Funds

Hyderabad, April 19, 2022, Addressing at the Global Impact Summit 2022, Mr. Amol Maheshwari, Chief Distribution Officer – EarlySalary, India’s largest consumer lending platform for young professionals highlighted about how the advent of technology is changing finance, insurance and healthcare. “Start-ups will boom in the trinity of fintech, insurtech and healthtech (FIH). While fintech empowers affordability to pay for...

Tuesday, 16th April 2022: Bitbns, one of India's largest crypto exchanges, announced the listing of Alien Worlds (TLM), one of the most traded NFT metaverse tokens on its exchange. The users can earn token in the mining game and draw fixed interest by holding the token for a specific period. Alien Worlds (TLM) will be a new addition to the exchange's 400+ supported...

Mumbai, 16 April 2022: In its bid to identify and nurture innovative tech and fintech focused startups, LenDenClub, India's largest peer-to-peer (P2P) lending platform, has launched a venture fund called ‘LenDenClub Alpha’ which will focus on seed and pre-series stage fintech startups. LenDenClub Alpha aims to on-board early-stage start-ups, offering them mentorship and access to capital thereby enabling them to...

The rapid advancement of technology has fueled a high pace of change in the digital world, where people are availing gold loans online from the comfort of their homes. And with this trend gathering momentum at a higher pace, India's No.1 Gold Platform, Augmont Gold For All has recorded a turnover of over 100 crore gold loans in their first...

Wealth managers can offer clients fractional access to a full suite of private market assets, helping them gain a competitive advantage over platforms with only public market products SINGAPORE, 10 APRIL 2022 – Wealth managers can now introduce more of their end-investors to the world of private investments through a newly-launched institutional service on digital securities exchange ADDX. Corporate treasuries...

Ujjivan SFB’s highest ever disbursement; collection at 100% The Bank’s highest ever quarterly disbursement in FY22 Q4, 14 per cent rise to INR 4,870 crore, coupled with quarterly improvement in asset quality parameters, PAR at 9.6 per cent down from 14.9 per cent; GNPA reduced to 7.1 per cent from 9.8 per cent as at December 31, 2021Collection Efficiency at...

New Delhi, 8th April 2022: Indian Staffing Federation (ISF), the apex body representing the staffing/private employment services industry in India, today announced ISF’s newly-elected Executive Board 2022-24 and their vision to bring formal employment to India’s 390 million informal workforce. By bringing the informal workforce into formal employment the board vowed dignity of labour, minimum wage protection and social...

India’s merchandise trade with Australia more than doubles from US $ 10.7 bn in 2020 to almost US $ 23 in 2021, with both exports and imports recording an all-time high of US $ 7.5 bn and US $ 15.2 bn respectively. India’s export to Australia have also recently seen a pick up said, Ms. Harsha Bangari Managing Director,...

iPiD makes cross border payments possible with only a phone number and eases international transactions considerably for Indian customers Mumbai, Maharashtra, IndiaThe ground-breaking fintech of International Payments- iPiD, today announced its launch in the Indian market. iPiD is a technological innovative initiative for financial transactions cutting across the political borders of nations and financial borders of currencies. And all this...

·    The asset quality has deteriorated for most of the large CV financiers with high headline delinquencies and portfolio restructuring. Downside risks emanating from fuel prices remain a key factor for CV operators in the near term. ·    Given the capacity utilisation levels and freight rates seen in FY2022, used vehicle operating economics are better than new vehicles from a financier’ perspective ·    If...