Search result for 'digital lending'

Fintech Biz2X to Hire 200+ Professionals in FY26

March 27, 2025 17:09

Biz2X, a digital lending SaaS platform, plans to hire over 200 professionals across AI, data science, and technology in India for FY26. The company aims to expand its AI-powered lending platform...

Shriram Finance Disburses Rs 8,938.61 cr in SME Loans in TN

March 27, 2025 16:05

Shriram Finance Ltd, a flagship company of Shriram Group, has disbursed Rs 8,938.61 cr in Q3 for SME loans in Tamil Nadu, indicating strong growth in the sector. The company is expanding its branch...

RBI Governor Urges Responsible Fintech Innovation & Compliance

March 5, 2025 22:30

RBI governor emphasizes responsible innovation and compliance for fintechs and non-bank payment operators, highlighting their crucial role in India's financial system.

RBI Cancels X10 Financial Services Registration: Irregular Digital Lending

January 21, 2025 19:56

The Reserve Bank of India (RBI) has cancelled the registration of X10 Financial Services Ltd, a non-banking financial company (NBFC), due to irregularities in its digital lending operations. The...

India Fintech Funding: 3rd Globally, Down 33% in 2024

January 13, 2025 12:39

Despite a 33% decline, India remained the 3rd largest recipient of fintech funding globally in 2024, reaching $1.9 billion. Digital lending dominated funding, while late-stage funding took the...

Banking Frauds Surge in H1FY25: RBI Report

December 26, 2024 17:44

RBI report reveals a sharp increase in banking frauds in H1FY25, with the amount involved jumping eight-fold. Learn about the trends and implications for the financial system.

New Law to Curb Unregulated Lending in India: 10 Years Jail for Violators

December 19, 2024 19:37

India proposes a new law to ban unregulated lending activities, including digital loans, with violators facing up to 10 years of imprisonment and heavy fines.

RBI Cancels Zavron Finance Registration: Irregular Lending Practices

December 2, 2024 19:09

The Reserve Bank of India (RBI) has canceled the registration of Nagpur-based Zavron Finance due to violations of lending guidelines, including outsourcing core functions and failing to provide...

Digital Footprint Loans for MSMEs: Up to Rs 5 Lakh from Muthoot FinCorp ONE

December 2, 2024 11:22

Muthoot FinCorp ONE launches QR-code based loans for MSMEs, enabling access to up to Rs 5 lakh based on digital transaction history. This innovative program aligns with the government's push for...

Ecofy & SWELECT Partner for Rooftop Solar in South India

November 27, 2024 13:04

Ecofy and SWELECT Energy Systems collaborate to make rooftop solar more accessible in South India, offering financing solutions and leveraging their expertise.

India Leads Digital Revolution: RBI Dy Guv Patra

November 13, 2024 16:25

India is at the forefront of the digital revolution, with financial technology driving digital payments and the digital economy poised to make up a fifth of GDP by 2026, says RBI Deputy Governor...

Bank Credit Growth to Moderate to 12% in FY25: Icra

October 25, 2024 16:33

Icra forecasts a slowdown in credit growth for banks and NBFCs in FY25 due to regulatory measures and tighter funding conditions. Bank credit growth is expected to moderate to 12% YoY, while NBFC...

Biz2X Surpasses Rs 9,000 Cr in Loans: Digital Lending Growth

October 15, 2024 15:08

Biz2X, a digital lending platform, has surpassed Rs 9,000 crore in loan disbursements, driven by its AI-integrated platform DigiKred. The company is expanding into global markets and aims to...

SBI Working on YONO 2.0: Khara on Digital Banking Platform

August 29, 2024 21:16

SBI's former Chairman Dinesh Khara discusses the bank's new digital banking platform, YONO 2.0, aimed at meeting customer needs. He also emphasizes the importance of risk management in banking.

RBI Warns Against Fraudulent Activities: Don't Share Details

August 29, 2024 19:18

The Reserve Bank of India (RBI) warns the public against fraudulent activities using its name. Don't share your account login details, OTP, or KYC documents with unidentified individuals.

UPI Transaction Volume to Reach 439 Billion by FY29: PwC India Report

August 28, 2024 17:05

PwC India predicts UPI transaction volume to surge to 439 billion by FY29, driven by growth in digital payments. The report also highlights the expansion of credit cards and the evolution of the...

