated at 8:19 pm | Source: PTI

LenDenClub gets RBI nod to establish as 'NBFC-P2P'

LenDenClub gets RBI nod to establish as 'NBFC-P2P'

Mumbai, July 20 (PTI) LenDenClub, online peer-to-peer lending marketplace for salaried borrowers, today said it has received RBI clearance to establish itself as an NBFC-P2P.

RBI today gave Certificate of Registration (CoR) to LenDenClub as an NBFC-P2P making it the one of the first 3 players to start operations in India, said in a release here.

"Registration as NBFC-P2P was one of the most important stepping stone for us. This is the altogether different era for us compared to the time when we started with the hope to be regulated one day. This will help us establishing LenDenClub brand more strongly as this will boost lenders' confidence," LenDenClub CEO Bhavin Patel. **************

Havells India Q1 net at Rs 210.40

*Electrical goods maker Havells India today reported a standalone net profit of Rs 210.40 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 121.38 crore during the corresponding quarter of the previous fiscal, Havells India said in a statement.

The company said results of the quarter is not comparable as it includes the consumer durable business of Lloyd Electric and Engineering, which it had acquired in May 2017.

Income from operations during the quarter under review stood at Rs 2,596.34 crore. It was Rs 1,982.24 crore in the year ago period.


Adecco Grp names Marco Valsecchi as India country manager, MD *Switzerland-based global HR solutions provider Adecco Group today announced the appointment of Marco Valsecchi as India's Country Manager and managing director.

Valsecchi, who was the chief financial officer of the company in India since 2017, takes over from Priyanshu Singh, a release issued here said.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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