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IANSLive
Mumbai, June 1 (IANS) Edelweiss Retail Finance Limited (ERFL), an arm of the Edelweiss Group on Tuesday announced strengthening of its existing Co-Lending partnership with Central Bank of India (CBoI), one of India s largest commercial banks for Priority Sector Lending to MSMEs (Micro, Small and Medium Enterprises).
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Buy now pay later credit platform Capital Float on Tuesday said financing through its platform has crossed over Rs 2,000 crore by March 2021.
Capital Float said it has ended FY21 on a high note, crossing 20 lakh (2 million) lifetime customers a four times increase from March 2020, it said. It has now financed over Rs 2,000 crore worth of consumer purchases through its Buy-Now-Pay-Later (BNPL) model till-date, making it the fastest growing BNPL platform in India, it said in a release. Additionally, Capital Float s Walnut app surpassed the 500,000 active customers mark and has seen considerable traction for consumer credit, personal financial management and insurance.
Credit Suisse has lost a key dealmaker in Europe, two sources familiar with the move said, as a pay-driven exodus of top investment bankers which began in the United States spreads.
According to IFC, the loan will be of five year tenor and it aims to support Rabobank India s efforts to expand its lending programme to climate smart agriculture (CSA) and renewable energy projects.The