Goldman Sachs appoints Chandresh Chheda as India investment banking co-head

Mumbai, Aug 11 (PTI) Goldman Sachs on Tuesday announced the appointment of Chandresh Chheda as managing director and co-head of investment banking in India, alongside Dev Nambakam.

Chheda, who joins from rival J P Morgan, where he worked as managing director responsible for the new-age technology sector, will be based in Mumbai, as per an internal memo reviewed by PTI.

************** *Muthoot Finance announces Rs 25 lakh assistance for flood-affected families in Kerala Non-bank lender Muthoot Finance on Tuesday announced an assistance of Rs 25 lakh to support around 5,000 families affected by heavy rains and flooding in Kottayam and Pathanamthitta districts of Kerala.

As part of the corporate social responsibility initiative, the lender will provide

essential groceries and hygiene supplies to families facing distress, as per an official statement.

************** *Flexiloans AUM surpasses Rs 3,000 cr Non-bank lender Flexiloans.com, which focuses on small businesses, on Tuesday announced that its overall assets under management have crossed the Rs 3,000 crore mark.

Nearly two-third borrowers are from the tier 2 and tier 4 markets and 11 per cent of them are women entrepreneurs, as per an official statement.

************** *Mirae Asset launches loan against shares Mirae Asset Financial Services on Tuesday launched a digital loan against shares facility.

The service is available only for the 18.5 crore people having their demat accounts with CDSL, as per an official statement. PTI AA SHM