Search For "credit"
US International DFC commits over USD 272 mn for India's growth
Updated : 1 year, 9 months ago IST
One of the major investments includes a USD 40 million loan to APAC Financial Services Pvt. Ltd., which will expand lending to low-income and new-to-credit microenterprises across India, providing long-term capital to some of the country's smallest businesses.
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CareEdge enters in Global Scale Ratings, launches Sovereign Ratings for 39
Updated : 1 year, 9 months ago IST
India's general government debt is expected to gradually decrease to 78 per cent of GDP by FY30 and further to 73.5 per cent by FY35, driven by healthy nominal GDP growth. However, CareEdge noted that India's elevated government debt levels and weak debt affordability remain key credit co
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Northern Arc Capital Reports Strong Q1FY25 Performance with 43 Percent Gro
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], October 3: Northern Arc Capital Limited, a diversified financial services platform, has successfully concluded its Initial Public Offering (IPO) with an overwhelming response. The IPO saw robust participation from institutional investors, HNIs, and retail invest
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121 Finance Acquires AcceptMyInvoice.com to Remove Friction in Trade Credi
Updated : 1 year, 9 months ago IST
New Delhi [India], October 3: 121 Finance Pvt. Ltd., India's largest independently owned NBFC-Factor, has announced a strategic acquisition of AcceptMyInvoice.com (AMI) for an undisclosed sum. This acquisition will strengthen 121 Finance's commitment to simplifying Trade Credit, while accel
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HDFC Life to Offer Credit Life Solutions to Customers of Sundaram Finance
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], September 30: HDFC Life, one of India's leading insurers, has expanded its partnership with Sundaram Finance. Through this collaboration, HDFC Life will offer HDFC Life Group Credit Protect Plus Insurance Plans to customers of Sundaram Finance, across loan segme
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BharatLoan Goes Live with Scienaptic Credit BRE Platform's Account Aggrega
Updated : 1 year, 9 months ago IST
Bangalore (Karnataka) [India]/ New York [US], September 30: Leading global AI-powered credit underwriting platform provider Scienaptic AI announced today that BharatLoan has completed implementation and is live on its credit BRE platform and Account Aggregator journey. This deployment is ena
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August credit card spending drops by 3.4 pc despite 0.9 pc growth of cards
Updated : 1 year, 9 months ago IST
This comes alongside a deceleration in the growth of receivables per card, which rose by only 0.2 per cent MoM. However, in August, the total number of cards-in-force (CIF) grew by 0.9 per cent MoM to 105.5 million, marking a yearly growth of 15.6 per cent.
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Indian banks expected to see improved loan-to-deposit ratios
Updated : 1 year, 9 months ago IST
Indian banks are expected to see improvements in their loan-to-deposit ratios after a large majority of them reported increases in the April-June quarter.
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Debt Consolidation with a Personal Loan: Is It a Good Idea?
Updated : 1 year, 9 months ago IST
New Delhi [India], September 28: Managing multiple debts can be a challenge and can even cause an overload on your overall financial situation. Therefore, it is important to devise strategies that can help you effectively handle the existing financial obligations and avoid the accumulation o
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The lesser-known benefits of IDFC FIRST Bank Salary Account
Updated : 1 year, 9 months ago IST
New Delhi [India], September 27: A salary account is a fundamental and essential financial tool for salaried professionals. Beyond the convenience of direct salary credits, a carefully chosen salary account can offer a range of benefits that enhance your financial health and lifestyle. One s
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IDFC FIRST Bank Unveils the Mayura Credit Card for the Discerning
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], September 27: IDFC FIRST Bank, a leader in innovative financial solutions, has announced the launch of the Mayura Credit Card, a new addition to its premium metal card portfolio. The Mayura Credit Card celebrates the spirit and aspiration of the new India but is
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FinDoc Finvest Launches Digital Lending with Short-Term Personal Loans Pow
Updated : 1 year, 9 months ago IST
New Delhi [India], September 27: FinDoc Finvest, the Non-Banking Financial Company (NBFC) arm of FinDoc Financial Services, is pleased to announce its entry into digital lending in India with the launch of short-term personal loans with Roopya as its technology platform partner. This strateg
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