RBI Cancels Registration of Margdarshak Financial Services

August 23, 2024 19:34

The Reserve Bank of India (RBI) has canceled the registration of Margdarshak Financial Services Ltd over high net NPAs and defaults on repayment to lenders. The company failed to meet minimum...

Maharashtra to Roll Out Red Carpet for MSMEs & Startups

August 23, 2024 13:13

Maharashtra Minister Uday Samant promises support for MSMEs & startups, aiming to transform Mumbai into a global fintech hub. The state will provide red carpet treatment for projects, at par with...

TFCI Enters Short-Term Retail Lending with FinTech

August 19, 2024 14:30

TFCI, a non-banking finance company, is diversifying into retail lending through FinTech platforms and plans to establish an Alternative Investment Fund.

Freo Targets 25-30% Revenue Growth, Focuses on Profitability

August 16, 2024 12:50

Digital banking platform Freo aims for 25-30% revenue growth in FY24, prioritizing profitability. The company has been profitable since December 2023 and expects to continue this trend. Freo's...

RBI Holds Rates Steady, Warns Banks on Risks to Financial Stability

August 8, 2024 19:16

The Reserve Bank of India kept interest rates unchanged, but raised concerns about potential risks to the banking sector, including excessive leverage and IT outages. Top bankers said the move is...

RBI Holds Rates, Focus on Inflation: Experts

August 8, 2024 16:36

RBI maintains status quo on repo rate, prioritizes inflation control for sustained growth. Experts weigh in on the decision and its implications for the Indian economy.

Reserve Bank of India Monetary Policy Highlights - August 2023

August 8, 2024 12:20

The Reserve Bank of India retained the benchmark interest rate at 6.5% for the ninth time. Other highlights include GDP growth forecast, inflation projection, and measures to boost digital lending...

RBI to Create Repository of Digital Lending Apps

August 8, 2024 11:30

The Reserve Bank of India (RBI) proposes a public repository of digital lending apps to curb unauthorized players and enhance digital payments through UPI.

Fintech & Banks: Collaboration for Scalable, Compliant Solutions - Joshi

August 7, 2024 14:43

Financial Services Secretary Vivek Joshi urges fintechs to collaborate with banks to create scalable, regulatory compliant solutions, highlighting the importance of addressing challenges in the...

Navi Finserv Securitises USD 38 Million Personal Loans with J P Morgan

July 30, 2024 11:09

Navi Finserv closes a USD 38 million securitisation deal with J P Morgan for personal loans, marking J P Morgan's first pass-through certificate transaction in India's fintech space. The funds will...

India's Digital Economy to Reach 20% of GDP by 2026: RBI Report

July 29, 2024 16:25

A new RBI report predicts India's digital economy will grow significantly, reaching 20% of GDP by 2026. The report highlights the impact of digitalization on finance, banking, and the economy.

Digital Finance & Next-Gen Banking: RBI Governor

July 29, 2024 14:28

RBI Governor highlights digitalisation's impact on banking, emphasizing next-generation services, affordable finance, and challenges like cybersecurity and data privacy.

RBI Warns of Risks From Single Vendor Reliance

July 22, 2024 18:13

RBI Deputy Governor flags risks of relying on single vendors for services, citing Microsoft outage. He also warns about lack of customer redressal mechanisms among lending service providers.

RBI Cancels NBFC Registration for Irregular Lending

July 8, 2024 19:57

Reserve Bank of India (RBI) cancels registration of Star Finserv and Polytex India for violating lending guidelines and outsourcing core functions.

Greaves Finance Appoints New CEO for EV Financing

July 4, 2024 20:47

Greaves Finance appoints P B Sunil Kumar as its new ED & CEO to accelerate financing in the electric vehicle segment. Kumar will lead evfin, the company's EV finance platform.

Punjab & Sind Bank Partners with Indian Army for Salary Accounts

June 25, 2024 16:53

Punjab & Sind Bank has partnered with the Indian Army to offer a comprehensive salary package with benefits like insurance cover and exclusive features for serving personnel, veterans, and Agniveers.

Indian Startups Raise Millions in Funding

June 20, 2024 16:31

Indian startups OrbitShift, Supermoney, Maxim AI, and Wahter secure funding to expand operations and develop new solutions.

