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A chit fund is a type of rotating savings and credit association system practiced in Pakistan, India, Bangladesh, Sri Lanka and other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours.
Initially, there were ten promoter banks viz. State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC. In 2016, the shareholding was diluted to include 13 additional public sector banks, 15 additional private sector banks, 1 additional foreign bank, 10 ...
Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India.It was founded in 1997 by Vikram Akula, who served as its executive chair until November 2011.
Lucio Chua Tan Sr. (simplified Chinese: 陈 永 栽; traditional Chinese: 陳 永 栽; pinyin: Chén Yǒngzāi; Pe̍h-ōe-jī: Tân Éng-chai; born July 17, 1934) is a Filipino billionaire businessman and educator with interests in banking, airline, liquor, tobacco, real estate industries, beverages, and education.