Pune Sees Rs 42 Billion Stamp Duty from 11,930 Property Deals
Pune recorded 11,930 property registrations in May 2025, generating Rs 42.1 billion in stamp duty revenue, according to Knight Frank India. While this reflected a 2.9 per cent year-on-year drop in registrations and a 4.2 per cent dip in collections, year-to-date figures remain robust.From January to May 2025, Pune registered over 99,300 properties, the highest in four years, marking a 16 per cent increase from the same period last year. Stamp duty collections during this period rose 20 per cent to Rs 368.7 billion.Premium Segment Grows, but Mass Market DominatesHomes priced above Rs 10 million..
Bandhan Bank Inaugurates 18 New Branches in Four States
Private lender Bandhan Bank announced that it had opened 18 new branches across four states in the country. Of these, seven branches were set up in Jharkhand, five in Andhra Pradesh, and three each in Bihar and Odisha.The bank stated that all the new branches would cater to semi-urban and rural areas in these states. With this expansion, the total number of Bandhan Bank’s banking outlets across the country has increased to 6,300.The bank’s management indicated that it remained committed to delivering exceptional customer service by tailoring its products and services to meet evolving custo..
Progcap Targets Rs 30 Bn AUM, Rs 52 Bn Loans by Fiscal End
MSME-focused fintech Progcap is aiming to surpass assets under management (AUM) of Rs 30 billion by the end of the current financial year, supported by strong demand for formal credit from the Micro, Small and Medium Enterprises sector. The company, which secured its NBFC licence in 2022, has been recording significant growth and is targeting a 40–50 per cent increase in business this year.Progcap had closed with an AUM of Rs 20 billion at the end of March 2025 and expects this to rise by about 50 per cent to around Rs 30 billion by March 2026. The total loans sanctioned are anticipated to g..
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