A former CFO of Infosys, V. Balakrishnan, is entering India’s alternative lending market through the launch of his new company, billionloans. The company will target SMEs as well as consumers by linking borrowers to investors, reports said March 3. MicroGraam Executive Rangan Varadan is a joint f…
Tag: SME lending
SMEs need flexibility in repayment instruments & schedules | Harsh Chamria, SME Business Head, Magma Fincorp
Driven by single, purposeful goal – investing in the smallest dream – Magma Fincorp’s 26 years’ experience as financier has enabled the company to extend support to the masses that have been excluded by the traditional financial systems. When it comes to getting the business up and running, Magma…
HDFC bank launches SME e-bank
HDFC Bank, the country’s second largest private sector lender, has launched a digital bank for its Small and Medium Enterprises (SME) customers. It aims to grow its market share in the hinterlands with this. “It takes away the hassle of physical availability of a relationship manager and makes ba…
IndoStar Capital Finance to focus on SME lending, eyes Rs 1,200-crore loan book
With a CAGR of 49 per cent in assets growth, NBFC IndoStar Capital Finance is looking to ramp up SME lending this year and grow its loan book five-times to Rs 1,200 crore. “We plan to ramp up our SME business this year and build an AUM of Rs 1,200 crore by geographical expansion. We [&helli…
Private Banks & HFCs must play an expanded role to provide financial support to SMEs | Harshil Mehta, CEO, DHFL
Finance has typically been one of the areas of concern for the SME sector. One of India’s leading finance company, Dewan Housing Finance Ltd (DHFL), has lately expanded its portfolio by entering into SME lending segment. SMEpost.com caught up with Harshil Mehta, CEO of DHFL, in an exclusive conve…