Arman Financial’s Wholly Owned Subsidiary ‘Namra Finance Ltd’ (an NBFC-MFI) Successfully Raises ₹ 66.3 Crores of Debt Capital from MUDRA, and the IIV Mikrofinanzfonds, Germany on Favourable Terms

AHMEDABAD, India, March 24, 2020 /PRNewswire/ — Arman Financial Services Ltd (Arman), a Gujarat based non-banking financial company (NBFC), with interests in microfinance, two-wheelers, and micro-enterprise (MSME) loans, announced that its wholly-owned subsidiary ‘Namra Finance Ltd’ which manages the microfinance…

German Online Lender Kreditech Looking to Ramp-up in India Through Its Registered NBFC

MUMBAI, India, Oct. 4, 2019 /PRNewswire/ — A German based online lender Kreditech announced its global strategy, with India as key market where it plans to expand rapidly. The company ambition is to achieve a total global EUR 1 bn revenue…

Demystifying AI & RPA Technologies for the Indian BFSI & NBFC Sectors

C-level executives, tech experts and solution providers from the AI space are gathering to discuss real-world industry use-cases and adoption challenges of AI & RPA in the Indian BFSI & NBFC sectors at World AI Show, organized by Trescon, in Mumbai…

Governor Shaktikanta Das welcomes move to bring NBFCs under RBI’s radar

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday it will do its best after being given the additional responsibility of supervising and regulating non-banking financial companies (NBFCs) in a bid to boost investment and lending in the economy.

Anil Ambani urges life support for debt-ridden NBFCs

Reliance group chairman Anil Ambani talked about the full-blown crisis faced by Reliance Capital. He thinks the contagion and cascading effects on the economy are clearly visible.

Rs 1,800 crore invest in Edelwesis NBFC by CDPQ

CDPQ to invest over Rs 1,800 crore in Edelweiss NBFC   CDPQ Private Equity, a wholly-owned subsidiary of one of North America’s largest pension fund managers, has signed an agreement to invest over Rs 1,800 crore in its non-banking financial arm…

Poonawalla Fincorp’s Rating Upgraded to AAA by Care Ratings

Business Wire IndiaCare Ratings Ltd (Care) has upgraded the long-term rating of Poonawalla Fincorp Limited (PFL) and its subsidiary, Poonawalla Housing Finance Limited (PHFL) to “CARE AAA (Triple A), Stable”. This rating is applicable for bank loan facilities, non-convertible debentures,…

Ubersmith Announces Integration with Sage Intacct Financial Software

Billing system information feeds directly into the accounting software NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) — Ubersmith, a leader in subscription management solutions for the cloud, today announces an integration with Sage Intacct financial management software that provides companies…

Paul Merchants Finance gets a New Core Banking System from Sesame Software (A Speridian Co)

Paul Merchants Finance in association with Sesame Software (A Speridian Co) implements new LOS and LMS System CHANDIGARH, India, Sept. 29, 2022 /PRNewswire/ — Sesame (A Speridian Co) was chosen as the transformation partner by Paul Merchants Finance and has successfully…

axio sees 200% growth in consumer credit business over past year as asset quality holds steady

Clocking Rs 5000 crores of annualized disbursals Crossed 5 million credit customers NPAs holding in 1-1.5% range BENGALURU, India, Sept. 15, 2022 /PRNewswire/ — axio (formerly Capital Float), India’s leading digital finance company, announced doubling its customer base in the last…