Search result for 'underbanked'

Over 10 lakh in J&K get Rs 43,000 cr credit in FY26 first half. Banks boost lending to priority sectors like agriculture, housing.

Piramal Finance targets ₹1.5 lakh crore AUM by 2028, focusing on retail & wholesale segments. Stock rises post-listing. Learn more!

Bajaj Finance launched a financial literacy campaign in Assam to educate people about safe monetary transactions and financial discipline. The initiative, 'Arth Sutra Samvad', aims to improve...

Mahaveer Finance secures Rs 200 crore funding from Elevation Capital and other investors to expand vehicle financing solutions in Southern India.

IIFL Finance receives regulatory approval to expand its credit services to Jammu & Kashmir, aiming to provide financial access to underserved communities and support local businesses.

Fintech company Findi Ltd has raised Rs 243 crore in funding through an institutional placement and share purchase plan. The proceeds will be used to enhance technological capabilities, scale...

Airtel Payments Bank has surpassed 1 billion transactions, driven by growth in digital banking, diverse business model, and popular products like UPI payments and FASTag.

Satin Creditcare Network Ltd has raised USD 100 million in a syndicated social loan from Standard Chartered Bank and six Sri Lankan banks, aiming to expand financial services in underbanked regions.

Tata Communications has completed the divestment of its subsidiary Tata Communications Payment Solutions Limited (TCPSL) to Transaction Solutions International India (TSI), a majority-owned...

Australia-based FINDI has acquired India's BANKIT in a 30 million Australian dollar deal, expanding its financial services marketplace for the underbanked in rural areas.

Paisalo Digital, an NBFC, has achieved over Rs 3,400 crore in transactions and served 59 lakh customers within two years, highlighting its commitment to financial inclusion.

Annapurna Finance, an NBFC-MFI, has raised $109.5 mn through a syndicated social loan to expand financial services to underserved populations in India.

TSI India, a subsidiary of Findi, will acquire Tata Communications' subsidiary TCPSL for over Rs 330 crore, expanding its reach in India's payments market.

LIC's CEO advocates for collaboration with telecom, e-commerce, and fintech to expand insurance reach, particularly in rural areas. He emphasizes the need for digital technologies and regulatory...

Airtel Payments Bank reported a 41% rise in net profit for the June quarter, reaching Rs 7.2 crore, driven by strong growth in digital savings accounts and other offerings. Revenue also surged to...

India Post Payments Bank (IPPB) partners with Ria Money Transfer to offer inward money remittance service from overseas to India. Learn more about the service and its benefits.

Shriram Finance secures USD 468 million multi-currency social loan from BNP Paribas, DBS Bank, HSBC, and Sumitomo Mitsui Banking Corporation to expand financial services for small businesses and...

Airtel Payments Bank CEO sees strong growth potential for payments banks in India, driven by financial inclusion and rapid digitalization. Read more on the company's growth plans and the...

Airtel Payments Bank reports a significant increase in new customer applications for bank accounts and FASTag, potentially driven by recent RBI action against Paytm Payments Bank.

ESAF Small Finance Bank partners with Edelweiss Tokio Life Insurance to extend financial security to unbanked and underbanked populations through innovative life insurance products.