Mumbai: After his first board meeting as Chairman of Securities and Exchange Board of India, Ajay Tyagi, on April 26, announced a slew of reforms, including introduction of options trading in the commodity market and a unified licence regime for equity and commodity brokers. SEBI will also monito…
Tag: NBFCs
Online loan disbursement is a big opportunity
In the last few years, the NBFC (Non-Banking Financial Institution) sector in India has seen tremendous growth. From just a couple of players in the sector a few years ago, the sector is seeing the emergence of new players. In the next five years, the NBFC sector will expand further and will roll…
Indian fintech start-up perfios raises $6.1mn in series A
Last week, Perfios, a fintech startup based in Bangalore (Bengaluru), India, announced it had raised approximately $6.2 Million (400 Million INR) in its Series A round of funding. The funding is a sign of how much the fintech market has been steadily growing in India the last few years. According…
Fintech companies taking advantage of boom in retail lending
Retail lending, the loan against property and credit cards along with unsecured small value business loans etc, has seen a boom lately. This boom has not only helped banks grow their credit portfolio but has also given a major boost to fintech companies in the lending space. Now that the banks ar…
Finova Capital to expand in 4 new cities, disbursing loans to 1500+ MSMEs
New Delhi: The Indian MSME sector has been coming to mainstream attention, owing to the well-concerted efforts of the new age financial companies, NBFCs and FinTechs in India. Further spearheading the revolution for financial inclusion of the MSME Sector is Finova Capital, the NBFC licensed by th…
Proactive RBI can help people understand microcredit biz: Satin Creditcare
New Delhi: A proactive role from RBI is needed in helping people distinguish between micro finance and chit funds, which are often confused as one, according to NBFC outfit Satin Creditcare. Microfinance credit served by non-banking financial companies (NBFCs) is typically about looking at the bo…
Note ban woes over, SME credit growth picks up
Small businesses which were hit the hardest during demonestisation are bouncing back smartly, at least if their demand for credit is anything to go by. Bankers say that unsecured business loans portfolio, which is a lifeline for these small business entities, is showing a 15-18% growth over the p…
Fintech start-up Perfios raises about Rs 40 cr from Bessemer VP
Fintech company Perfios Software Solutions has raised about Rs 40 crore in its series-A round from Bessemer Venture Partners. The Bengaluru-based firm, founded in 2009 by V R Govindarajan and Debasish Chakraborty, plans to use the funds for organic and inorganic expansion. “We will use the funds…
5 ways SMEs can ensure optimum cash flow while scaling up
The Small and Medium Enterprises (SME) sector in India has grown leaps and bounds over the past decade owing to several factors like increasing availability of growth opportunities for such businesses, and adoption of innovative technology. The rapid development being witnessed in the sector is a…
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…