Mumbai, March 17 Svasti Microfinance announced on Tuesday a fundraising of ₹47.5 crore, including equity and subordinated debt, from Adar Poonawalla, Abler Nordic, and the Rajiv Dadlani group.
The company aims to expand its assets under management to ₹1,400 crore by March 2027, according to an official statement.
Axis Finance implements AI-led quality monitoring framework
Axis Finance announced on Tuesday that it has implemented an artificial intelligence-led quality monitoring framework for its collection calls.
The initiative aims to improve customer protection, strengthen compliance, and reinforce fair, transparent, and responsible communication during repayment interactions, according to an official statement.
Jio Payments Bank introduced UPI-based cash withdrawal through its Business Correspondent (BC) touchpoints on Tuesday.
Customers can withdraw cash by simply scanning a UPI QR code and authorizing the transaction through their UPI application, eliminating the need for debit cards or access to traditional ATM infrastructure, according to an official statement.
Finnish smart ring maker Oura announced its entry into the Indian market on Tuesday.
The rings, which will compete with players like the homegrown Ultrahuman, will be initially available at Croma and Amazon, according to an official statement.