Salesforce Launches Public Sector Division in India

June 19, 2024 13:17

Salesforce announces its public sector division in India, unveils a digital lending solution tailored to the country's needs. The company highlights the potential of the Indian market for digital...

Digital loans up 49 pc in FY24 by value, Rs 1.46 lakh cr disbursed: Industry body

June 18, 2024 20:44

India's digital lending sector saw a 49% growth in FY24, with Rs 1.46 lakh crore disbursed. The Fintech Association for Consumer Empowerment (FACE) reports the surge despite concerns about lending...

SBI Sanctions 20,000 Digital Small Biz Loans: Up to Rs 50 Lakh

June 14, 2024 17:50

SBI has sanctioned 20,000 digital loans for small businesses up to Rs 50 lakh since December. The bank is now expanding the loan amount to Rs 5 crore.

SBI Focuses on MSME Loans for Growth - Digital Lending in 45 Minutes

June 11, 2024 16:01

SBI unveils 'SME Digital Business Loans' with 45-minute approval, aiming to boost MSME lending and profitability over the next five years.

City Union Bank: Insurance Income to Grow Significantly

May 21, 2024 18:11

City Union Bank expects significant growth in insurance income this year, driven by new partnerships and a strong digital lending strategy. The bank also achieved record business and profit levels,...

Sensex Drops 700 Points, Nifty Slips: Telecom, Tech Drag

May 3, 2024 17:15

Indian stock markets tumbled on Friday, with Sensex plunging over 700 points and Nifty retreating from a record high due to selling in telecom, capital goods, and tech stocks. Reliance Industries,...

Bajaj Finance Shares Rise 1% After RBI Lifts Restrictions

May 3, 2024 16:53

Bajaj Finance shares ended nearly 1% higher after the Reserve Bank of India lifted restrictions on the company's eCOM and Insta EMI Card lending products.

Sensex Tumbles 700 Points: Nifty Slips from Record High

May 3, 2024 16:19

Indian stock markets witnessed a sharp decline on Friday, with the Sensex plunging over 700 points and the Nifty retreating from its record high. Investors pared exposure to telecom, capital goods,...

Sensex Tanks 779 Points, Nifty Falls From Record Peak

May 3, 2024 13:08

Indian equity markets pare early gains, with Sensex tumbling 779.69 points and Nifty falling from its lifetime peak amid profit-taking and decline in Reliance Industries shares.

Bajaj Finance Shares Surge 7.5% After RBI Lifts Restrictions

May 3, 2024 10:49

Bajaj Finance shares rallied over 7.5% after the Reserve Bank of India lifted restrictions on its eCOM and Insta EMI Card lending products. The company's market valuation climbed by Rs 23,008.1 crore.

Nifty Hits Record High, Bajaj Finance Soars 6%

May 3, 2024 09:57

Indian equity benchmarks surge, led by Bajaj Finance's 6% jump after RBI lifts restrictions. Nifty reaches a record high, buoyed by positive US market trends.

RBI Lifts Restrictions on Bajaj Finance

May 2, 2024 20:16

RBI has lifted restrictions on Bajaj Finance's eCOM and Insta EMI Card lending after the company addressed digital lending guideline violations.

RBI Proposes New Norms for LSPs to Boost Transparency

April 26, 2024 18:23

The Reserve Bank of India proposes new regulations for lending service providers (LSPs) to enhance transparency and ensure borrowers make informed loan decisions. The new norms require LSPs to...

NABARD & RBI Innovation Hub Speed Up Digital Agri Lending

April 25, 2024 16:45

NABARD partners with RBI Innovation Hub to integrate its e-KCC system with PTPFC, enabling faster agricultural loan processing and benefiting 120 million farmers.

RupeeQ Targets Rs 300 Crore Loan Disbursement by 2027

April 16, 2024 16:26

RupeeQ, a digital lending platform, aims to triple its loan disbursement portfolio to Rs 300 crore by 2027, driven by India's growing internet penetration in rural areas.

RBI Mandates Key Facts Statement for Loans from Oct 1

April 15, 2024 20:25

The Reserve Bank of India (RBI) has mandated all lenders to provide a key facts statement (KFS) for retail and MSME loans from October 1, 2024, aiming to enhance transparency and empower borrowers.

