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STUDENT LENDING NBFC
Rupee slide pushes overseas students back to lenders for top-up loansA significant rupee depreciation has forced Indian students studying abroad to seek top-up loans from lenders, as initial loan amounts fall...
Physicswallah shares rally 18%, snap 5-day losing streak. What's behind the surge?PhysicsWallah shares rose sharply on Thursday, adding nearly Rs 5,000 crore in market value after the company reversed its lending strategy...
PhysicsWallah revises lending strategy, to partner with NBFCs for student loansIn a filing on June 4, the company said it will now tie up with third-party non-banking financial companies (NBFCs) instead of lending thro...
PhysicsWallah to infuse Rs 120 crore in its fintech arm FinZ FinanceThe company will subscribe to 26.7 million fully paid-up equity shares with a face value of Rs 10 each and a premium of Rs 35 per share, Ph...
For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 28%There are two ways to deal with the kind of uncertainty the US-Iran war has brought to the stock market. First, you could just sit it out a...
InCred Holdings files updated draft IPO papers with Sebi; eyes Rs 1,250 cr via fresh issueRetail-focused NBFC InCred Holdings has filed updated draft papers with Sebi for its proposed IPO, aiming for a valuation of around Rs 15,0...
Education financing startup GyanDhan raises Rs 50 crore from edtech firm Classplus, VC fund Pravega VenturesThe funds will be used to scale operations, strengthen its consultant partnership network, expand the team, and invest in technology. New D...
Kuhoo Finance appoints Vineet Mahajan as Chief Financial OfficerKuhoo Finance, an RBI-licensed NBFC, has appointed Vineet Mahajan as its CFO to bolster its financial strategies. Mahajan, with 25 years of...
Securis Finance bags NBFC licence from RBISecuris Finance, a fully owned subsidiary of FirstPay Technologies, plans to disburse Rs 100 crore in education loans in its first year in ...
Student loan fintech startup Kuhoo Finance secures RBI approval for NBFC licenceNow, Kuhoo Finance can offer loans of up to Rs 2 crore for academic programmes, including management, engineering, medical, executive educa...
Byju's crisis plays up digital lenders’ asset quality problemA few months back the Reserve Bank of India had asked NBFCs about their exposure to the edtech sector, fearing that trouble may be brewing ...
Fintech startup Jodo raises $15 million in funding led by Tiger GlobalJodo provides lending products through non-banking financial company (NBFC) partners to help students and their parents finance education.
Capital India infuses Rs 187 cr in education fintech Credenc"With Credenc, CIFL intends to change the segment perception and reduce underwriting risk basis Credenc's future employability score, which...
MFIs stare at repayment crisis in rural AssamMired in debt Assam micro borrowers’ indebtedness is more than double the national average.
Stress in rural households and loan defaults create woes for microfinance sector in AssamVarious organisations in the upper part of the northeastern state have joined the chorus seeking an inquiry into the operation of microfina...
Auxilo Finserve, forays into Gujarat, earmarks Rs 100 crore for education financingIt offers loans that cover up to 100% financing on pre-admission, course tuition fees, pre-visa disbursal, air-travel fare and course-relat...
Bank vs NBFC: Keep these factors in mind while taking an education loanAccording to Crif High Mark, an RBI-approved credit bureau, 90 percent of education loans taken are from public-sector banks by value and v...
Startups in student-lending sector see dropouts, but some score tooWhile startups like KrazyBee and SlicePay raised capital recently, others like Quiklo and Finomena stopped lending to students this year.
Former Deutsche Bank co-chief Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in IndiaThe NBFC will lend to individuals, SMEs and entrepreneurs, and may be modelled on San Francisco-based fintech startup SoFi to which Jain is...