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No need for fresh capital for five years: Shriram Finance CEO Parag SharmaParag Sharma expects the company, India's second-biggest non-bank lender by market value, to sustain 18-20% credit growth annually and main...- Per Annum records over 400% growth in AUM; eyes next phase with 5X workforce expansionCurrently, the firm's P2P lending and fractional real estate sectors are managing more than Rs 1,400 crore. Looking ahead, Per Annum is set...
- AI writes 86% of Paisabazaar’s new code, but CTO says engineers aren’t going anywhereCTO Mukesh Sharma says AI has helped Paisabazaar increase production releases while allowing the company to tackle a bigger backlog of prod...
- India Inc clocks strongest revenue growth in 9 quarters; margins squeezed by rising costsIn the June quarter, Indian companies celebrated remarkable revenue growth, reaching a nine-quarter high. Despite this, profits grew by onl...
- JMJ Fintech Q1 net profit rises 72.48% to ₹1.97 crore; AUM surges 82%JMJ Fintech reported a 72.48% year-on-year net profit increase to ₹1.97 crore. Assets under management rose 82.11% compared to the previous...
- Muthoot Fincorp appoints four lead managers for IPOIn a significant move, Muthoot Fincorp has engaged lead managers to facilitate its upcoming ₹3,000-crore initial public offering. The draft...
- Muthoot Fincorp files draft papers for Rs 3,000 cr IPO to boost capital baseMuthoot Fincorp filed draft papers with Sebi for a Rs 3,000 crore IPO. The company aims to strengthen its capital base and fund business gr...
- New Development Bank plans $7.5 billion funding to deepen rupee lendingThe New Development Bank is set to invest $7.5 billion in India, focusing on local currency financing aimed at strengthening emerging econo...
- Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending marketBank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in In...
- Jio Financial shares jump 3% as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 croreJio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint ...
- Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio CreditBank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of t...
- Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore dealJio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% i...
- AI in this decade is what digitsation was in the last: RBI governorBanks must understand artificial intelligence deployment for future success. AI can enhance financial inclusion and improve existing public...
- Bank of America to deploy $250 billion for US digital, infrastructure projectsBank of America plans to invest $250 billion in American infrastructure projects. This initiative will support digital and energy infrastru...
- AvenuesAI Q1 PAT rises 45 percent; Company positions Rediff, US Payments and AI as next growth enginesAvenuesAI's consolidated revenue from operations more than doubling 109% year-on-year to Rs 2,680.4 crore and profit after tax rising 45% t...
- RBI Governor Malhotra outlines which Indian banks will win the AI eraRBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain cl...
- Slice posts Q1 profit of Rs 51 crore as banking pivot gathers paceSlice’s Q1 results come as the company explores a $50-100 million fundraise at a valuation below $1 billion, ET reported in April. If compl...
- AI in banking must move beyond retail to farms, MSMEs: SBI Chairman SettyIn a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sect...
- Think Gen Z is financially careless? Their investing habits say otherwiseGeneration Z places a strong emphasis on balancing experiences and career adaptability while ensuring financial security. This generation i...
- Global Market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest ratesSingapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income cha...
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