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Mumbai (Maharashtra) [India], May 12 (ANI/NewsVoir): Ednovate, an edtech company whose idea is to innovate education for Commerce students has received an undisclosed Series A funding from Dr Vinay Jain, Chairman Witty Group of Institutions, Ajay Sarupria, well renowned angel investor and Kaushik Mehta to finance its rapid expansion plan for scaling its operations PAN India and globally. ....
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Unsecured personal loans, credit cards, business banking, and MSME loans are emerging as new breeding ground for banks NPAs. How serious is the problem? ....
ICICI Bank, SBI Cards see robust growth in credit cards Mumbai | Updated on Surabhi Private sector lenders, led by ICICI Bank and SBI Cards, have seen robust growth in credit card issuances between December 2020 and February 2021, coinciding with the temporary halt on HDFC Bank sourcing new cards. Data with the Reserve Bank of India reveal that the outstanding credit cards of ICICI Bank stood at 1.03 crore as on February 28, 2021, registering a 4.68 per cent jump since December 2020 when it was at 99.1 lakh. Outstanding credit cards of SBI Cards, too, grew 2.18 per cent to 1.17 crore as on February 28, 2021, from 1.14 crore as on December 31, 2020. ....