RBI Warns of Risks in Financial Sector, Emphasizes Vigil - Mint

April 2, 2024 20:06

RBI Deputy Governor M Rajeshwar Rao highlights the need for constant vigilance to mitigate risks in the financial sector, citing concerns over unbridled credit growth and the rise of fintech firms.

mPokket Raises Rs 500 Crore Debt from BPEA Credit

March 5, 2024 19:56

mPokket, a digital lending platform, secures Rs 500 crore debt from BPEA Credit to meet growing customer demand and expand product offerings.

Chinese Cos Probed for Loan App Violations

February 27, 2024 15:09

India's corporate affairs ministry is investigating Chinese companies, especially those linked to loan apps, for alleged violations. The investigations are at advanced stages.

Fintech Regulation Reassessment: Boosting Sector && Easing Compliance

February 26, 2024 15:05

Experts call for regulatory reassessment in India's growing fintech sector to foster innovation, ease compliance burden, and ensure consumer protection.

RBI Mandates Key Fact Statement for Retail & MSME Loans

February 8, 2024 12:01

Reserve Bank of India (RBI) mandates all lenders to provide a Key Fact Statement (KFS) for retail and MSME loans, aiming to enhance transparency and empower borrowers to make informed decisions.

Google Removes 2,200 Fraudulent Loan Apps: MoS Finance

February 6, 2024 15:56

The Indian government reveals that Google has removed over 2,200 fraudulent loan apps from the Play Store between September 2022 and August 2023, highlighting the ongoing battle against digital...

RBI's Proactive Measures Led to Banking System Turnaround: Das

January 12, 2024 22:05

RBI Governor Shaktikanta Das credits the central bank's timely and proactive regulatory measures for the banking system's turnaround, highlighting improved capital adequacy, asset quality, and...

Govt Bans Ads for Fraudulent Loan Apps: Action Against Illegal Lending

December 27, 2023 19:09

India's IT Ministry bans ads for fraudulent loan apps on online platforms, seeking swift removal of such apps. The move comes amid concerns over illegal instant loan apps and their impact on...

Banking Fraud Cases Rise in FY'24: RBI Report

December 27, 2023 18:42

RBI report reveals a surge in banking fraud cases in the first half of FY'24, highlighting the need for robust security measures and AI adoption to combat cyber threats.

RevFin Secures Rs 115 Cr in Series B Funding for EV Financing

December 26, 2023 18:13

RevFin, an EV financing platform, raises Rs 115 crore in Series B funding led by Omidyar Network. The funding will boost the company's efforts to expand its EV ecosystem in India.

Google Removes 2,500 Fraudulent Loan Apps From Play Store

December 18, 2023 16:03

India's Finance Minister reveals Google has removed over 2,500 fraudulent loan apps from the Play Store between April 2021 and July 2022. The government is working with regulators to combat...

Govt Disconnects 70 Lakh Mobile Numbers Involved in Financial Frauds

November 28, 2023 21:28

The Indian government has disconnected 70 lakh mobile numbers linked to financial fraud. The move aims to curb cybercrime and protect customers. Banks are also taking steps to strengthen their...

Arohan MFI Boosts Digital Lending for Higher Repayment Rates

November 25, 2023 12:40

Arohan Financial Services sees digital lending as a key growth driver, achieving 99% repayment rates and faster disbursements compared to traditional methods. The MFI aims to disburse Rs 160 crore...

Bank of Baroda: No Major Financial Impact from 'bob World' Halt

November 4, 2023 19:33

Bank of Baroda (BoB) has reported minimal financial impact from the RBI's directive to halt onboarding customers on its 'bob World' app due to supervisory concerns. The bank is cooperating with the...

