Micro, Small and Medium Enterprises (MSME)-focused NBFC, Purple Finance, recently has successfully closed its recent rights issue, which was oversubscribed by 1.5 times. The company […]
Author: The Banker Media
UFSL secures Rs 200 million via NCDs
Usha Financial Services Limited has raised Rs 200 million through Non-Convertible Debentures (NCDs) ahead of its Initial Public Offering (IPO) slated for October, marking another […]
UGRO Capital secures $40 million loan from United States International DFC
UGRO Capital recently revealed to have secured a $40 million (approx. Rs 3,300 million) loan commitment from the United States International Development Finance Corporation (DFC). […]
PhonePe launches firecracker insurance ahead of diwali festivities
PhonePe, has come up with a new firecracker insurance policy to safeguard users against firecracker-related accidents during the Diwali celebrations. The insurance plan is priced […]
Citi and Mastercard team up to revolutionise cross-border payments with near-instant transfers to debit cards
Citi and Mastercard have collaborated to offer cross-border payments to Mastercard debit cards in 14 markets worldwide, with plans for further expansion. Utilising Citi’s WorldLink […]
RBI Names Partha Pratim Sengupta as MD and CEO of Bandhan Bank
The Reserve Bank of India (RBI) has approved the appointment of Partha Pratim Sengupta as the Managing Director (MD) and Chief Executive Officer (CEO) of […]
U GRO Capital hits new milestones in Q2 FY25
U GRO Capital has hit new milestones in its Q2 FY25 results, with Assets Under Management (AUM) surpassing Rs 10,200 crore, a significant jump from […]
Usha Financial Services set to launch its IPO soon
Usha Financial Services is all set to launch its Initial Public Offering (IPO) soon. The company also received official approval earlier this month from the […]
Usha Financial Services to benefit 3,300 EV owners
Usha Financial Services continues its commitment to sustainability by financing over 3,300 Electric Vehicle (EV) owners through its green financing loans. So far, the Non-Banking […]
Google Pay partners with Aditya Birla and Muthoot Finance to expand loan offerings for Indian users
Google Pay (GPay) has partnered with Aditya Birla Finance and Muthoot Finance to offer personal and gold-backed loans in India, enhancing access to credit for […]