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Finance

Bandhan-led consortium acquires mutual fund business of IDFC

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Bandhan Financial Holding-led consortium has acquired IDFC Asset Management Company and IDFC AMC Trustee Company for Rs 4,500 crore. The partners of the consortium...
Finance

Vested Finance in Series A funding has raised USD 12 million

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Vested Finance has raised $12 million in Series A funding. The firm is a broking platform that enables Indian investors to invest in the...
Finance

COVID insurance claims worth Rs 17537 crore given to PSU insurers

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COVID-related health insurance claims worth Rs 17,537 by Public sector insurers have been settled and issued till December 2021. Moreover, 93 percent of the...
Finance

Enkash has raise $20 million funding led by Ascent Capital

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Enkash, a B2B fintech has raised $20 million in a new funding round led by Ascent Capital in collaboration with Baring India Private Equity...
Finance

L&T Finance sells NPAs amounting Rs 3463 crore to Phoenix ARC

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L&T Finance has sold Rs 3463 crore of non-performing assets to Kotak Mahindra Bank-backed Phoenix ARC Pvt in the last week of March. The...
Finance

Digital economy to witness exponential growth to $800 billion by 2030 – Finance Minister

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Finance Minister, Nirmala Sitharamna said on Friday India’s digital economy is expected to witness growth to $800 billion by 2030 owing to rising internet...
Finance

CredAble disbursed $3 billion to 1,50,000 SMEs in a year

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CredAble, a working capital financing platform on Wednesday said that it has disbursed USD 3 billion to cash-strapped small and medium enterprises in the...
Finance

Over 37,000 feature phones users joined UPI services so far – Minister of State for Finance

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The digital payment service designed for feature phones has over 37,000 users since its launch on March 8, 2022. Also, 21,833 transactions have been...
Finance

MFIN data reveals 10 percent rise in microfinance loan

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As per the report released by Microfinance Institutions Network (MFIN), the microfinance loan has grown by 10 percent YoY to Rs 2.56 lakh crore...
Finance

Vivriti Capital raises $55 million funds from existing investors

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A mid-market lender, Vivriti Capital has raised $55 million from two of its existing investors, Lightrock India and Creation Investments in a new funding...
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