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Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital

Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital
Photo: Pradeep Gaur/Mint
April 22, 2021
Private sector lender DCB Bank Ltd on Wednesday said it has acquired a 9% stake in Bengaluru-based non-bank financier Techfino Capital Pvt Ltd.
The bank did not disclose the financial details of the transaction.
Techfino, which is present in key metros and tier II cities across India, uses its technology platform to provide customized consumer loans in education and healthcare sectors, the bank said in a statement.
Narendranath Mishra, head of agri and inclusive banking at DCB Bank, said micro loans or granular loans as a financial solution hold much promise. ....

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Private lender DCB purchases 9% stake in NBFC Techfino Capital

Private lender DCB purchases 9% stake in NBFC Techfino Capital
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DCB Bank-New Generation Private Sector Bank Acquires 9% Minority Stake In NBFC Techfino Capital

Currently, DCB Bank has a total of 347 branches across the country
New generation private sector bank- DCB Bank Limited, announced on Wednesday, April 21, that it acquired a minority equity stake of approximately nine per cent in a Bengaluru-based fintech non-banking financial company (NBFC) - Techfino Capital Private Limited. DCB Bank is a listed firm on stock exchanges- BSE and NSE. According to a statement released by DCB Bank, the NBFC uses a modern technology platform to offer customised consumer loans in the healthcare and education sectors. Techfino Capital is operational in major metro cities and tier-2 cities across the country. ....

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DCB Bank acquires minority stake in Techfino Capital - The Hindu BusinessLine

DCB Bank acquires minority stake in Techfino Capital
April 21, 2021
The funds raised by Techfino will be used to enhance current tech stack
DCB Bank Limited, a private sector bank, has acquired a minority equity stake of about 9 per cent in Bengaluru-based non-banking financial company (NBFC), Techfino Capital Private Limited (TCPL).
The funds raised by TCPL will be used in enhancement of current tech stack apart from on-lending to customers. Techfino provides customised consumer loans in education and healthcare sectors. It is present in key metros and tier II cities across India.
Complementing strengths
Narendranath Mishra, Head, Agri and Inclusive Banking, DCB Bank, said, “DCB Bank and TCPL are delighted to be associated in this manner. Micro loans or granular loans as a financial solution hold much promise. We value each other’s experience and expertise to build a granular loan portfolio with patience and nuance. DCB Bank and Techfino complement ....

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DCB Bank acquires 9% equity stake in Techfino Capital

DCB Bank acquires 9% equity stake in Techfino Capital
By
IANS
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DCB Bank acquires 9% equity stake in Techfino Capital. Image Source: IANS News
Mumbai, April 21 : Private sector lender DCB Bank Ltd on Wednesday said that it has acquired a minority equity stake of around 9 per cent in Techfino Capital Private Ltd (TCPL).
Techfino is a Bengaluru-based Non-Banking Financial Company (NBFC) which provides customised consumer loans in education and healthcare sectors through its modern technology platform. It is present in key metros and tier-II cities across India.
Narendranath Mishra, Head Agri and Inclusive Banking, DCB Bank, said: DCB Bank & TCPL are delighted to be associated in this manner. We value each other s experience and expertise to build a granular loan portfolio with patience and nuance. DCB Bank and Techfino complement each other s strengths, and this is an opportunity for both organisations to grow the customer franchise ....

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