lending

Mumbai Reserve Bank on Monday said it has canceled the registration certificates of two NBFCs, Star Finserv India and Polytex India, due to irregular lending practices.Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures...

Mumbai (Maharashtra) [India], lender State Bank of India (SBI) has introduced a web-based digital business lending solution for MSME invoice financing, which aims to facilitate lending to MSMEs with a time quick response.The solution, named “MSME Sahaj – End-to-End Digital Invoice Financing”...

• BharatLoan's rapid growth is attributed to its 100% digital and paperless lending experience and use of advanced AI and machine learning technologies to deliver faster and more inclusive financial solutions.• Introduction of innovative products like Bharat Easy EMI and initiatives in...

Mumbai: Salesforce on Wednesday announced the launch of its public sector division in India to take advantage of the fast-growing market and unveiled its digital lending offering tailored to Indian needs, as the enterprise software giant sharpens its focus towards the market here. Underlined the...

India PR DistributionNew York [US]/ Bengaluru (Karnataka) [India], June 19: Synaptic AI Synaptic AI, the leading global AI-powered credit underwriting platform provider, today announced That Fi (Epiphy Technologies Pvt Ltd) has completed deployment and is live on its Credit Decisioning Engine...

VMPLNew Delhi [India], June 14: Since its invention, two-wheelers have attracted people of all ages. They are not just an asset; For many people, they represent affordable freedom – the freedom to travel anywhere, freedom from public transportation, and the joy of driving on empty roads. With...

Mumbai: Micro and small business lending company Earthan Finance on Monday announced raising Rs 50 crore from Incofin India Progress Fund and Michael & Susan Dell Foundation.The fresh funding from Incofin and Foundation, a returning investor, will fuel the company's expansion and technological...

KARACHI [Pakistan], Pakistan's budget for the year 2024-2025, which is likely to be presented this month, could create serious problems for the general public in Pakistan, an expert has warned.Amid rising inflation and debt, the Pakistani economy is still dependent on relief packages from...

New Delhi [India], The United Nations has issued a clarion call on rising levels of global public debt, warning of significant threats to global prosperity.The recent UN Trade and Development Report underlines the urgency of reforming international financial systems to secure the future of...

Mumbai: The Reserve Bank on Wednesday imposed business restrictions on the lending and asset reconstruction arms of Edelweiss Group due to concerns over Evergreen O loans.The central bank has asked ECL Finance Ltd (ECL) to stop carrying out any structured transactions in respect of its...

As part of the deal, Padam Kataria, co-founder and CEO of Zenifi, will join BharatX as business head. , He will work on building the healthcare lending vertical of BharatX.Mehul Jindal, CEO, co-founder of BharatX, said in a statement, “This acquisition will allow BharatX to go deeper into the...

VMP New Delhi [India], May 27: In its endeavor to disrupt the lending industry to ensure better financial inclusion, Bharat Loan, the leading full-service digital lender in India, has launched a revolutionary new EMI product supported by mass market, India EZ has been launched. Based on research...

New Delhi [India] Paytm, India's leading payments and financial services delivery company, is heartened by the report from research firm Macquarie, after Q4 FY24 results, Macquarie saw Paytm's loan disbursements falling to Rs 9 in April 2024 after falling to Rs 20. Has reached billion rupees...

CHENNAI: Private sector City Union Bank expects a significant rise in income from the insurance sector during the current financial year, an official has said.N Kamakody, chairman and managing director and CEO of the bank, said the Tamil Nadu-based bank is on track to reach pre-Covid levels in...

To accurately evaluate the creditworthiness of the borrower. This approach minimizes the risk of default and ensures prudent lending practices. The company's senior management, led by industry veteran Sachindra Nath, brings extensive expertise from the financial services sector, adding to its...

New Delhi [India], The Reserve Bank of India (RBI)'s proposal to set aside 5 per cent of loans for construction projects, much higher than the earlier 0.4%, has raised concerns among builders. However, the proposal also provides that it will be reduced to 2.5% once the project becomes...

In a stock exchange filing, Paytm said such reports are "incorrect".“Paytm acts as a distributor of loans, and does not provide First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners,” the fintech major said.“We continue to collaborate with multiple banks and NBFCs...

New Delhi [India], Paytm on Thursday termed as "factually incorrect" media reports that some lenders may have used Paytm's loan guarantee. "We respectfully request media outlets to refrain from misreporting and make necessary changes to their articles. Our clarifications and ensuring factual...

The company said that this funding will be used for further lending activities for MSMEs.Harshvardhan Lunia, Founder and CEO, Lendingkart Group, said in a statement, “We see this investment as a testament to our unwavering dedication to supporting Indian MSMEs. It furthers our efforts to...

New Delhi: PSU bank shares fell on Monday after the Reserve Bank proposed stricter rules for lending to projects under implementation.On BSE, Punjab National Bank (PNB) shares fell 6.41 per cent, Canara Bank shares fell 5.42 per cent, Bank of Baroda shares fell 3.71 per cent and Union Bank of...