Banks are fast warming up to UPI credit line for small value loansAfter delays, UPI credit lines may gain traction as banks explore offering small loans to new customers via UPI apps. Banks like ICICI and ...
18 Aug, 2025, 06.00 AM IST
BharatPe turns profitable, reports adjusted profit before tax of Rs 6 croreET reported on August 1 that the company is expecting to report a profit before interest, taxes, depreciation and amortisation in its fisca...
07 Aug, 2025, 04.22 PM IST
BharatPe firmly on profitability track, eyes $100 million roundBharatPe, the fintech once mired in lawsuits and boardroom drama, is on the verge of a turnaround. Sources told us the company expects to p...
01 Aug, 2025, 08.15 AM IST
Ex-RBI deputy governor Kanungo may join IIFL boardFormer RBI Deputy Governor BP Kanungo is set to join IIFL Finance as an independent director, succeeding AK Purwar. This appointment follow...
16 Jun, 2025, 06.20 AM IST
P2P firms dial RBI for secondary market access, instant liquidity toolsThe peer-to-peer lending sector participants have written to the RBI’s Department of Regulation specifically for clarity, as secondary mark...
31 Jul, 2024, 07.38 AM IST
Premji Invest eyes Nainital Bank stake; Ranjan Pai may back RupeekHappy Friday! Azim Premji’s family office is eyeing a majority stake in Bank of Baroda-owned Nainital Bank. This and more in today’s packed...
03 May, 2024, 07.39 AM IST
Shock and awe: Founders decry RBI action against PaytmThe Reserve Bank of India's decision to prohibit Paytm's vertical Paytm Payments Bank from offering all forms of banking services within a ...
01 Feb, 2024, 01.24 PM IST
Banking, financial services are looking up as bad debt, Covid-related stress are things of the past: Jaspal Bindra, Centrum GroupThe new risk weightage norm is not a big challenge for Unity as we don’t have a big legacy book. But it will put a little deterrent to mark...
03 Dec, 2023, 08.06 PM IST
EV scooter sales hit a bump in April, Ola grows marginally; What's plaguing Nykaa?Electric two-wheeler sales took a beating in April, according to data from Vahan, a government database that tracks vehicle registrations, ...
02 May, 2023, 08.52 PM IST
BharatPe acquires 51% in NBFC Trillion Loans to bolster lending playBharatPe’s investment in an NBFC comes at a time when several fintechs are looking at bolstering their presence in the segment.
02 May, 2023, 04.38 PM IST
Rupeek lays off 200 employees amid slowdown in fundingIn a written communication to employees on Tuesday morning, Rupeek founder and chief executive Sumit Maniyar said the company had taken a “...
07 Jun, 2022, 08.50 PM IST
In last 3 months, we have more new customers; greater disbursals: George Alexander Muthoot“The highest disbursement was made in Q3 of last year when we disbursed about Rs 50,000 crore gold loan. On an average, we disbursed about ...
21 Mar, 2022, 01.08 PM IST
BharatPe enters gold loan segment; eyes disbursals of Rs 500 crore this yearFor launching gold loans, BharatPe has partnered with a few NBFCs, and will be offering loans of up to Rs 20 lakh against gold pledge.
14 Mar, 2022, 08.54 PM IST
Prosus to pay $4.7B for BillDeskProsus Ventures is set to buy BillDesk, one of India’s oldest digital payment firms, for a cool $4.7 billion in what will be one of the acq...
31 Aug, 2021, 08.44 PM IST
BharatPe raises Rs 200 crore in debt from IIFL Wealth, Northern ArcEarlier this year, BharatPe had raised over Rs 300 crore from venture debt funds (Alteria Capital, InnoVen Capital and Trifecta Capital), b...
19 Aug, 2021, 05.14 PM IST
Jhunjhunwala, top funds hold this stock. Yet, it goes abegging below book valueAt Rs 87 apiece on Tuesday, the stock traded at 1.08 times book value compared with 5.39 times for bigger peer Kotak Mahindra Bank, 4.08 ti...
29 Jun, 2021, 12.53 PM IST
ETtech Deals Digest: BharatPe’s ~$1 billion valuation, Nazara' pre-IPO funding, edtech gold rushBharatPe has raised $108 million at a valuation of $900 million. Rakesh Jhunjhunwala-backed Nazara Technologies raises Rs 100 crore ahead o...
13 Feb, 2021, 10.08 AM IST