New Delhi: Indian banks struggles with bad loans over the past three years have opened an opportunity to ramp up lending for so-called non-banking financial companies (NBFCs), which are not as strictly regulated as banks. With their share of total credit rising, new players and new investors have…
Tag: Anshu Jain
InCred disburses Rs 100 cr loans to SME, housing segments
InCred, a non-banking finance company which began operations in February 2017, has disbursed Rs 100 crore loans to about 1000 customers in less than 100 days. “Bulk of the disbursements have happened in the housing and small business segment which is very encouraging since InCred was set up to pr…
Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in India
Deutsche Bank’s former co-chief executive Anshu Jain is partnering with former colleague Bhupinder Singh to launch a non-bank finance company in India, counting on the millions underserved by the banking sector in his home country. The NBFC will lend to individuals, SMEs and entrepreneurs, …