Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…
Tag: Axis Bank
Retail, SME sectors could be next bubble: Axis Bank MD & CEO Shikha Sharma
The retail and medium-sized enterprises sectors have been showing credit demand but the banking industry is worried that they could be the next bubble, said Axis Bank Manging Director & CEO Shikha Sharma while speaking at a event. Sharma also pointed out that credit growth to the corporate se…
Snapdeal offers Rs 1,000 crore collateral-free loans to its sellers
Online marketplace Snapdeal is offering collateral-free loans worth Rs 1,000 crore for its sellers, ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme — Capital Assist — which is now managed by FreeCharge and i…
Axis Bank ties up with Amazon, Visa to help startups in India
Axis Bank has partnered with internet giant Amazon’s Indian arm and also Singapore based Overseas Chinese Banking Corp’s unit to help Indian start-ups with their technology related questions. The Bengaluru based centre called Thought Factory will help Indian start-ups interact with Am…
Hansa Cequity plans to go for more buyouts
Marketing technology company Hansa Cequity plans to follow up its acquisition of majority stake in analytics firm D-Square with more buyouts to build its new products and platforms business. A deal in customer loyalty business is in the offing, Chief Operating Officer Ajay Kelkar told . “We…
Axis Bank unveils ‘Thought Factory’ in Bengaluru for startups
Axis Bank has announced the launch of ‘Thought Factory’, an innovation lab facility aimed at accelerating the development of innovative technology solutions, for the banking sector. The innovation hub located in Bengaluru has an in-house innovation team and an accelerator program. The…
Private banks keen to play venture capitalists to startups
Top private sector banks with deep reserves are now playing venture capitalists to startups at a time when startup valuations are sliding and angel investors have become more cautious than before. ICICI Bank , HDFC Bank and Axis Bank have formed separate lending teams to fund small startups, main…
Small businesses are driving India’s mobile banking growth story
Mobile banking in India seems to have finally turned a corner. The value of transactions made from mobile phones in the country was the highest in December 2015, compared to a year ago. And corporate accounts—especially Small and Medium Enterprises (SMEs)—are bigger growth drivers than individual…
Snapdeal assists capital needs of 1,200 SMBs with Rs 300 crore
Snapdeal’s Capital Assist programme has reached out to 1,200 small and medium-sized enterprises across 300 cities in the country and disbursed loans of around Rs 300 crore till date. The e-tailer has tied up with 25 financial institutions under its Capital Assist programme, which includes HDFC Ba…
Entrepreneurs Academy to catch them young
Here’s a chance for Indian children as young as 11 to learn how to start a company. The US-based Young Entrepreneurs Academy (YEA) is set to launch its first programme in India in August as it looks to groom budding entrepreneurs between the ages of 11 and 18. The 25-day course, with three-…