Paisalo Digital Limited has announced an accelerated transition into a fully AI-powered lending platform, positioning itself for scalable growth, improved profitability, and enhanced operational efficiency […]
Tag: credit
KreditBee raises $280 million marking its entry in unicorn club
KreditBee has raised $280 million in a Series E funding round, achieving a post-money valuation of $1.5 billion and entering the unicorn club, marking the […]
MobiKwik reports 80 per cent jump in EBITDA
MobiKwik has posted a strong Q2 FY26 performance, reporting an 80 per cent quarter-on-quarter increase in EBITDA to Rs 24.8 crore, driven by disciplined cost […]
UP seeing fast increase in new borrowers: Transunion Cibil
Credit penetration is fast increasing in historically under-banked regions. Uttar Pradesh has shown the strongest improvement in credit health with a CMI value of 102, […]
Transition to expected credit loss-based provisioning may hit banks only one time: Report
The implementation of expected credit loss (ECL)-based provisioning model proposed by the Reserve Bank of India will be smooth as the transition will hit banks’ […]
Indian banks may set new credit growth record at Rs 19 lakh crore
Indian lenders are set to see life high credit growth, surpassing the Rs 19 lakh crore mark in the current fiscal year, domestic rating agency […]
MFIs faced up to a 10% credit loss in FY21 and FY22 due to the pandemic
During the two years of the pandemic, microlenders experienced credit losses of up to 10%, but things are improving lately, with stressed asset levels dropping, […]