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IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24

He said, for the first time, the profit before tax has crossed Rs 2,000 crore. During the yea…

PTI   


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RBI to come up with unified regulatory framework on connected lending

The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…

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5 mins read

From adaptation to transformation – Lessons from Freecharge’s digital transformation

To call the transition of the last few years from in-office to remote work to hybrid a steep learni…

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As younger borrowers drive digital loans, proportion of ‘borrowed for less than six months’ rises significantly

The digital lending landscape is primarily driven by younger customers, those aged below 40, who ma…

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The Indian e-commerce market is growing at the rate of knots courtesy rapid digital transformation

India has cemented its position as a pioneer in developing and integrating digital infrastructure. …

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3 mins read

Even in the digital age, banks need brick and mortar presence, especially in Hindi heartland

In the age of digital banking, there are very few reasons to step into the bank. Even if one decide…

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Digital lending platforms see 3x year-on-year rise in disbursals to ₹14,016 crore in Q2 FY23

Fintechs issuing digital loans witnessed an over three-fold disbursal growth in Q2. The number and …

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Google for India – Sachet loans to credit on UPI, tech giant bets on lending

Search giant Google has made several major announcements for India at their annual Google for India…

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1 min read

Maharashtra, Karnataka, Telangana and TN accounted for half of ₹18,000 crore digital loans – check out others

A report by the Fintech Association for Consumer Empowerment (FACE), reports that fintech lending c…

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11 mins read

What is cryptocurrency? What to know about this increasingly popular digital currency before investing

Cryptocurrencies are decentralized, digital currencies that use blockchain technology to manage tra…

Louis DeNicola,Tessa Campbell   


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ICICI Bank launches digital lending solution iLens, powered by TCS

ICICI Bank launched iLens, a digital lending solution, powered by TCS lending platform. iLens digit…

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4 mins read

RBI tightens norms for Chinese lending apps

Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…

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3 mins read

Deposit rates rise faster than lending rates in March 2023: CareEdge

In March 2023, both lending and deposit rates rose, but the rate of increase was faster for the dep…

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1 min read

M2P Fintech acquires Cloud lending platform Finflux to boost digital lending capabilities

With this acquisition, Chennai-headquartered M2P Fintech said it will accelerate the adoption of ne…

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3 mins read

Going to take a digital loan? Read this before you do it

Digital loan providers take money from banks and other financial lenders and route it to people …

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2 mins read

RIL calls for shareholder, creditor meeting to approve demerger of financial services arm

Reliance Industries Limited (RIL) on Thursday called for a meeting of equity shareholders, secured …

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Axis Bank to tie up with ITC to offer rural lending products to farmers

The collaboration will help Axis Bank bank to leverage ITCMAARS, an agri-tech application to addres…

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3 mins read

World Bank praises India's digital infrastructure for its transformative potential

"The India stack exemplifies this approach, combining digital ID, interoperable payments, a dig…

PTI   


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After firing 150 employees, crypto lending platform Celsius Network files for bankruptcy

The platform said that it initiated voluntary Chapter 11 bankruptcy proceedings to provide it with …

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1 min read

Cloud lending platform Lentra raises $60 million, will use funds for product strengthening and global expansion

The company said it will use the funds for products and platform strengthening and also for glob…