The FinTech business is on a cusp of a technological transformation, analyzing each part of conventional financial management. A major alteration is going to occur in the small company area as FinTech organizations assume taking over the financial industry by storm with parts to offer to new businesses and startups through lending, foreign exchange, and […]
How the alternate lending sector is simplifying access to credit and helping redeem India’s ailing MSME sector
New Delhi Traditionally for the MSME segment, lenders have always faced a constraint in underwriting loans because of poor quality of information, understated financials, lack of secondary data sources/ verification.
Over the last few quarters, public sector banks’ (PSBs’) share in lending to micro, small and medium enterprises (MSMEs) has reduced drastically. This has largely been due to the growing number of non-performing assets (NPAs) across PSBs, instability in the rupee’s value, and trade deficits. According to a quarterly report by TransUnion Cibil and Small […]
How Adoption of Digital Technologies and Payments Methods are Boosting Delivery of Credit in the Rural Areas
New Delhi During FY2017-18, the number of adults with bank accounts in India grew to 80per cent, marking a significant rise in the number of individuals with access to banking services. The development was primarily driven by the government’s push for greater financial inclusion through initiatives like the Pradhan Mantri Jan Dhan Yojna, Aadhaar-enabled biometrics, […]
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BW Online Bureau New Delhi-based micro-finance company, Satya MicroCapital has raised Rs 43 crore in funding led by Japan’s Gojo & Company, along with existing investor Dia Vikas Capital Pvt. Ltd. The latest equity raised follows a right issue of Rs 11.5 crore in the month of May 2018. The company plans to use the funds to […]