Author: editor
EasyRewardz will use the proceeds to expand its operations and develop new products.
We hope that the upcoming guidelines will be a mirror to the thoughts of the government to make sure that the sector is getting the necessary boost while maintaining high standards of responsibility and transparency, said Souparno Bagchi, COO, True Balance.
Generali completes the transaction to become the majority shareholder in General insurance biz in India
The non-bank gold lender launched the service of gold loans at home in 2020 during the pandemic with average ticket size at Rs 6.5 lakh and currently above 60-65 percent of these loans are being availed by self-employed people to finance their business.
Union Bank of India has become the first public sector bank to go live on the Account Aggregator ecosystem for participating in Govt. of India’s Digital Initiatives.
The JV would lead to Open getting a recurring annual SAAS fees per customer by offering its technology services to the JV. Further they would be able to leverage the lending book of IIFL Finance to offer innovative solutions to its merchant base.
“India’s retail credit market is undergoing rapid evolution supported by the speed and scale of digital transformation. This transformation coupled with India’s demographic dividend has triggered unprecedented opportunities for driving growth and financial inclusion in the market,” said Rajesh Kumar, MD & CEO of TransUnion CIBIL.
In order to effectively examine the effects of climate change at the counter-party and exposure level, banks will need to gather much more granular data than they currently have to over climate change effects.
Poonawalla Fincorp Limited has entered digital consumption loans space through partnering with KrazyBee. Under the tie-up, Poonawalla Fincorp will offer small ticket personal loans to individuals.
Today’s empowered customers prefer a digital approach to obtain round the clock assistance, easy accessibility, data security, and personalization in their service.