Posts in

Archives


Silvergate Capital gained nearly 50 new digital currency customers in the fourth quarter of 2019, when its traditional banking services were generally flat. While traditional lending struggles with slow growth due to maturity as well as low interest rates, niche lending activity is seeing tremendous momentum, albeit on a much lower overall volume. Here are …

Adani Capital Pvt. Ltd, the non-bank financial company (NBFC) arm of the Adani Group focused on small and micro entrepreneurs, has acquired the micro, small and medium-sized enterprise (MSME) lending business of Essel Finance. Through this acquisition, Adani Capital secured a loan portfolio of approximately ₹145 crore, operating from 10 cities, comprising approximately 1,100 customers …

So consumer loans and SME loans – we’ve talked about those two, but we also do business loans. We started ten years ago with Bajaj Auto supplier loans, we knew we were expanding that to automotive segments, and we went through segments. We lend to light engineering because we believe the dynamics of these segments …

Since a payment bank is not authorized to lend, the company is considering the possibility of obtaining an NBFC license. Fintech startups getting into lending have become the norm rather than the exception. One of the oldest players in this sector, Paytm, now wants to develop its lending business and would like to obtain an …

Representative picture New Delhi: Digital wallet company Paytm plans to expand the footprint of its online lending business across India later this year as it seeks to make lending its main source of income, the Economic period said in a report. Last July, the company launched a pilot project in partnership with Clix Capital to …

KOLKATA: Digital payments player Paytm plans to expand its online lending business across the country later this year as it seeks to make it a major source of income. Last year in July, Paytm partnered with Clix Capital to offer loans as a deferred payment option to consumers and merchants in the form of lines …

The digital lending platform market is expected to exceed $ 17 billion by 2025. The growth of the market is attributed to increasing demand from financial institutions, such as banks and NBFCs, to reduce the risk of fraud and fraud. Postcode. Increasing digitization and rapid adoption of the cloud in financial institutions are proliferating the …

New Delhi, January 12: A short term loan applied by Sumiran Ghosh (name changed) through one of the online lending platforms was rejected because he could not provide the latest payslips as part of the documentation process . The 30-year-old professional’s salary was delayed by two months, and the last salary received was in October. …

Tottenham Hotspur are currently going through an injury crisis, especially in midfield. Tanguy Ndombele is again indefinitely injured after twisting his groin in Spurs’ loss to Southampton. Then Spurs announced yesterday that 30-year-old utility midfielder Moussa Sissoko has undergone knee surgery and will be out until April at the earliest. It’s not great ! While …

Several credit unions face trademark lawsuits. (Source: Shutterstock) Gain Federal Credit Union, based in Burbank, Calif., Is suing a nearby consumer credit company whose name and logo it says are too similar to the credit union and confusing consumers. In its lawsuit filed in U.S. District Court, the Credit Union, which has $ 352 million …