Insurance penetration in SME sector is very low, so it offers high potential for growth. At present, contribution from this key sector to ICICI Lombard’s business mix is not significant
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Tag: : ICICI
KTR submits MSMEs-focused memo to RBI Governor seeking financial leverage
State IT & Industry Minister also called on ICICI chief for support on proposed Telangana-Fund to boost start-ups and WomePreneurs in the youngest state of India
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Innoviti Payment Solutions bags Rs 120 cr fund
Leading payments company Innoviti Payment Solutions on July 12 announced financing of Rs 120 crore (~ $18 million) to further its vision of digitally organising the flow of money for businesses across the retail supply chain. Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Soluti…
Tech-driven insurance start-up Digit secures Fairfax’s backing
A clutch of senior executives from the e-commerce and insurance space have come together to float Digit, a tech-driven insurance startup, a national daily reported on June 13. Former top-level employees of general insurance company Bajaj Allianz Vijay Kumar, V Philip and Jasleen Kaur; former seni…
‘FinTech: The growth propeller for MSMEs’
Demonetisation affected many people in many ways. But the most to feel the heat were small and medium business owners. Largely a cash intensive market, scrapping of Rs 500 & Rs 1000 notes and scarcity of lower denomination notes drove them to adopt digital payment tools to keep the business g…
With technology as its key enabler, fintech start-up Rubique disburses loans worth over Rs 1250 cr
Mumbai: With technology as a key enabler to make finance simpler and minimize the gaps in the lending sector, Rubique has witnessed over 400% of growth in business with the same number of team members. The leading fintech company empowering individuals & SMEs by providing easy & smooth ac…
Four former Bajaj Auto veterans form start-up to finance used two wheelers
Mumbai: The used-car industry, or its financing, isn’t foreign to a shortage economy. But for buyers of pre-owned motorcycles and scooters, India has never had an organized funding system – a gap in the market that four former Bajaj Auto executives are keen to fill. Led by the erstwhi…
DoneThing | Running errands to ditch the daily mundane cycle
Your busy and hectic work life doesn’t really spare you enough personal time to get caught up in chores. Often we end up spending our weekend checking the pending to-do-list. To give you the much deserved “time-out”, DoneThing is here to provide busy people resources of an on-demand personal assi…
कैशलेस के लिए सरकार का बिग प्लान, BHIM और UPI एेप्स का होगा साइबर इन्श्योरेंस
मोदी सरकार कैशलेस ट्रांजैक्शन को बढ़ावा देने के लिए बड़ी तैयारी कर रही है। इसके तहत नेशनल पेमेंट कॉरपोरेशन ऑफ इंडिया साइबर फ्रॉड के लिए इन्श्योरेंस कवर लेने जा रही है। यह भीम, यूपीआई ऐप और रुपे कार्ड के लिए होगा। इस कदम से NPCI के प्रोडक्ट से हुए साइबर फ्रॉड पर यूजर को भी […]
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Developing a relationship with customers can be a game-changer for SMEs
Customer-centricity simply speaking means bringing customers at the centre of the enterprise and aligning strategies, decisions and actions to deepen this relationship with them over a period of time. Aligning strategies, decision and actions includes products, distribution, behaviour, business m…