Mumbai, SBI, the country's largest lender, on Monday launched end-to-end digital invoice financing for small businesses.
Dubbed 'MSME Sahaj', the product will have a delivery time of less than 15 minutes, according to a statement.
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Wify raises Rs 25 crore
* City-based startup Wify said on Monday it had raised Rs 25 crore in a funding round led by Mount Judi Ventures and Capria Ventures.
The company, which is in the home furnishings installations space, will use the newly injected funds to penetrate deeper into existing categories with more value-added services, expand into new categories and accelerate capability development, software and technological improvements, according to a statement. .
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Axis Bank partners with Piramal Finance to offer loans
* Axis Bank on Monday announced a co-lending partnership with Piramal Finance to offer loans to borrowers in the low and middle income segment with a focus on rural and semi-urban regions.
The partnership will leverage Axis Bank's financial expertise and Piramal Finance's loan processing technology to assess the credit profile of borrowers and provide them with loans at competitive interest rates, a statement said.
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Rushabh Gandhi takes changes as MD & CEO of Indiafirst Life Insurance
* Indiafirst Life Insurance said on Monday that Rushabh Gandhi has taken over as managing director and chief executive officer.
Previously, he served as deputy chief executive of the company, whose shareholders include state-owned lenders Bank of Baroda, Union Bank of India and Carmel Point Investments India, according to a statement.
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Natural Environment Solutions installs 5 MW capacity data center in Pune
* Natural Environment Solutions on Monday announced that it is setting up a 5 MW capacity data center in Pune's Hinjewadi.
The company aims to have a capacity of 100 MW across India in the next three years, taking advantage of growing digital infrastructure and regulatory support for such investments, according to a statement.
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Grihum Housing Finance partners with Central Bank of India to offer loans
* Grihum Housing Finance, formerly known as Poonawalla Housing Finance, on Monday announced a co-lending agreement with the Central Bank of India to offer affordable loans secured against properties (LAP) to micro, small and medium enterprise (MSME) customers. .
The collaboration aims to combine their respective strengths to boost the prospects of MSMEs, according to a statement.
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ICICI Lombard releases 'Elevate'
* General insurer ICICI Lombard on Monday launched a new product offering customized solutions including infinite sum insured to address limited coverage and sum insured concerns.
Dubbed 'Elevate', the new product is powered by artificial intelligence and other benefits include infinite claim amount and reset benefits, according to a statement.
Dubbed 'MSME Sahaj', the product will have a delivery time of less than 15 minutes, according to a statement.
***
Wify raises Rs 25 crore
* City-based startup Wify said on Monday it had raised Rs 25 crore in a funding round led by Mount Judi Ventures and Capria Ventures.
The company, which is in the home furnishings installations space, will use the newly injected funds to penetrate deeper into existing categories with more value-added services, expand into new categories and accelerate capability development, software and technological improvements, according to a statement. .
***
Axis Bank partners with Piramal Finance to offer loans
* Axis Bank on Monday announced a co-lending partnership with Piramal Finance to offer loans to borrowers in the low and middle income segment with a focus on rural and semi-urban regions.
The partnership will leverage Axis Bank's financial expertise and Piramal Finance's loan processing technology to assess the credit profile of borrowers and provide them with loans at competitive interest rates, a statement said.
***
Rushabh Gandhi takes changes as MD & CEO of Indiafirst Life Insurance
* Indiafirst Life Insurance said on Monday that Rushabh Gandhi has taken over as managing director and chief executive officer.
Previously, he served as deputy chief executive of the company, whose shareholders include state-owned lenders Bank of Baroda, Union Bank of India and Carmel Point Investments India, according to a statement.
***
Natural Environment Solutions installs 5 MW capacity data center in Pune
* Natural Environment Solutions on Monday announced that it is setting up a 5 MW capacity data center in Pune's Hinjewadi.
The company aims to have a capacity of 100 MW across India in the next three years, taking advantage of growing digital infrastructure and regulatory support for such investments, according to a statement.
***
Grihum Housing Finance partners with Central Bank of India to offer loans
* Grihum Housing Finance, formerly known as Poonawalla Housing Finance, on Monday announced a co-lending agreement with the Central Bank of India to offer affordable loans secured against properties (LAP) to micro, small and medium enterprise (MSME) customers. .
The collaboration aims to combine their respective strengths to boost the prospects of MSMEs, according to a statement.
***
ICICI Lombard releases 'Elevate'
* General insurer ICICI Lombard on Monday launched a new product offering customized solutions including infinite sum insured to address limited coverage and sum insured concerns.
Dubbed 'Elevate', the new product is powered by artificial intelligence and other benefits include infinite claim amount and reset benefits, according to a statement.
