The DBS venture has been under financial stress of late.
Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business, nearly half of which is a sub-prime market.
Murugrappa Group on Tuesday said it has bought 37.48 per cent stake in Singapore based DBS Bank making it to hold controlling stake in their joint venture company Cholamandalam DBS Finance Ltd.
Cholamandalam DBS is looking for Management Trainees and Relationship Managers-Sales/ Credit/ Collections for its personal loans and home equity departments across major cities in India.
In front-running case, some fund houses have settled with Sebi and paid the amount lost to trustees.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
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