Page 4 - மகாராஷ்டிரா இணை செயல்பாட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Banks to insure deposits up to Rs 5 lakh
tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
Cabinet approves amendments to Deposit Insurance and Credit Guarantee Corporation Act
telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
Indian fintech
BharatPe plans to raise around USD 175 million or INR 1,300 crore in debt, according to a news report by Entrackr.
Founded in 2018 by
Ashneer Grover and
Shashvat Nakrani, BharatPe is a merchant-payments and lending solutions provider. Since its inception, the company has raised only around $268 million but is valued at $900 million. The soon-to-become Unicorn plans to use the fresh funds to launching new consumer-focused products.
The company is also looking to build a loan book of $675 million. It has also recently acquired an Indian co-operative bank called Punjab and Maharashtra Co-operative (PMC) bank in a consortium with wealth-management firm Centrum Financial services. It is essential to mention here that a scam hit the PMC bank in 2019 after it favored a housing company by giving out a huge loan.
Recast deposit insurance - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
BharatPe banks on engineers
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In June, a three-year old fintech startup won a rare banking licence from the RBI a prize that has eluded many of India’s biggest business barons.
BharatPe now plans to launch India’s first merchant-focussed bank in the next three to four months. We spoke to several experts to make sense of the company’s foray into traditional banking.
Also in this letter:
Why IT services firms are on a hiring spree
Govts need to hold
(L-R) BharatPe cofounder Ashneer Grover, Centrum Group chairman Jaspal Bindra, BharatPe group president Suhail Sameer