Topic: IIFL

Mukesh Ambani, the Hinduja brothers and Shiv Nadar topped the IIFL Wealth Hurun India Rich List 2020, which ranks individuals with a net worth of Rs 1,000 crore or more as on 31 August.

India’s financial services industry is grappling with a 17-month credit crisis, in what has come to be dubbed as India’s 'mini-Lehman moment'.

Falling cost of borrowing and a revival in animal spirits will boost industry spending cycle first and consumption will revive later, IIFL says.

The shortage of funds is expected to cause more defaults in the realty sector, which raises the risk of a repeat of last year’s funding freeze for shadow banks.

HDFC Bank, the most preferred wealth manager in India among high net worth clients surveyed by Euromoney, plans to add as many as 150 relationship managers by the end of 2020 to the current 250.

The Mumbai banker’s $20 billion private-wealth-management unit has become India’s biggest by assets. Nirmal Jain has hit the jackpot serving the new rich in the...

N.R. Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C. Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi Thakran, IIFL founders Nirmal Jain, R. Venkataraman, Karan Bhagat and Yatin Shah are eminent investors in the venture.