A payment system is to an economy what plumbing is to houses: The only time people talk about it is when it’s not working. That’s been the case in India since the government’s demonetization decision on Nov. 8. While that shock gutted commerce, it also upended the payment metho…
Tag: HDFC Bank
Banks extend help to start-ups in need of credit
Mumbai: Private sector lenders HDFC Bank, Axis, IDFC, Kotak Mahindra and Yes Bank have started extending short term credit to meet working capital needs for Ola, Power2SME, Flipkart, OYO, Zinka, Capital Float, investment banker-turned-entrepreneur Fulguni Nayar-owned Nykaa and many others, throwi…
Security tech start-up Seclore bags three deals from govt
Bengaluru: Security tech startup Seclore Technology, which provides enterprises with digital rights management solution, sees huge business opportunity in the Indian security space. The Sistema Asia Fund-backed startup has recently signed up with three security-based projects with the Indian gove…
5 senior professionals who quit their jobs & turned entrepreneurs
The word ‘start-up’ typically evokes images of young entrepreneurs brimming with adolescent enthusiasm intent on creating radically different businesses. But the bunch of entrepreneurs that features in this article are not your Average Startup Joes. They are actually experienced professionals who…
Unlocking the real value of India’s start-up ecosystem
The story of Indian start-ups is not just limited to the current century; in fact it began over four decades ago. Through the 1980s, a handful of pioneering IT services companies, including the likes of Tata Consultancy Services, Infosys and Wipro, put India firmly on the global economic map. The…
IFC to invest Rs 260 cr in microfinance institution Ujjivan
World Bank’s investment arm International Finance Corporation (IFC) has proposed to invest $40 million (approximately Rs 260 crore) into Ujjivan Financial Services, one of the leading microfinance institutions in India. Ujjivan Financial is among the 10 recipients of small finance bank (SFB) lice…
Snapdeal offers Rs 1,000 crore collateral-free loans to its sellers
Online marketplace Snapdeal is offering collateral-free loans worth Rs 1,000 crore for its sellers, ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme — Capital Assist — which is now managed by FreeCharge and i…
Hansa Cequity plans to go for more buyouts
Marketing technology company Hansa Cequity plans to follow up its acquisition of majority stake in analytics firm D-Square with more buyouts to build its new products and platforms business. A deal in customer loyalty business is in the offing, Chief Operating Officer Ajay Kelkar told . “We…
Small biz stress dulls; good show by HDFC Bank, Kotak
Two leading private banks – HDFC Bank and Kotak Mahindra – kicked off the earnings season with decent profits, but with a marginal increase in bad loans too. The results of these banks, which are considered among the best lenders in terms of asset quality, are seen as a pointer to ris…
OYO partners with PayZapp to aid frictionless payment
India’s largest branded network of hotels OYO announced the integration of PayZapp, a complete payment solution by HDFC Bank, on its consumer app. This tie-up will enable customers to directly link their debit and credit card to PayZapp, and book an OYO by making the payment in just one cli…