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NBFC

Fintech startups move towards hybrid lending model

Several digital lending companies in India are moving towards a hybrid model that will have them disbursing loans both on... (more…)

#digital#financial services#invoice

Mumbai-based corporation plans to expand SCF operations

A Mumbai-based investment group with diverse interests,... (more…)

#financial institutions#funding#international


RBI modifies factoring guidelines

The Reserve Bank of India (RBI) has reviewed and modified existing RBI's instructions/guidelines in relation to the factoring services by…

#bank#factoring regulation#Factoring Regulation Act


Sumitomo Mitsui buys stake in Indian NBFC

Financial company to offer clients of Japanese bank supply chain finance assistance (more…)

#bank#management#NBFC


Captive receivables finance firm sold

Indian captive receivables financier sells its remaining stake to an investment holding (more…)

#channel#financial services#NBFC


Redington sells stake in NBFC arm Easyaccess

Redington could get up to Rs288 crore (EUR34 million) for its financial arm. (more…)

#channel#financial services#investment


Bajaj Finance sees 30 per cent quarterly jump on...

Non-banking finance company Bajaj Finance has reported a 30 per cent increase in net profit at Rs 167 crore in…

#commercial finance#i#interest


RBI issues guidelines for new bank licensees

New norms will allow corporate houses to enter banking space. (more…)

#bank#banks#financial services


RBI raise ECB limit to $10m for MFIs

The Reserve Bank of India has allowed microfinance institutions (MFIs) to raise External Commercial Borrowing (ECB) up to US$10 million…

#bank#banks#international


Scotiabank to set up Indian factoring operaions

Scotiabank will be routing in $5 million as equity capital in its proposed non-banking financial services company to be set…

#bank#financial services#international


Exim Bank and IFC selling stakes in GTF Ltd

Exim Bank and IFC, Washington, are negotiating with a large foreign bank to sell off their stakes in Global Trade…

#bank#global trade#international


New IT product for factoring launched

Sundaram Infotech Solutions (SIS), the IT services arm of Sundaram Finance, has launched SmartLend Lite, a customised IT solution for…

#banks#management#Microsoft

Yes Bank plans non-banking micro-finance company

Yes Bank plans to set up a micro-finance subsidiary in a joint venture with possibly two US-incorporated institutions with expertise…

#bank#corporate finance#investment

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