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Friday
October 2021
6:55 AM IST
News Headlines
Actress Shruti Haasan launches parcos.com        Scotland bundle out Oman for 122        Arrest warrants against 12 war criminals in Bangladesh        Cabinet hikes DA for central govt employees        CGH Earth plans 10 caravan parks across Kerala        Milma launches ‘Deepavali Gift Box’        Presidents of Maldives, Malawi, Israeli PM, US Secretary of State congratulate India on reaching vaccination milestone        Australia recover to post 152/5 as Kohli emerges as sixth bowling option        No application for virtual internship to be entertained: Sebi        IMF Chief Economist Gita Gopinath to leave job and return to Harvard University        Nepalese national raped in Delhi's Amar Colony area        Kerala rains: 39 dead, 3851 families in rehabilitation camps, says CM Pinarayi        Samajwadi Party has deviated from 'samajwad' to 'pariwarwad': PM        Orthopaedic problems in growing children        Delhi CM meets ace chess player Tania Sachdev, asks Sisodia to felicitate her        Adani group companies to invest over $50-70 billion in renewable energy value chain        Sirajuddin Haqqani meets families of slain suicide bombers, calls them 'heroes of Islam, country'        Modi government failed to control violence in J&K: Rahul        Air Customs officials seize gold worth around Rs 1.42 crores at Kannur Intl Airport        29 killed in Nainital, Almora in Uttarakhand rains        
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Business News
Federal Bank ties up with CredAvenue
 
Kochi, Federal Bank has tied up with CredAvenue for Portfolio management of their Securitization Book and implemented CredPool - an institutional debt platform of CredAvenue.
This arrangement will help Federal Bank to digitally monitor their ABS and MBS pool assets more efficiently through their technology platform, a release said here on Tuesday.
The partnership entails CredAvenue providing post-transaction fulfilment services and portfolio management for their Direct Assignment portfolio.
CredAvenue’s pooled transaction fulfilment platform has been supporting a host of leading Banks, Federal Bank being the latest addition.
The platform is helping Banks and NBFC’s meet the prevailing and new regulatory guidelines pertaining to securitization and direct assignment.
“The Bank, in partnership with CredAvenue, has effectively automated the end-to-end processes for Direct Assignments of Retail portfolio. This automation has enhanced the controls over the portfolio while giving us the ability to further scale up our plans for in-organic selective portfolio acquisitions.
In CredAvenue, we have found a strong partner and look forward to expanding our relationship with them over the coming years” said Shalini Warrier, ED and Head Retail Business, Federal Bank.
“We provide a comprehensive debt ecosystem for originators (NBFC’s) and provide a complete fulfilment solution for all the lenders that are associated with us.
Our technology has the capability to provide customized solutions based on each bank/lender’s requirements for their portfolio management. Our team ensures a quick and seamless integration with an easy-to-use interface for our partners,” said Gaurav Kumar, CEO, CredAvenue.


Milma launches ‘Deepavali Gift Box’
No application for virtual internship to be entertained: Sebi
Adani group companies to invest over $50-70 billion in renewable energy value chain
Kristal crosses 500 million dollars AUM landmark
RIL group firm to buy 40 per cent stake in designer Manish Malhotra's eponymous brand
Infosys COO Pravin Rao to retire, new structure in coming weeks
Zee-Invesco boardroom fight turns murkier, Zee claims Invesco offered dubious deal that could have caused shareholders Rs 10k crore loss
FM Sitharaman begins packed US visit, meeting with top investors planned
Fuel prices hiked again, diesel crosses Rs 100 mark in Mumbai
Federal Bank gets authorisation to collect Direct and Indirect Taxes
Tanishq launches two large-format stores in Hyderabad
SurveySparrow opens new office in Chennai
ESAF Bank launches 'Supreme' current account product for NRIs
add add BSE ready with technology for launching electronic gold receipts
Indian economy's fundamentals strong; private investment picking up: Panagariya
Maruti Suzuki sales down to 86,830 units in Sept 2021
Flipkart and Myntra CEOs promise to explore growth prospects in Andhra Pradesh
42Gears Announces Zero-Day Support for Windows 11
Muthoot Finance launches AI Virtual Assistant ‘Mattu’
LIC inks historic agreement ‘print to post’ with department of post
KERALA NEWS
CGH Earth plans 10 caravan parks across Kerala
 Thiruvananthapuram, Giving a big push to Kerala’s stakeholder-friendly “Keravan Kerala” initiative,  
Kerala rains: 39 dead, 3851 families in rehabilitation camps, says CM Pinarayi
Air Customs officials seize gold worth around Rs 1.42 crores at Kannur Intl Airport
Expert committee to decide on opening of dams in Kerala: CM
INTERNATIONAL NEWS
Arrest warrants against 12 war criminals in Bangladesh
 Dhaka, The International Crimes Tribunal (ICT) of Bangladesh on Thursday issued arrest warrants agai
IMF Chief Economist Gita Gopinath to leave job and return to Harvard University
Sirajuddin Haqqani meets families of slain suicide bombers, calls them 'heroes of Islam, country'
Dhaka University students, teachers protest against attacks on Hindus
NATIONAL NEWS
Cabinet hikes DA for central govt employees
 New Delhi, Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved a 3% hike in
Nepalese national raped in Delhi's Amar Colony area
Modi government failed to control violence in J&K: Rahul
Home Minister reviews security in a meeting with top police officials
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