One97 Communications Limited, which owns the fintech platform Paytm, on Wednesday said it has achieved a new milestone in offline payments as it deployed 6.8 million devices deployed in the January-March quarter.
Loans worth about Rs 40,600 crore covering 1.8 lakh entrepreneurs have been sanctioned so far under the Stand Up India Scheme, said Union finance minister Nirmala Sitharaman.
Mumbai (Maharashtra) [India], April 4 (ANI/BusinessWire India): The 15th edition of "Microfinance Pulse", a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS'21 to JAS'22.
Moreover, with heightening currency risks simultaneously with the rupee sinking, foreign countries are shying away from extending loans to Pakistan, reported The Express Tribune.
Pune (Maharashtra) [India], April 1 (ANI/NewsVoir): Bajaj Finance Limited has launched the Insta Personal Loan as its latest product offering in the loans segment. Existing customers can get a pre-approved personal loan of up to Rs. 10 lakh, with money disbursed within 30 minutes to 4 hours
According to the officials, ED has initiated investigations under the Prevention of Money Laundering Act (PMLA) based upon an FIR registered by CBI, New Delhi against Magnum Steels and others for defrauding Bank of Baroda to the tune of Rs 95.97 crore.
This includes a USD 49.5 million loan to scale up the deployment of electric "smart meters", and a USD 8 million loan guarantee for underserved micro, small and medium enterprises (MSME) in India.
Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of imports at a time when it is seeking a $1.1 billion IMF bailout tranche.
Thapa also raised the same concern during his valedictory remarks in the Assembly, wherein he stated, "We have around Rs. 3000 crores of revenue but our loan is about Rs. 27,000 Crores. Instead of plugging the leakage of revenue or increasing the revenue, we are borrowing all the time."
Bengaluru (Karnataka) [India], March 29 (ANI/BusinessWire India): Finnable, a leading fintech start-up, has recently achieved an important milestone by turning profitable within just six years of its inception. The company, founded by Nitin Gupta, Viraj Tyagi, and Amit Arora, all ex-bankers,
Sri Lankan High Commissioner to India, Milinda Moragoda, met the Reserve Bank of India governor Shaktikanta Das on Wednesday and discussed bilateral economic cooperation.