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Edelweiss Capital renamed as Edelweiss Financial Services

Edelweiss provides financial services like housing finance, sponsor funding, corporate loans, IPO financing, infrastructure funding and brokerage services

Financial services provider Edelweiss Capital said it has been renamed Edelweiss Financial Services.

"Edelweiss Capital has now been renamed as Edelweiss Financial Services," the company said in a statement. "This follows all necessary approvals from regulators and the company's shareholders," it added.

Edelweiss provides financial services like housing finance, sponsor funding, corporate loans, IPO financing, infrastructure funding and brokerage services. It also operates Edelweiss Mutual Fund and an insurance firm with Japan's Tokio Marine Holdings--Edelweiss Tokio Life Insurance.

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Central Bank ties-up with Chola MS to sell insurance products

The general insurance products will be sold through Central Bank’s 3,728 branches across the country

Eyeing fee income, Central Bank of India has entered into agreement to sell non-life insurer Cholamandalam MS General Insurance's products through its branches.

The general insurance products will be sold through the bank's 3,728 branches across the country, a statement issued by the bank said.

The products across personal and commercial lines of business will be customised for Central Bank of India, to penetrate into 75% of the bank's customer base, it added.

It is common practise for banks to enter such tie-ups which helps it earn commissions that show up as non-interest or fee income on books.

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