The Mumbai-based platform hopes to double its loan book to INR 1,300 crore by March 2025 with the help of its present fundraising efforts and business momentum.
People who do have a bank account but regularly use other non-bank financial services, such as check-cashing and payday loans, are referred to as "underbanked" by the FDIC. In 2023, 14.2% of U.S ...
Jaipur-based Non-Banking Financial Company (NBFC), Namdev Finvest Private Limited, has announced the raising of USD 38 million in debt funding from renowned Development Finance Institutions (DFIs ...
RBI stated that these penalties were imposed due to deficiencies in adherence to the ‘Non-Banking Financial Company – Peer-to-Peer Lending Platform (Reserve Bank) Directions, 2017.’ ...
Indian non-banking financial companies (NBFCs) are likely to tweak their funding pattern in the upcoming financial year, as the Reserve Bank of India's relaxation of some lending norms could nudge ...
Asian News International on MSN7d
Piramal Finance Partners with Punjab & Sind Bank to Boost Lending in Semi-Urban & Rural AreasPiramal Capital & Housing Finance Limited (Piramal Finance), a leading Non-Banking Financial Company (NBFC), and Punjab & ...
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