Muthoot Finance plans to raise up to R2,000 crore through a public issue of non-convertible debentures (NCDs) to support lending activities.
YES Bank has come up with an initiative, Yes Aspire to Innovate, a scholarship programme which recognises and rewards 30 exceptional scholars for their entrepreneurial vision, leadership qualities and holistic academic performance. The Express Group is the media partner for the programme.
The programme offers a scholarship of Rs 2 lakh, a pre-placement interview opportunity and a year-long mentorship by the YES Bank senior leadership to each of the 30 scholars chosen from 15 select B-schools across the country.
The third edition of the programme, open to all first-year students, was launched in January and received an enthusiastic response. In all, 1,871 students applied from campuses including IIM-Ahmedabad, IIM-Bangalore, IIM-Calcutta, IIM-Indore, IRMA and XLRI.
After the students are shortlisted on the basis of their academic scores and other parameters, they are assessed for their core competencies. Students will be asked to share a video on goals and aspirations after which they will be interviewed by a YES Bank team.
The 30 winners will be felicitated at a ceremony on March 24. On the occasion, Ritesh Pai, senior president and country head, digital banking, YES Bank; and Sameer Nigam, founder & CEO, PhonePe, will engage in a conversation on ‘Entrepreneurship: Start-up vs corporate perspective’.