lending

Mumbai, March 31 Lenders will need to provide support to both retail and small businesses during the ongoing West Asia crisis, in the same way they did during the Covid pandemic, said credit information company Transunion Cibil.It also stated that the overall quality of the retail outstanding...

Mumbai, March 30 The Reserve Bank of India on Monday deferred the implementation of acquisition finance guidelines by another three months to July 1 this year, following feedback from stakeholders.The central bank stated that it has also revised the "Amendment Directions on Capital Market...

Mumbai, March 29 Jio Financial Services (JFS) is aiming to launch general and life insurance businesses this year, a top company official has said.The financial services company does not have any immediate plans to enter the unsecured and consumer durable lending businesses."We hope to start...

New Delhi, March 11 Mufin Green Finance has raised approximately ₹324 crore through the issuance of equity shares and warrants on a preferential basis for cash consideration.In a release, the company said that it allotted 2,49,30,765 fully paid-up equity shares of face value ₹1 each at an...

New Delhi, March 5 Noida-based payments major Paytm has gained a significant advantage in its monetization journey compared to its peers, driven by a more diversified mix across high-monetization categories such as merchant lending and financial services, which has helped it improve...

Mumbai, February 24 Vivriti Group launched Vivriti Next as its new operating and holding company on Tuesday, with founder and managing director Vineet Sukumar committing ₹200 crore to the entity.Vivriti Next will house the lending arm, Vivriti Capital, and the private credit business, Vivriti...

New Delhi, February 24 Financial disclosures filed by PhonePe indicate a significant improvement in revenue scale, profitability metrics, and cash generation over the last three fiscal years, signaling a shift in the company's financial trajectory amid India's evolving fintech landscape...

Mumbai, February 22 UGRO Capital, a non-bank lender, has borrowing costs that are 1.25 per cent higher than its peers, and the company will focus on reducing these costs in FY27, a top official has said."Our focus is now on reducing our borrowing costs. Our borrowing costs are at least 1.25...

New Delhi, February 17 Uptiq, an AI platform for financial services, announced on Tuesday that it has raised USD 25 million in a funding round led by Curql.The funds raised in the Series B round will be used to enhance Uptiq's global AI capabilities and strengthen India as its primary hub for...

New Delhi, February 14 Caspian Debt has been rebranded as Udhyam Debt under the BlackSoil Capital banner, marking a new phase for the platform as it deepens its focus on financing India's micro, small and medium enterprises (MSMEs).Building on Caspian's strong underwriting legacy in the MSME...