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MICROCREDIT FOR RETAILERS
Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...
These 8 private and public banking stocks have an upside of up to 35% in one year, according to analystsThere was a decline in banking stocks during Tuesday’s trading session. The drop came as a reaction to the RBI tightening its bad loan norm...
From swipe to strategy: Your credit card now decides what you buyConsumers now meticulously compare credit card offers before making purchases, turning transactions into value calculations. Credit cards a...
UPI cleanup drive: Govt asks banks, NPCI to curb failures, boost success ratesWith the digital payment landscape in India experiencing rapid growth, there is a growing call for banks to partner with the National Payme...
The HNI allure: Inside Kotak’s potential Rs 4,500-crore play for Deutsche Bank’s retail portfolioKotak Mahindra Bank is nearing a deal to buy Deutsche Bank's India retail operations. This acquisition, valued at approximately Rs 4,500 cr...
Svatantra Microfin completes amalgamation with Chaitanya India Fin CreditAnanya Birla's Svatantra Microfin has successfully merged with Chaitanya India Fin Credit, following its acquisition from Navi Group. This ...
Infinia Technologies, Satya Retail launch Smart AI Integrator for small convenience storesSatya Retail and Infinia Technologies have launched the Smart AI Integrator (SAII), a digital platform designed to empower 2-3 million smal...
Stress peaks in credit card portfolios as regulatory tightening hits unsecured lendingStress in credit card portfolios of banks is peaking due to regulatory tightening of unsecured credit, with delinquencies largely among low...
L&T Finance aims at 25% CAGR, retail lending in focusL&T Finance Ltd aims for a 25% compound annual growth rate (CAGR) in the coming years, focusing on strengthening its retail lending busines...
Why Chandra Shekhar Ghosh is not worried about shortfalls in Q1 and expects Bandhan Bank to improve from Q2In the case of NIMs, we have guided for 7% to 7.5% and we have retained 7.3% on this. 44% of the secured portfolio has come from within tha...
Investors have committed Rs 450 crore for second fund: Carpediem CapitalThe home-grown private equity player has invested in two companies — Fornax and Sindhuja Microcredit — from the second fund, while Rs 380 c...
Bandhan Bank to increase exposure to secured loans: MD & CEOBandhan Bank MD and CEO Chandra Shekhar Ghosh told PTI that "the lender will increase its exposure to secured loans and has set a target to...
Centrum Microcredit raises Rs 75 cr via bondsThe micro credit arm of Centrum Group said the funds were raised in two tranches of Rs 50 crore and Rs 25 crore by issuing non-convertible ...
Bandhan Bank prunes Covid-related risk projections with better repayment collectionThe bank said it has made additional Covid-related provision of Rs 2100 crore covering 2.8% of its portfolio, and it might not need to top ...
Paytm Postpaid aims to double postpaid service users to 1.5 crore by MarchThe financial technology firm said that it is now expanding its partnership with the developer's community in the company's new Android min...
IFC, IFC FIG to sell 1.2% through Bandhan Bank IPOThe bank would also offer fresh issue of 9.76 crore shares to the public.
Digital payment firms diversifying into wealth management, offering other financial servicesMost of the firms which lost out in the payment bank race believe that they can function almost like a payment bank through partnerships wi...
- Indian Bank to focus more on micro-lending, open 100 branches
Indian Bank today said it has identified Small and Medium Enterprises, retail and agriculture portfolios as key growth drivers for the year...
- Microcredit, Mohd Yunus get their due
It may take us half-a-century more to figure out who nominated Mohammed Yunus and his Grameen Bank for the Nobel Peace prize. But, for the ...
- Rural credit delivery must change: Jatiya
NEW DELHI: The government needs to draw up a fresh blueprint for the structural transformation of the rural credit delivery system in order...