Bank of Baroda Digital Lending Head Quits After RBI Action

November 1, 2023 11:57

Akhil Handa, head of Bank of Baroda's digital lending business, has resigned following the RBI's ban on onboarding new customers on the bank's app. The RBI cited supervisory concerns.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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Search result for 'digital lending'

Fintech Biz2X to Hire 200+ Professionals in FY26

Shriram Finance Disburses Rs 8,938.61 cr in SME Loans in TN

RBI Governor Urges Responsible Fintech Innovation & Compliance

RBI Cancels X10 Financial Services Registration: Irregular Digital Lending

India Fintech Funding: 3rd Globally, Down 33% in 2024

Banking Frauds Surge in H1FY25: RBI Report

New Law to Curb Unregulated Lending in India: 10 Years Jail for Violators

RBI Cancels Zavron Finance Registration: Irregular Lending Practices

Digital Footprint Loans for MSMEs: Up to Rs 5 Lakh from Muthoot FinCorp ONE

Ecofy & SWELECT Partner for Rooftop Solar in South India

India Leads Digital Revolution: RBI Dy Guv Patra

Bank Credit Growth to Moderate to 12% in FY25: Icra

Biz2X Surpasses Rs 9,000 Cr in Loans: Digital Lending Growth

SBI Working on YONO 2.0: Khara on Digital Banking Platform

RBI Warns Against Fraudulent Activities: Don't Share Details

UPI Transaction Volume to Reach 439 Billion by FY29: PwC India Report

RBI Cancels Registration of Margdarshak Financial Services

Maharashtra to Roll Out Red Carpet for MSMEs & Startups

TFCI Enters Short-Term Retail Lending with FinTech

Freo Targets 25-30% Revenue Growth, Focuses on Profitability

RBI Holds Rates Steady, Warns Banks on Risks to Financial Stability

RBI Holds Rates, Focus on Inflation: Experts

Reserve Bank of India Monetary Policy Highlights - August 2023

RBI to Create Repository of Digital Lending Apps

Fintech & Banks: Collaboration for Scalable, Compliant Solutions - Joshi

Navi Finserv Securitises USD 38 Million Personal Loans with J P Morgan

India's Digital Economy to Reach 20% of GDP by 2026: RBI Report

Digital Finance & Next-Gen Banking: RBI Governor

RBI Warns of Risks From Single Vendor Reliance

RBI Cancels NBFC Registration for Irregular Lending

Greaves Finance Appoints New CEO for EV Financing

Punjab & Sind Bank Partners with Indian Army for Salary Accounts

Indian Startups Raise Millions in Funding

Salesforce Launches Public Sector Division in India

Digital loans up 49 pc in FY24 by value, Rs 1.46 lakh cr disbursed: Industry body

SBI Sanctions 20,000 Digital Small Biz Loans: Up to Rs 50 Lakh

SBI Focuses on MSME Loans for Growth - Digital Lending in 45 Minutes

City Union Bank: Insurance Income to Grow Significantly

Sensex Drops 700 Points, Nifty Slips: Telecom, Tech Drag

Bajaj Finance Shares Rise 1% After RBI Lifts Restrictions

Sensex Tumbles 700 Points: Nifty Slips from Record High

Sensex Tanks 779 Points, Nifty Falls From Record Peak

Bajaj Finance Shares Surge 7.5% After RBI Lifts Restrictions

Nifty Hits Record High, Bajaj Finance Soars 6%

RBI Lifts Restrictions on Bajaj Finance

RBI Proposes New Norms for LSPs to Boost Transparency

NABARD & RBI Innovation Hub Speed Up Digital Agri Lending

RupeeQ Targets Rs 300 Crore Loan Disbursement by 2027

RBI Mandates Key Facts Statement for Loans from Oct 1

RBI Warns of Risks in Financial Sector, Emphasizes Vigil - Mint

mPokket Raises Rs 500 Crore Debt from BPEA Credit

Chinese Cos Probed for Loan App Violations

Fintech Regulation Reassessment: Boosting Sector && Easing Compliance

RBI Mandates Key Fact Statement for Retail & MSME Loans

Google Removes 2,200 Fraudulent Loan Apps: MoS Finance

RBI's Proactive Measures Led to Banking System Turnaround: Das

Govt Bans Ads for Fraudulent Loan Apps: Action Against Illegal Lending

Banking Fraud Cases Rise in FY'24: RBI Report

RevFin Secures Rs 115 Cr in Series B Funding for EV Financing

Google Removes 2,500 Fraudulent Loan Apps From Play Store

Govt Disconnects 70 Lakh Mobile Numbers Involved in Financial Frauds

Arohan MFI Boosts Digital Lending for Higher Repayment Rates

Bank of Baroda: No Major Financial Impact from 'bob World' Halt

Bank of Baroda Digital Lending Head Quits After RBI Action

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