Tag: Religare

RBI pulls up Religare arm over lending norms

Mumbai: The RBI has pulled up Religare Finvest, the NBFC arm of Religare Enterprises, for outstanding loans of Rs 1,156 crore to entities which were given under the “influence of its promoters”, flouting lending guidelines and corporate governance norms. The Singh brothers, Malvinder …

Demonetisation effect: Credit to small, micro units fall 7.7% in November

Chennai: Industrial credit slowed across sub-sectors in November, with loans to micro, small and medium enterprises reporting the biggest fall. Credit growth to the services sector slowed down on a month-on-month (m-o-m) basis but performed relatively better than industries. Credit to small &…

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…

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 …

B2B startups warm up to SMEs

Even as various e-commerce companies and organised retail run mega sales promotions in a bid to outdo each other, it’s the neighbourhood kirana store that’s been caught in the crossfire. This is what prompted Sahi Sani, a Traditional Distributor, to look into whether technology could …