Banking & Finance

Overarching objective to reach out to the mass market The Indian market is at an interesting juncture as more people make technology a part of their daily lifestyles, says Silicon Valley veteran Narayan Gangadhar, the newly appointed CEO of Angel...

Microfinance and unsecured SME loan pools reported the highest delinquencies last year The rising Covid-19 cases in April 2021 has again raised concerns on the asset quality of the retail loans of non-banking financial companies (NBFCs) and housing finance companies...

MSMEs get Card solution for easy payment Mastercard, which has been working relentlessly to empower MSMEs and committed Rs.250 crores to support small businesses in India last year, offer an easy, frictionless payment solution for cardholders with the launch of...

Bay Area Office to scale Spintly access control platform Silicon Valley, Hyderabad and Chicago based funds have invested in Spintly which started building technology-based products in India in 2017 but plans to use the proceeds to foster key collaborations and...

RBI pushes FinTechs to provide offline solutions The Buy Now Pay Later (BNPL) Gross Merchandise Value in India will record a CAGR of 24.2% over the next seven years, increasing to US$52,827.2 million by 2028 from US$6,990.5 million in 2020,...

The FANG+ companies have a total market cap of US$7.7 trillion Mumbai's Mirae Asset Investment Managers India, one of the fastest growing fund houses in the country in the equities and debt segments, has launched India’s first FANG+ based products,...

3,600 startups expected to benefit from SISFS Commerce and Industry Minister Piyush Goyal has launched a Rs.945 crore Startup India Seed Fund Scheme (SISFS) which is expected to support an estimated 3,600 startups through 300 incubators over the next four...

Most infrastructure sub-sectors remained resilient from debt servicing Given the Covid-induced disruption, trajectory of total infrastructure credit (banks and NBFC-IFCs) slowed further in 9M FY2021, following the moderation in growth seen in FY2020, according to ICRA Ltd. Overall, while infrastructure...

Pressure on MFI industry's asset quality to continue The overall long-term growth outlook for domestic microfinance industry, including microfinance institutions (MFI)s and micro finance focused small finance banks (SFB)s, remains robust, even though the near-term outlook is clouded given the...

Tech-led innovations to improve farm productivity Amazon India has announced a major technology funding programme led by US$250 million Amazon Smbhav Venture Fund which is to invest in startups and entrepreneurs focusing on technology innovations in Small and Medium Businesses...