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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
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…
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…
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…
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. …
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…
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 …
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…
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…
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…
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
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
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…
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 …
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…
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 …
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…
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
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 …
India’s central bank to monitor digital lending, says recent spurt of lending apps has raised serious concerns
India’s central bank has set up a working group to monitor digital lending in the country. The grou…