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MSME DATA STACK
PNB’s Q3 profit rises 13% to record Rs 5,100 crore; focus on RAM, loan recoveriesPunjab National Bank reported its highest-ever quarterly net profit of ₹5,100 crore for the December quarter, a 13% increase year-on-year. ...
Fintech platform Mannjal raises Rs 17.5 crore in a seed round led by Arali Ventures, B CapitalMannjal has raised Rs 17.5 crore in a seed round led by Arali Ventures and B Capital, with participation from Sparrow Capital and Gemba Cap...
Unlocking $1 trillion: The future of MSME lending in India with new strategiesTraditional wisdom needs to be challenged, to enable and fuel MSME lending for the coming decade, says Rahul Jain, Head of BCG India & Hard...
Shiprocket launches multimodal AI model Shunya.aiShiprocket introduces Shunya.ai for small businesses. This AI platform supports multiple Indian languages. It aims to improve cataloging, m...
Budget 2024: MSME data stack, alternative credit assessment models can bridge $530 bn credit gap, says industryIndustry experts highlight the pressing need to tackle the issue of cash flow problems for the MSME sector in the upcoming Budget on July 2...
How Jocata is helping financial services industry move from legacy systems to AI-powered solutionsJocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
Salesforce India business has grown in double digits: India CEO Arundhati BhattacharyaLaunching a local data centre has helped Salesforce enter the regulated sectors like banking and insurance in India, said Arundhati Bhattac...
We aim to serve every financing need of a MSME up to Rs 250 crore of turnover, says Amitabh Saraff of IndusInd Bank at ET MSME TalksAt ET MSME Awards 2022, Amitabh Saraff, Head - Financial Services, SME Business, and Supply Chain Finance, IndusInd Bank, highlights why le...
EasyPay joins hands with MyShubhLife to offer a line of credit to its customersThrough this collaboration, MyShubhLife will provide formal credit to this large MSME segment.
‘Digital wonder of the world’: How India Stack is rebuilding the ecosystem for millions of small businessesAfter helping the government ensure seamless direct benefits transfer, India Stack, holds promise to change the way SMBs do business.
IppoPay Technologies appoints Raghu Venkat as chief product officerIppoPay offers full-stack payments solutions to businesses operating in verticals with a large TAM (total addressable market) such as MSME,...
actyv.ai partners with Axis Bank to offer Supply Chain Finance solutions for MSMEs
Vyapar partners with FinBox to offer credit to 900,000 MSMEsVyapar is now looking to offer credit to its merchant ecosystem by embedding loan products in its app itself. This will allow MSMEs to appl...
Decoding SME lending in the 21st centuryWith the pandemic providing renewed impetus to MSMEs to digitalize and formalize, proprietors are becoming increasingly comfortable with ha...
MSME credit growth remains robust but CIBIL warns of possible NPA stack up: ReportThe report said the mid and large corporate segment held the biggest share of the overall credit at about 43%, with an exposure of Rs 47.5 ...
Digital lending in India set to grow to $100 billion by 2023: Report by Omidyar Network and BCGThe study says, India, with a largely level playing field, no dominant incumbents, and a range of entrants and business models can be succe...
Digital lending to MSMEs poised for major growth in India: Omidyar-BCG reportThe report highlights that digital lending to MSMEs is projected to increase between 10 and 15 times by 2023, scaling up to Rs 6-7 lakh cro...