CBA lifts interest rates as new home lending plunges
Commonwealth Bank and Macquarie have increased savings rates, as well as charging borrowers more, as the banks step up the battle to win deposits.
Source: afr.com
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Udaan raises $120 mn in funding winter, plans IPO in 12-18 months
The Bengaluru-headquartered startup improved its unit economics by "1,000bps with equally strong improvements in both gross margins and operating cost. Get more Small Business News and Business News on Zee Business.
Source: zeebiz.com
B2B e-commerce unicorn Udaan raises $120 mn, ready to go public in 12-18 months
With this, the total funding raised by the ecommerce unicorn in convertible notes and debt stands at $300 million, the company’s Chief Financial Officer, Aditya Pande wrote in an email.
Source: businesstoday.in
Road Map for Developing an Online Platform to Trade Nonperforming Loans in Asia and the Pacific
This report examines the feasibility of establishing an electronic marketplace for trading nonperforming loans (NPLs) in Asia and the Pacific and explains how this would benefit financial stability in the region.
Source: adb.org
READER LETTER | Finance sector oppresses blacks
The cash price of a car is on the board but when it comes to the banks financing the product, black people pay more interest because they are regarded as high risk.
Source: sowetanlive.co.za