In an interview to Shilpy Sinha, V Vaidyanathan , chairman of non-banking finance company, Capital First, said Capital First exercises great diligence in lending, but the method of lending is different from traditional ways. Edited excerpts: Q: A large part of your portfolio comprises SMEs, which…
Tag: HDFC Life
Small Finance Banks giving competition to old private sector banks, NBFCs
The last year was eventful for the financial services industry; 2017 is expected to surpass that. Over the years we have seen new sectors gaining prominence, be it microfinance, gold finance or small finance banks. Insurance, and in particular general insurance, is the new sector in focus. Over t…
Microfinance firm Suryoday to turn into small bank by Jan
Navi Mumbai-headquartered Microfinance Institution (MFI) Suryoday is set to convert itself into a small finance bank by the end of this month or early next month. The company has been able to migrate its MFI operations to a banking platform using a cloud-based core banking platform provided by FI…