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Leader in Leasing & Fleet Management.
Brainstorm Automotive Core Services 1. Lease Management 2. Business Transportation 3. Pre-Owned Cars 4. Self Drive Cars 5. Mobility Solutions 6. Fleet Management India’s pre-owned car market is growing and maturing in tandem, and Brainstorm True Value is at the forefront of it. Our sole and overriding objective is to empower both the pre-owned car buyers and sellers, through a methodical integration of technology and industry experience. SUPPORT SERVICE 1. Insurance 2. Fleet management 3.Maintenace 4.Mobility Solutions 5.Door-To-Door 6.Relife Car Contact : Corporate Office : Door No.43, Old No.22, “REAL ENCLAVE” 4th Floor, (Office No.401) Josier Street, Nungambakkam, Chennai - 600 034. Registered Office : Plot No.64, Meenakshi Amman Nagar, Iirungattukottai, Near Hyundai Motors India Pvt Ltd National Highway 4 (NH48) Sriperumbatur - 602105 Mobile : +91 96770 76888 / +91 78717 03575 Email : brainstormautomotive@gmail.com / brainstormautomotives@gmail.com
Mr Rajnish Kumar, Chairman, SBI, said, “The companies which are making losses are valued at US$10–20 billion, YONO which is such a versatile platform has been making good amount of profits, using that benchmark YONO should be valued at $40 billion, but we haven’t commissioned any independent agency to value the platform.”
“Hiving YONO off as a subsidiary is a very good possibility but a couple of things have to be done, we should have APIs that could be given to other banks but first looking at the opportunities with our customer base we want to perfect that and then look outside,” said Mr Kumar.
Mr Siddharth Purohit, analyst, SMC Institutional Equities, said, “No doubt SBIs YONO platform is quite world class but it will not be value accretive as long as it is under the SBI roof, look at SBI cards it is one of the best valued NBFCs today. So, if tomorrow SBI decides to hive YONO off as a subsidiary the market will determine its value basis that.”
“The platform created by any bank such as SBI is very different from a pure play payment venture or an insurance aggregator, cause for a Bank this is just an enabler to a larger business,” said Ashvin Parekh, founder, Mr Ashvin Parekh Advisory Services. “
While addressing the conference, the governor added that RBI had reduced its repo rate by 115 basis points to 4% since March 2020, wherein the high liquidity and low interest rate ensured low borrowing costs for the government. As the reduction in policy repo rates have eased operations and markets are bouncing back, he asked businesses to capitalise on the new opportunities created by COVID-19 worldwide.
"INR3.2 trillion (US$0.04 trillion) of bond issuance in corporate bond market has happened till 28 August," he added.
"There are five key areas that I propose to focus on that I think will determine stability and step up India's growth in the medium term. First is human capital with specific emphasis on education and health; second is productivity; exports which is leading to India's role in the global value chain; fourth tourism; food processing associated productivity areas," said Das.