Tag: Mahindra Finance

‘NBFCs are bankable source of funds for SMEs’

Non-banking finance companies have, of late, become the go-to place for micro, small and medium enterprises in need of funds. Lending to MSMEs had earlier been the forte of banks and NBFCs had a limited role in this segment. But now, this is changing. Enquiries with many small businesses showed o…

Askme Fin plans payment services for SMEs

E-commerce marketplace Askme Bazaar plans to help small and medium vendors who are transacting on its site by arranging credit and insurance products for them. These services will be provided via Askme Fin, the groups’ financial services platform. In the last 2-3 months, Askme Fin has helped abou…

Mahindra Finance to raise Rs 1000 cr from NCDs

Mahindra Finance said it will raise Rs 1,000 crore through retail bond sale. The public issue of thecthe first from the company, will open on May 25 and closes on June 10, said the NBFC from the Mahindra group. Mahindra Finance Vice Chairman and Managing Director Ramesh G Iyer said it is their ma…

AskmeFin to credit rate Small & Medium units, use algorithms

AskmeFin plans to venture into credit rating of small and medium enterprises to enable them get funds at competitive rates. To start with, the company will use algorithms to provide credit scores for the 1.5 lakh SMEs registered with it and also helping them tie-up short-term funds. A part of the…

Askme Group to help arrange Rs 1,000 crore of loans for 10,000 SMEs

The Askme Group will help arrange Rs 1,000 crore of loans for 10,000 online and offline small and medium enterprises that are listed on its platforms and directories by the end of financial year 2017. The finance arm of the group, Askme-Fin, has tied up with non-bank finance companies, banks and …