Monday, April 15, 2024
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RBI’s move to heighten risk weights on consumer credit for NBFCs might enhance financial stability but poses challenges for lenders by raising capital requirements. This impacts profitability, potentially increasing interest rates on consumer loans

Ohm Mobility intends to use the funds to build out their team and develop their technology platform and proprietary risk management tool

Granularity in growth seen with the number of loans disbursed growing by 150 per cent, through a diversified mix of digital partnerships

The fund will invest in profitable SME (small and medium enterprises) with high-potential opportunities in unorganised sectors

Eugene Karthak and S Vishvanathan join slice’s parent company Garagepreneurs Internet Private Limited (GIPL) as Independent Director and Advisor respectively

Paytm Payments Bank will earn additional interchange revenue from merchants acquired by other payment service providers (PSP), payment gateways (PG) and payment aggregators (PA)

The success rate of transactions via Paytm UPI LITE is said to be improved further as it is designed to reduce the load on bank systems for small-value payments

The partnership will assist PayU’s merchant partners to empower KreditBee customer base with the ability to convert their purchases into cardless EMIs, with a 3-18 months loan tenure

The company plans to utilise the funds for onward lending to the micro-entrepreneurs

The Kolkata-based NBFC-MFI recently raised around Rs 800 crore in the current fiscal year and plans to scale up its loan book to Rs 2,500 crore in the next fiscal year