Business briefs

AU Small Finance Bank launches business cashback RuPay credit card * AU Small Finance Bank has partnered with RuPay to introduce the business cashback RuPay credit card to meet the financial requirements of self-employed customers. This latest offering is aimed at providing a diverse range of benefits to small businesses, AU Small Finance Bank said in a statement on Monday. AU Small Finance Bank's business cashback RuPay credit card simplifies financial operations for businesses with benefits like up to 2 per cent cashback, 48 days interest-free credit, and instant loans. The credit card, launched in the presence of National Payments Corporation of India CEO Dilip Asbe and AU Small Finance Bank CEO Sanjay Agarwal, also offers fire insurance, burglary, and housebreaking coverage, making it a one-stop solution for businesses.

*** InCred Capital strengthens its investment banking leadership team * InCred Capital, a financial services firm, has announced the appointment of three senior executives to its leadership team in investment banking. The firm has hired Akbar Khan as Chairman, Advisory, Anjani Kumar as Chairman, Client Coverage and Mahesh Prasad as Managing Director, InCred Capital said in a statement on Monday. With the addition of these senior executives, InCred Capital aims to bolster its investment banking team further, ramp up deal origination and expand its presence across more sectors, it said.

*** Yes Bank launches Yes Kiran solar financing * Yes Bank on Monday announced the launch of Yes Kiran, a lending proposition aimed at offering financial assistance to Micro, Small and Medium Enterprises (MSME) manufacturers who wish to install solar panels at their premises.

Through this programme, the bank aims to support the adoption of sustainable energy practices by MSMEs while also bringing in cost efficiency by helping them curtail their expenses towards power and fuel, the bank said in a statement.

*** Bajaj Allianz launches insurance plan for India Post Payments Bank customers * Bajaj Allianz Life Insurance has introduced a non-linked non-participating group term insurance plan, an affordable protection plan exclusively for the customers of India Post Payments Bank. Bajaj Allianz Life Group Term Life allows customers to start their insurance protection by paying small amounts for an adequate life cover, thereby providing for long term financial security of their loved ones, the insurer said in a statement.

Furthermore, on the death of the life assured, who typically is the breadwinner of the family, Bajaj Allianz Life Group Term Life offers the nominee to receive a lump-sum to cover any immediate expenses and also regular monthly income payout to the family over a period of 5, 7 or 10 years.